§550.15. Payment of dividends
A captive insurance company shall not pay dividends out of, or make any other
distribution with respect to its capital or surplus, or both, unless the captive insurance
company has obtained the prior approval of the commissioner to make such a payment or
distribution.
Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3;
Acts 2025, No. 313, §2.