Wyoming Statutes
§ 26-17-109 — Credit union group
(a)The lives of a group of individuals may be insured
under a policy issued to a credit union or a trustee or agent
designated by two (2) or more credit unions, which credit union,
trustee or agent is deemed the policyholder, to insure members
of the credit union for the benefit of persons other than the
credit union, trustee, agent or any of their officials, subject
to the following requirements:
(i)All members or all of any class of members of the
credit union are eligible for insurance under the terms of the
policy;
(ii)Policy premiums shall be paid by the
policyholder from the credit union's funds and shall insure all
eligible members except that an insurer may exclude or limit the
coverage on any member if evidence of individual insurability
does not satisfy the insurer.
(A)Repeal
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Nearby Sections
15
§ 26-17-101
Applicability of chapter; short title§ 26-17-102
Group contracts must meet group requirements;
inapplicability of section; old contracts saved§ 26-17-103
Employee groups§ 26-17-104
Debtor groups for benefit of creditor§ 26-17-105
Labor union groups§ 26-17-106
Trustee groups§ 26-17-107
Repealed by Laws 1990, ch. 3, § 3§ 26-17-108
Dependents' coverage§ 26-17-109
Credit union group§ 26-17-111
Grace period§ 26-17-112
Incontestability§ 26-17-113
Application; statements are representations§ 26-17-114
Evidence of insurability§ 26-17-115
Misstatement of age