IC 27-5.1-2-40 : Investment gain; policyholder surplus

Sec. 40. This article does not prohibit a farm mutual insurance company from doing the following:

(1) Distributing underwriting or investment gain to policyholders of a farm mutual insurance company.

(2) Accumulating a reasonable policyholder surplus for the payment of losses or other expenses.

As added by P.L.129-2003, SEC.8.