North Dakota § 26.1-12-30 Determination of dividends

North Dakota Statutes

§ 26.1-12-30 — Determination of dividends

North Dakota·Title 26.1 Insurance·Ch. 26.1-12 Incorporated Mutual Insurance Companies

In determining the rate of dividend due a given trade, occupation, or profession, if the
dividend is allowed, the income received and losses sustained must be tabulated for a period of
not less than five years immediately preceding the determination of the dividend rate, and the
return dividend to policyholders must be based upon the experience of such period after
deduction for expenses and allowances for reserves as required by law.

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In determining the rate of dividend due a given trade, occupation, or profession, if the
dividend is allowed, the income received and losses sustained must be tabulated for a period of
not less than five years immediately preceding the determination of the dividend rate, and the
return dividend to policyholders must be based upon the experience of such period after
deduction for expenses and allowances for reserves as required by law.

North Dakota § 26.1-12-30 (Determination of dividends) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.