A domestic stock insurer shall not pay any dividend to stockholders except out of earned surplus. Prior to payment thereof, the director, in his discretion, may approve the payment of a dividend from other than earned surplus. For purposes of this section, “earned surplus” shall include surplus arising from unrealized capital gains or revaluation of assets.
Idaho Code § 41-2843
Dividends to stockholders
1961, ch. 330, § 611, p. 645; am. 1993, ch. 194, § 14, p. 492.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.