# La. Rev. Stat. § 22:86: Dividends on stock

> Louisiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S86

## Section

- **Citation:** La. Rev. Stat. § 22:86
- **Heading:** Dividends on stock
- **Jurisdiction:** Louisiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** LA Code / Code revised-statutes / Title 22 / Section 86

## Text

No domestic stock insurer shall declare and pay any dividends to its stockholders unless its capital is fully paid in cash and is unimpaired and it has a surplus beyond its capital stock and the initial minimum surplus required and all other liabilities equal to fifteen percent of its capital stock, provided that this restriction shall not apply to an insurer when its paid-in capital and surplus exceed the minimum required by this Code by one hundred percent or more.

Acts 1958, No. 125; Redesignated from R.S. 22:74 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.

## Nearby sections

- [La. Rev. Stat. § 22:1 Louisiana Insurance Code](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S1.md)
- [La. Rev. Stat. § 22:3 Composition of Department of Insurance](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S3.md)
- [La. Rev. Stat. § 22:12 Insurer; qualification required; compliance with Code required](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S12.md)
- [La. Rev. Stat. § 22:17 Particular provisions prevail](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S17.md)
- [La. Rev. Stat. § 22:23 Exclusive use of expirations](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S23.md)
- [La. Rev. Stat. § 22:35 Discrimination; failure to provide coverage; penalties; right of action](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S35.md)
- [La. Rev. Stat. § 22:45 Attorney general; writ of mandamus](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S45.md)
- [La. Rev. Stat. § 22:70 Prior approval required before a domestic insurer may apply for admission to another state or country](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S70.md)
- [La. Rev. Stat. § 22:75 Change of state of domicile of admitted insurer; conversion to foreign insurer; effects of redomestication](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S75.md)
- [La. Rev. Stat. § 22:86 Dividends on stock](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S86.md)
- [La. Rev. Stat. § 22:95 Existing insurers: capital requirements and powers](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S95.md)
- [La. Rev. Stat. § 22:118 Impairment of surplus; how made good](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S118.md)
- [La. Rev. Stat. § 22:141 Industrial insurance defined](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S141.md)
- [La. Rev. Stat. § 22:142 Limitations](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S142.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T22_S86. Check the current official text before relying on it. Not legal advice.