761 (1) The directors of an insurance holding company may declare and an insurance holding company may pay a
dividend by issuing fully paid shares of the insurance holding company or options or rights to acquire fully
paid shares of the insurance holding company and, subject to subsection (4), the directors of an insurance holding company may declare and an insurance holding company may pay a dividend in money or property, and, where a dividend is to be
paid ...[+++] in money, the dividend may be
paid in a currency other than the currency of Canada.