58-15-63. Participating annuity or endowment contract--Ascertainment and apportionment of divisible surplus.
If an annuity or pure endowment contract, other than 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.
Source: SL 1966, ch 111, ch 23, §23.