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SB 122 (BR 1039) - J. Denton

     AN ACT relating to insurance company dividends.
     Amend KRS 304.37-030 to redefine extraordinary dividend to mean that dividend, together with other dividends or distribution within the preceding 12 months that exceeds the greater, rather than lesser, of 10 percent of the insurer's surplus at calendar year's end.

     Feb 7-introduced in Senate
     Feb 9-to Banking & Insurance (S)

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