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2022 California Code
Insurance Code - INS
DIVISION 2 - CLASSES OF INSURANCE
PART 1 - FIRE AND MARINE INSURANCE
CHAPTER 4 - General Mutual Insurers
ARTICLE 5 - Dividends to Policyholders
Section 4051.
Universal Citation:
CA Ins Code § 4051 (2022)
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4051. A dividend otherwise proper may be payable out of such savings, earnings, and gains even though the insurer’s total surplus is then less than the aggregate of contributed surplus remaining unpaid by the insurer.
(Added by Stats. 1963, Ch. 1772.)
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