A title insurance company may not pay dividends except from net profits remaining on hand after retaining unimpaired
(1) the subscribed capital stock;
(2) the amount required to be set aside as unearned premium reserve fund under AS 21.18.073 ;
(3) a sum sufficient to pay current liabilities for operating expenses and taxes, and losses established or in process of settlement, without impairment of the unearned premium reserve fund required under AS 21.18.073 .
Section: Previous 21.66.010 21.66.020 21.66.030 21.66.060 21.66.070 21.66.080 21.66.085 21.66.090 21.66.100 21.66.110 21.66.120 21.66.130 21.66.150 21.66.160 21.66.170 NextLast modified: November 15, 2016