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



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



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



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