Wyoming § 26-15-122 Assignment of policies

Wyoming Statutes

§ 26-15-122 — Assignment of policies

Wyoming § 26-15-122

Title 26Insurance Code

Ch. 15THE INSURANCE CONTRACT

This text of Wyoming § 26-15-122 (Assignment of policies) 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. § 26-15-122 (2026).

Text

A policy is assignable or not assignable as provided by its
terms. Subject to its terms relating to assignability, any life
or disability policy, under the terms of which the beneficiary
may be changed upon the sole request of the insured or owner,
may be assigned either by pledge or transfer of title, by an
assignment executed by the insured or owner alone and delivered
to the insurer, whether or not the pledgee or assignee is the
insurer. The assignment entitles the insurer to deal with the
assignee as the owner or pledgee of the policy in accordance
with the terms of the assignment, until the insurer receives at
its home office written notice of termination of the assignment
or pledge, or written notice by or on behalf of some other
person claiming some interest in the policy in conflic

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A policy is assignable or not assignable as provided by its
terms. Subject to its terms relating to assignability, any life
or disability policy, under the terms of which the beneficiary
may be changed upon the sole request of the insured or owner,
may be assigned either by pledge or transfer of title, by an
assignment executed by the insured or owner alone and delivered
to the insurer, whether or not the pledgee or assignee is the
insurer. The assignment entitles the insurer to deal with the
assignee as the owner or pledgee of the policy in accordance
with the terms of the assignment, until the insurer receives at
its home office written notice of termination of the assignment
or pledge, or written notice by or on behalf of some other
person claiming some interest in the policy in conflict with the
assignment.