US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2843.  DIVIDENDS TO STOCKHOLDERS. A domestic stock insurer shall not
pay any dividend to stockholders except out of earned surplus. Prior to
payment thereof, the director, in his discretion, may approve the payment of a
dividend from other than earned surplus. For purposes of this section, "earned
surplus" shall include surplus arising from unrealized capital gains or
revaluation of assets.