ARTICLE 5. Dividends to Policyholders [4050. - 4052.]

Article 5 added by Stats. 1963, Ch. 1772.

§§ 4050–4052 · 3 sections

• § 4050 The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus…
• § 4051 A dividend otherwise proper may be payable out of such savings, earnings, and gains even though the insurer’s total surplus is then less than the aggregate of…
• § 4052 The payment of any such dividends on a workers’ compensation policy shall be subject to the provisions of Section 11738 and for that purpose a mutual policy…