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.
Ark. Code Ann. § 23-81-126
Annuity and pure endowment contracts — Dividend provision
Acts 1959, No. 148, § 329; A.S.A. 1947, § 66-3320.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.