304.15-230 Dividends -- Annuities. 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. Effective: June 81, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 15, sec. 23, effective June 18, 1970.
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