Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
66A.14 DIVIDENDS.
The board of directors of any mutual insurance company may from time to time fix and
determine the amounts to be paid during the year as dividends or a refund of savings and gains
to policyholders; provided, that no dividend or refund shall discriminate between members of
the same class and no dividend or refund shall be declared or distributed except out of the net
divisible surplus of the company, and no company shall pay or credit a policyholder any sum in
anticipation of a future dividend or refund.
History: 1967 c 395 art 7 s 14
The board of directors of any mutual insurance company may from time to time fix and
determine the amounts to be paid during the year as dividends or a refund of savings and gains
to policyholders; provided, that no dividend or refund shall discriminate between members of
the same class and no dividend or refund shall be declared or distributed except out of the net
divisible surplus of the company, and no company shall pay or credit a policyholder any sum in
anticipation of a future dividend or refund.
History: 1967 c 395 art 7 s 14
Official Publication of the State of Minnesota
Revisor of Statutes