# Mont. Code Ann. § 33-28-106: 33-28-106 Dividends

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-106

## Section

- **Citation:** Mont. Code Ann. § 33-28-106
- **Heading:** 33-28-106 Dividends
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 28 / Part 1 / Section 33-28-106

## Text

33-28-106 . Dividends. (1) A captive insurance company may not pay a dividend out of, or other distribution with respect to, capital or surplus without the prior approval of the commissioner.

(2) Approval of an ongoing plan for the payment of dividends or other distributions must be conditioned upon retention, at the time of each payment, of capital surplus in excess of the amounts specified by or determined in accordance with formulas approved by the commissioner.

## Nearby sections

- [Mont. Code Ann. § 33-28-101 33-28-101 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-101.md)
- [Mont. Code Ann. § 33-28-102 33-28-102 Certificates of authority -- lines of business -- definition](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-102.md)
- [Mont. Code Ann. § 33-28-103 33-28-103 Names of captive insurance companies](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-103.md)
- [Mont. Code Ann. § 33-28-104 33-28-104 Minimum capital surplus -- letter of credit](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-104.md)
- [Mont. Code Ann. § 33-28-105 33-28-105 Formation of captive insurance companies](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-105.md)
- [Mont. Code Ann. § 33-28-106 33-28-106 Dividends](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-106.md)
- [Mont. Code Ann. § 33-28-107 33-28-107 Reports and statements](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-107.md)
- [Mont. Code Ann. § 33-28-108 33-28-108 Examinations and investigations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-108.md)
- [Mont. Code Ann. § 33-28-109 33-28-109 Suspension or revocation of certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-109.md)
- [Mont. Code Ann. § 33-28-110 33-28-110 Excess workers' compensation insurance -- reinsurance of self-insured plans](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-110.md)
- [Mont. Code Ann. § 33-28-111 33-28-111 Captive mergers](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-111.md)
- [Mont. Code Ann. § 33-28-120 33-28-120 Captive insurance regulatory and supervision account](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-106. Check the current official text before relying on it. Not legal advice.