{"data":{"id":"us-in/ic-27-1-3-26","jurisdiction":"us-in","citation":"IC 27-1-3-26","heading":"Order to limit ordinary shareholder dividends","body":"Sec. 26. The department shall establish and follow a practice under which the department issues an order to a domestic insurer to limit the payment of ordinary shareholder dividends by the insurer if the department determines that the surplus of the insurer as regards policyholders:\n(1) is not reasonable in relation to the outstanding liabilities of the insurer; and\n(2) is not adequate to the financial needs of the insurer.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 3. General Powers and Duties of the Department"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-3-26","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"e04ded5bcbbb5fd23c0a2829a7be9de27abfa46ac99721bc45be7ce50de57933","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-3-25","next":"us-in/ic-27-1-3-27"},"notice":"GroundRules: Original legal text. Not legal advice."}