Tenn. Comp. R. & Regs. 0180-12-.19

Current through December 10, 2024

Section 0180-12-.19 - DIVIDENDS ON CAPITAL STOCK

Dividends may be paid out of capital surplus or retained earnings so long as the amount paid is not in conflict with the approved insuring agency's rules and regulations.

Original rule certified June 10, 1974. Repeal and new rule filed June 30, 1980; effective September 15, 1980. Transferred from the Department of Commerce and Insurance by Executive Order Number 38; effective February 11, 1983.

Authority: T.C.A. §§ 45-3-402, 45-3-407, and 45-3-801.