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Dividends
9 Months Ended
Sep. 30, 2013
Dividends  
Dividends

4.  Dividends

 

The maximum amount of dividends, which can be paid to stockholders by insurance companies domiciled in the State of Colorado, is subject to restrictions relating to statutory capital and surplus and statutory net gain from operations.  Prior to the payment of any dividends, the Company seeks approval from the Colorado Insurance Commissioner.  During the nine months ended September 30, 2013 and 2012, the Company paid dividends of $90,936 and $154,800, respectively, to its parent, GWL&A Financial.