§ 26-24-133 — Dividends to stockholders

(a) No domestic stock insurer shall pay any cash dividend
to stockholders except out of that part of its available and
accumulated surplus funds which is derived from realized net
operating profits on its business and realized capital gains.
(b) A cash dividend otherwise lawful may be payable out of
the insurer's earned surplus even though its total surplus is
then less than the aggregate of its past contributed surplus
resulting from issuance of its capital stock at a price in
excess of the par value thereof.
(c) A stock dividend may be paid out of any available
surplus funds in excess of the aggregate amount of surplus
advanced to the insurer under arrangements authorized in W.S.
26-24-131 and then remaining unpaid by the insurer.
(d) Payment of a stock dividend is otherwise subject to
W.S. 17-16-623.