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.
La. R.S. 22:550.15
Payment of dividends
Acts 2008, No. 403, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.