Order to Limit or Disallow Payment of Ordinary Shareholder Dividends

  1. Law
  2. Indiana Code
  3. Insurance
  4. Department of Insurance
  5. General Powers and Duties of the Department
  6. Order to Limit or Disallow Payment of Ordinary Shareholder Dividends

Checkout our iOS App for a better way to browser and research.

Sec. 27. The department shall establish and follow a practice under which the department issues an order to limit or disallow the payment of ordinary shareholder dividends by a domestic insurer if the domestic insurer is found to be financially distressed or troubled.

As added by P.L.130-1994, SEC.6 and P.L.116-1994, SEC.10.


Download our app to see the most-to-date content.