§ 26-24-134 — Dividends to policyholders of mutual insurer

(a) The directors of a domestic mutual insurer may
apportion and pay or credit to its members dividends only out of
that part of its surplus funds which represents net realized
savings, net realized earnings and net realized capital gains,
all in excess of the surplus the insurer is required by law to
maintain.
(b) A dividend otherwise proper may be payable out of the
savings, earnings and gains even though the insurer's total
surplus is then less than the aggregate of contributed surplus
remaining unpaid by the insurer.
(c) A domestic stock insurer may pay dividends to holders
of its participating policies out of any available surplus
funds.
(d) No dividend shall be paid which is inequitable, or
which unfairly discriminates as between classifications of
policies or policies within the same classifications.
(e) This section is subject to W.S. 26-16-503(c).