Statute · California Insurance Code
Cal. Ins. Code § 4051 — Dividends to Policyholders
Cal. Ins. Code § 4051
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A dividend otherwise proper may be payable out of such 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.
Citator
Cal. Ins. Code § 4051 — Dividends to Policyholders is in force in the current edition of the Code, and nothing recorded condemns it.
A dividend otherwise proper may be payable out of such 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.