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.
KRS 304.15-230
Created 1970 Ky. Acts ch. 301, subtit. 15, sec. 23, effective 6/18/1970.