# Iowa Code § 521J.6: Dividends

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.6

## Section

- **Citation:** Iowa Code § 521J.6
- **Heading:** Dividends
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 521J / Section 521J.6

## Text

(1) A captive company shall not pay a dividend out of, or other distribution with respect to, the minimum capital or surplus required under section 521J.4 without the prior written approval of the commissioner.

(2) The commissioner’s approval of an ongoing plan for the payment of dividends or other distributions shall be conditioned upon retention, at the time of each payment, of capital and surplus in excess of the amounts specified by, or determined in accordance with, a formula approved by the commissioner by rule.

2023 Acts, ch 107, §9

## Nearby sections

- [Iowa Code § 521J.1 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.1.md)
- [Iowa Code § 521J.2 Certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.2.md)
- [Iowa Code § 521J.3 Captive companies names.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.3.md)
- [Iowa Code § 521J.4 Minimum capital and surplus requirements.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.4.md)
- [Iowa Code § 521J.5 Captive companies formation.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.5.md)
- [Iowa Code § 521J.6 Dividends.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.6.md)
- [Iowa Code § 521J.7 Reports.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.7.md)
- [Iowa Code § 521J.8 Examinations.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.8.md)
- [Iowa Code § 521J.9 Suspension or revocation.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.9.md)
- [Iowa Code § 521J.10 Excess workers’ compensation insurance.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.10.md)
- [Iowa Code § 521J.11 Captive mergers.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.11.md)
- [Iowa Code § 521J.12 Captive insurance regulatory and supervision fund appropriation.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.12.md)
- [Iowa Code § 521J.13 Legal investments.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.13.md)
- [Iowa Code § 521J.14 Reinsurance.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C521J_S521J.6. Check the current official text before relying on it. Not legal advice.