Wyoming Statutes

§ 1-41-103 — Self-insurance account; creation; authorized payments

Wyoming·Title 01 Civil Procedure·Ch. 41 STATE SELF-INSURANCE PROGRAM
(a)There is created the state self-insurance account. The account shall be in such amount as the legislature determines to be reasonably sufficient to meet anticipated claims. In addition to any legislative appropriation, the account shall include all authorized transfers of monies to the account, all income from investments of monies in the account and payments by insurance or reinsurance companies. The account may be divided into subaccounts for purposes of administrative management. Appropriations to the account shall not lapse at the end of any fiscal period.
(b)The self-insurance account shall maintain sufficient reserves for incurred but unpaid claims as well as incurred but unreported claims.
(c)Expenditures shall be made out of the self-insurance account for the following claims

Free access — add to your briefcase to read the full text and ask questions with AI

Wyoming § 1-41-103 (Self-insurance account; creation; authorized payments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

§ 1983
42 U.S.C. § 1983

Nearby Sections

15
View on official source ↗