Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 1. FIRE AND MARINE INSURANCE [1880 - 10108.1]
( Part 1 enacted by Stats. 1935, Ch. 145. ) CHAPTER 4. General Mutual Insurers [4010 - 4097.20]
( Chapter 4 added by Stats. 1963, Ch. 1772. ) ARTICLE 5. Dividends to Policyholders [4050 - 4052]
( Article 5 added by Stats. 1963, Ch. 1772. ) 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 contributed surplus remaining unpaid by the insurer.
(Added by Stats. 1963, Ch. 1772.)