The Florida Senate

624.473  Dividends.--A commercial self-insurance fund shall obtain the approval of the department prior to paying any dividend or refund to its members. No such dividend or refund may be approved until 12 months after the last day of the fiscal year for which the dividend or refund is payable, or such later time as the department may require in accordance with sound actuarial principles.

History.--s. 32, ch. 86-160; s. 188, ch. 91-108; s. 4, ch. 91-429.