§431:4-202  Increase of capital.  (a)  Adomestic stock insurer may increase its capital stock by complying with section414-281 and section 431:4-120.  The increase in capital shall be effective uponthe payment of the increased capital in full in cash.

(b)  If the increased capital stock is to bedistributed as stock dividend, the increased capital stock may be fully paid inout of any available surplus funds as is provided in section 431:4-204, and thepayment shall be effected by a transfer on the insurer's books from its surplusaccount to its capital account. [L 1987, c 347, pt of §2; am L 1989, c 207, §4;am L 2002, c 40, §69]