Montana § 33-3-423 - Dividends To Mutual Policyholders
Full text of Montana Montana Code Annotated § 33-3-423 — Dividends To Mutual Policyholders, with citation guidance and answers to common questions.
§ 33-3-423. Dividends To Mutual Policyholders
Dividends to mutual policyholders. (1) The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus funds which represents net realized savings and net realized earnings in excess of the surplus required by law to be maintained. (2) A dividend otherwise proper may be payable out of such savings and earnings even though the insurer's total surplus is then less than the aggregate of its contributed surplus.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-3-423
What does Montana Code Annotated § 33-3-423 cover?
Section 33-3-423 ("Dividends To Mutual Policyholders") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 33-3-423?
A common citation format is "Montana Code Annotated § 33-3-423" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 33-3-423 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.