North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 10 - PROPERTY AND CASUALTY DIVISION
Section .0300 - RULES AND INTERPRETATIONS
Section 10 .0306 - DIVIDEND PAYMENT REQUIREMENTS
Universal Citation: 11 NC Admin Code 10 .0306
Current through Register Vol. 38, No. 18, March 15, 2024
Dividends are to be paid from company surplus uniformly. Dividends are to be paid upon termination of policy year or term from surplus in excess of any minimum surplus required of the company. Advance payment of dividends is not permitted nor can they be guaranteed.
Authority
G.S.
58-8-25;
58-36-60;
58-40-120;
Eff. February 1, 1976;
Readopted Eff. July 11, 1978;
Amended Eff. January 1, 1989; July 1, 1986;
Pursuant to
G.S.
150B-21.3A, rule is necessary without substantive public interest Eff.
January 3, 2017.
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