A mutual company may, in its articles of incorporation or in its bylaws, provide for the classification of its risks and of its members and for the payment of dividends and for the creation of a surplus.
D.C. Code § 31-4433
Classification of risks and members, payment of dividends, and creation of surplus by mutual companies
June 19, 1934, 48 Stat. 1152, ch. 672, ch
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.