---
urn: urn:us-la:rs:22:117
citation: "R.S. 22:117"
status: active
breadcrumb: "Title 22 › Chapter 2 › Part I › Subpart C"
acts_citations:
  - { year: 1958, number: 125, section: None, effective_date: null, role: enactment }
  - { year: 2009, number: 503, section: 1, effective_date: null, role: amendment }
---

# Dividends

No domestic mutual insurer shall pay any dividends to its policyholders unless it has a surplus beyond the initial minimum surplus required and all other liabilities, except a liability created under R.S. 22:116(2), equal to fifteen percent of such initial minimum surplus.