Section 18.07.01.027 - EXTRAORDINARY DIVIDENDS AND OTHER DISTRIBUTIONS01.Request for Approval. Requests to approve extraordinary dividends or other extraordinary distribution to shareholders will include the following: a. The amount of the proposed dividend;b. The date established for payment;c. Whether the dividend is in cash or other property. If property, a description thereof, its cost, its fair market value, and an explanation of the valuation basis;d. Calculations showing the proposed dividend is extraordinary, which includes: i. The amounts, dates, and form of payment of all distributions (including regular dividends but excluding distributions of the insurer's own securities) paid within twelve (12) consecutive months ending on the date fixed for payment of the proposed dividend for which approval is sought;ii. Surplus as regards policyholders (total capital and surplus) as of the preceding December 31st;iii. If the insurer is a life insurer, the net gain from operations for the twelve (12) months ending the preceding December 31st; andiv. If the insurer is not a life insurer, the net income less net realized capital gains for the twelve (12) months ending the preceding December 31st.e. A balance sheet and income statement for the period since the last annual statement filed with the Director and the end of the month before the month in which the request for dividend approval is submitted; andf. The proposed distribution's effect on the insurer's surplus and the reasonableness of surplus in relation to the insurer's outstanding liabilities and the adequacy of surplus relative to the insurer's financial needs.02.Other Distributions. Subject to Section 41-3812, Idaho Code, registered insurers report to the Director all dividends and other shareholder distributions within fifteen (15) business days after the declaration thereof, including the information from Paragraph 027.01.d.Idaho Admin. Code r. 18.07.01.027