Louisiana Statutes
§ 22:117 — Dividends
Louisiana·Title 22 Insurance
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.
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Legislative History
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.
Nearby Sections
15
§ 22:1
§ 22:1§ 22:1002
Repealed by Acts 2018, No. 676, §2§ 22:1003.1
Children; portability; enrollment; exception§ 22:1004
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