41-1932 — PARTICIPATING AND NONPARTICIPATING POLICIES -- RIGHT TO ISSUE

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 19
                           LIFE INSURANCE POLICIES
                            AND ANNUITY CONTRACTS
    41-1932.  PARTICIPATING AND NONPARTICIPATING POLICIES -- RIGHT TO ISSUE. A
life insurer may issue policies on either the participating basis or the
nonparticipating basis, or on both bases, if the right or absence of right of
participation is reasonably related to the premium charged and the insurer is
otherwise not in violation of sections 41-1313 (unfair discrimination--life
insurance, annuities, and disability insurance) or 41-1314 (rebates, illegal
inducements).