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2017 Louisiana Laws
Revised Statutes
TITLE 22 - Insurance
RS 22:117 - Dividends
Universal Citation: LA Rev Stat § 22:117 (2017)
§117. Dividends
No domestic mutual insurer shall pay any dividends to its policyholders unless it has a surplus beyond the initial minimum surplus required and all other liabilities, except a liability created under R.S. 22:116(2), equal to fifteen percent of such initial minimum surplus.
Acts 1958, No. 125; Redesignated from R.S. 22:125 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
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