North Dakota § 26.1-12-30 Determination of dividends

North Dakota Statutes

§ 26.1-12-30 — Determination of dividends

North Dakota § 26.1-12-30

Title 26.1Insurance

Ch. 26.1-12Incorporated Mutual Insurance Companies

This text of North Dakota § 26.1-12-30 (Determination of dividends) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-12-30 (2026).

Text

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.