Sec. 882.355. LIMITATIONS ON DIVISIBLE SURPLUS. A mutual life insurance company's divisible surplus available for payment of dividends to the company's policyholders may not include: (1) any part of the company's unencumbered surplus that has been: (A) allocated from the company's earned surplus; (B) transferred from the company's contingency reserve; or (C) otherwise acquired by the company; (2) if the company was organized after September 5, 1955, any part of the company's unencumbered surplus required to comply with Section 882.301 ; or (3) if the company's unencumbered surplus is less than $25,000, the part of the company's earned surplus for the preceding calendar year in excess of 75 percent of the earned surplus.
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