RS 22:550.15
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/la/title-22/22-2086A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 22:550.15
§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.