Idaho Code 41-2843 – Dividends to Stockholders
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 41-2843
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.