054.00.15-22. Extraordinary Dividends and other Distributions.
AR ADC 054.00.15-22Arkansas Administrative CodeEffective: January 1, 2016
Effective: January 1, 2016
Ark. Admin. Code 054.00.15-22
054.00.15-22. Extraordinary Dividends and other Distributions.
(i) The amounts, dates and form of payment of all dividends or distributions (including regular dividends but excluding distributions of the insurer's own securities) paid within the period of twelve (12) consecutive months ending on the date fixed for payment of the proposed dividend for which approval is sought and commencing on the day after the same day of the same month in the last preceding year.
(b) Subject to Ark. Code Ann. ยง 23-63-515(c), (d), (e) and (f) as to extraordinary dividends, each registered insurer shall report to the Commissioner all dividends and other distributions to shareholders within fifteen (15) business days following the declaration thereof, including the same information required by subsections (a)(4)(i)-(v) of this section.
Credits
Amended Jan. 1, 2016.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.15-22, AR ADC 054.00.15-22
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