Wyoming § 31-14-131 31-14-103. Required security

Wyoming Statutes

§ 31-14-131 — 31-14-103. Required security

Wyoming § 31-14-131

Title 31Motor Vehicles

Ch. 14MOTOR CLUB SERVICES

This text of Wyoming § 31-14-131 (31-14-103. Required security) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 31-14-131 (2026).

Text

(a)A person shall not render or agree to render motor club service without first depositing and thereafter continuously maintaining security in one (1) of the following forms with the commissioner:

(i)One hundred thousand dollars ($100,000.00) in cash;

(ii)Securities approved by the commissioner having a market value of one hundred thousand dollars ($100,000.00) and approved by the commissioner and legal for investment by admitted insurers issuing nonassessable policies on a reserve basis;

(iii)A surety bond in the principal sum of one hundred thousand dollars ($100,000.00) with an admitted surety insurer as surety.

(b)In lieu of the deposit required by subsection (a) of this section, a foreign or alien motor club may deposit evidence satisfactory to the commissioner that it has on de

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(a) A person shall not render or agree to render motor
club service without first depositing and thereafter
continuously maintaining security in one (1) of the following
forms with the commissioner:
(i) One hundred thousand dollars ($100,000.00) in
cash;
(ii) Securities approved by the commissioner having a
market value of one hundred thousand dollars ($100,000.00) and
approved by the commissioner and legal for investment by
admitted insurers issuing nonassessable policies on a reserve
basis;
(iii) A surety bond in the principal sum of one
hundred thousand dollars ($100,000.00) with an admitted surety
insurer as surety.
(b) In lieu of the deposit required by subsection (a) of
this section, a foreign or alien motor club may deposit evidence
satisfactory to the commissioner that it has on deposit with an
officer of a state of the United States of America, authorized
by the law of such state to accept the deposit:
(i) Securities which meet the requirements of
subsection (a) of this section of at least a like amount for the
benefit and security of all members and creditors of the motor
club; or
(ii) A surety bond in the principal sum of one
hundred thousand dollars ($100,000.00) which meets the
requirements of W.S. 31-14-104 issued by a bonding company
authorized to do business in the state of Wyoming and in the
state where the bond is posted.