Order to limit ordinary shareholder dividends

Ind. Code § 27-1-3-26
in effect
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Sec. 26. The department shall establish and follow a practice under which the department issues an order to a domestic insurer to limit the payment of ordinary shareholder dividends by the insurer if the department determines that the surplus of the insurer as regards policyholders: (1) is not reasonable in relation to the outstanding liabilities of the insurer; and (2) is not adequate to the financial needs of the insurer. As added by P.L.130-1994, SEC.5 and P.L.116-1994, SEC.9.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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