Dividends may be paid out of capital surplus or retained earnings so long as the amount paid is not in conflict with the approved insuring agency’s rules and regulations.

Authority: T.C.A. §§45-3-402, 45-3-407, and 45-3-801. Administrative History: Original rule certified June 10, 1974. Repeal and new rule filed June 30, 1980; effective September 15, 1980. Transferred from the Department of Commerce and Insurance by Executive Order Number 38; effective February 11, 1983.