Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-34 - GROUP SELF-INSURANCE FUNDS
Rule 120-2-34-.21 - Dividends
Universal Citation: GA Rules and Regs r 120-2-34-.21
Current through Rules and Regulations filed through March 20, 2024
(1) Dividends may be returned to the members of the Fund pursuant to O.C.G.A. § 34-9-162(d).
(2) A dividend shall not be paid out of a specific Fund year which would cause the Fund to show an overall negative surplus.
Ga. L. 1960, pp. 289, 305; Ga. L. 1981, pp. 1759, 1778; O.C.G.A. Secs. 33-2-9, 34-9-162, 34-9-174.
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