Section 201
SEC. 201. No insurance corporation shall declare any dividend except from profits remaining on hand after retaining unimpaired: (a) The entire paid up capital stock. (b) In the case of life insurance corporations the legal reserved fund required by section one hundred and eighty-three of this Act. (c) In the case of corporations other than life the legal reserve fund required by section one hundred and eighty-six of this Act. (d) A sum sufficient to pay all losses reported, or in the course of settlement, and all liabilities for expenses and taxes. CONDUCT OF INSURANCE BUSINESS BY PERSONS NOT INCORPORATED.