Okla. Stat. tit. 36, § 36-2123
This is the official text of Okla. Stat. tit. 36, § 36-2123, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Dividends to mutual policyholders
Official statutory text
A. The directors of a domestic mutual insurer may from time to
time apportion and pay or credit to its members dividends only out
of that part of its surplus which is in excess of its required
minimum surplus.
B. A dividend otherwise proper may be payable out of such
savings and earnings even though the insurer's total surplus is then
less than the aggregate of its contributed surplus.
time apportion and pay or credit to its members dividends only out
of that part of its surplus which is in excess of its required
minimum surplus.
B. A dividend otherwise proper may be payable out of such
savings and earnings even though the insurer's total surplus is then
less than the aggregate of its contributed surplus.
Status: in_force · Read it on the official government site
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