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A-32.1 - Insurers Act
Section 542
Disposition versions
542. Holders of insurance contracts conferring rights to policy dividends are entitled to share in that portion of the profits set apart that has been distinguished as having been derived from that class of contract in a proportion of at least
(1) 90% of such profits in any year in which the average of the participating fund does not exceed $250,000,000;
(2) 92.5% of such profits in any year in which the average of the participating fund exceeds $250,000,000 but does not exceed $500,000,000;
(3) 95% of such profits in any year in which the average of the participating fund exceeds $500,000,000 but does not exceed $1,000,000,000; and
(4) 97.5% of such profits in any year in which the average of the participating fund exceeds $1,000,000,000.
In force: 2019-06-13
542. Holders of insurance contracts conferring rights to policy dividends are entitled to share in that portion of the profits set apart that has been distinguished as having been derived from that class of contract in a proportion of at least
(1) 90% of such profits in any year in which the average of the participating fund does not exceed $250,000,000;
(2) 92.5% of such profits in any year in which the average of the participating fund exceeds $250,000,000 but does not exceed $500,000,000;
(3) 95% of such profits in any year in which the average of the participating fund exceeds $500,000,000 but does not exceed $1,000,000,000; and
(4) 97.5% of such profits in any year in which the average of the participating fund exceeds $1,000,000,000.
