Insurance Code § 12640.06
‹ § 12640.05§ 12640.07 ›Open in browserleginfo ↗12640.06.
A mortgage guaranty insurer shall not declare any dividends except from undivided profits remaining on hand over and above the aggregate of its paid-in capital, paid-in surplus and contingency reserve.
(Added by Stats. 1961, Ch. 719.)