Application of §§ 58-26-75 and 58-26-81 to certain life insurance policies issued on or after January 1, 1986

If for any life insurance policy issued on or after January 1, 1986, for which the gross premium in the first policy year exceeds that of the second year and for which no comparable additional benefit is provided in the first year for the excess and which provides an endowment benefit or a cash surrender value or a combination thereof in an amount greater than the excess premium, the foregoing provisions of § 58-26-81 and this section shall be applied as if the method actually used in calculating the reserve for the policy were the method described in § 58-26-75 , ignoring the second paragraph of §