§ 48.25.090. Dividends
If a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy, and that dividends arising from such apportionment shall be credited annually beginning not later than the fifth contract year. This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.
[1947 c 79 § .25.09; Rem. Supp. 1947 § 45.25.09.]
Sections: Previous 48.25.020 48.25.030 48.25.040 48.25.050 48.25.060 48.25.070 48.25.080 48.25.090 48.25.100 48.25.110 48.25.120 48.25.130 48.25.140 48.25.150 48.25.160 NextLast modified: April 7, 2009