Section 27-15-21
Annuity and pure endowment contract provisions - Dividends.
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.
(Acts 1971, No. 407, p. 707, §366.)