Wyoming § 26-15-103 Life insurance for benefit of charitable
institutions

Wyoming Statutes

§ 26-15-103 — Life insurance for benefit of charitable institutions

Wyoming § 26-15-103

Title 26Insurance Code

Ch. 15THE INSURANCE CONTRACT

This text of Wyoming § 26-15-103 (Life insurance for benefit of charitable institutions) 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. § 26-15-103 (2026).

Text

(a)Contracts of life insurance may be made and entered into in which the person paying the consideration for the insurance has no insurable interest in the life of the person insured, if charitable, benevolent, educational or religious institutions are designated irrevocably as a beneficiary but not necessarily the primary beneficiary thereof.

(b)In making a contract as specified in subsection (a) of this section, the person paying the premium shall make and sign the application therefor as owner and shall designate a charitable, benevolent, educational or religious institution irrevocably as the beneficiary or one (1) of the beneficiaries of the policy. The application also shall be signed by the person whose life is to be insured.

(c)The contract is valid and binding among all of the

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(a) Contracts of life insurance may be made and entered
into in which the person paying the consideration for the
insurance has no insurable interest in the life of the person
insured, if charitable, benevolent, educational or religious
institutions are designated irrevocably as a beneficiary but not
necessarily the primary beneficiary thereof.
(b) In making a contract as specified in subsection (a) of
this section, the person paying the premium shall make and sign
the application therefor as owner and shall designate a
charitable, benevolent, educational or religious institution
irrevocably as the beneficiary or one (1) of the beneficiaries
of the policy. The application also shall be signed by the
person whose life is to be insured.
(c) The contract is valid and binding among all of the
parties thereto, notwithstanding that the owner has no insurable
interest in the life of the person insured.