§431:4-204  Dividends to stockholders. (a)  No domestic stock insurer shall pay any cash dividend to stockholdersexcept out of that part of its available surplus funds which is derived fromany realized net profits.

(b)  Such an insurer may pay a stock dividendout of any available surplus funds.

(c)  No dividend shall be declared or paidwhich would reduce the insurer's surplus to an amount less than the minimumrequired for the classes of insurance thereafter to be transacted.

(d)  The commissioner may revoke thecertificate of authority of any insurer violating this section. [L 1987, c 347,pt of §2]