A title insurance company may not pay dividends except from net profits remaining on hand after retaining unimpaired
(1) the subscribed capital stock;
(2) the amount required to be set aside as unearned premium reserve fund under AS 21.18.073;
(3) a sum sufficient to pay current liabilities for operating expenses and taxes, and losses established or in process of settlement, without impairment of the unearned premium reserve fund required under AS 21.18.073.