Section 21.45.220. Dividends: annuities.

Latest version.

If an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.

Authorities

21.45.070

Notes

References

AS 21.45.070 Dividends.

History

(Sec. 1 ch 120 SLA 1966)

                    
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