Wyoming § 26-17-124 Application of dividends; rate reductions

Wyoming Statutes

§ 26-17-124 — Application of dividends; rate reductions

Wyoming § 26-17-124

Title 26Insurance Code

Ch. 17GROUP LIFE INSURANCE

This text of Wyoming § 26-17-124 (Application of dividends; rate reductions) 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. § 26-17-124 (2026).

Text

If a policy dividend is declared or a rate reduction is made or
continued for any year of insurance under any group life
insurance policy issued to any policyholder, the excess, if any,
of the aggregate dividends or rate reductions under the policy
and all other group insurance policies of the policyholder over
the aggregate expenditure for insurance under the policies made
from funds contributed by the policyholder, or by an employer of
insured persons, or by a union or association to which the
insured persons belong, including expenditures made in
connection with administration of the policies, shall be applied
by the policyholder for the sole benefit of insured employees or
members.

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If a policy dividend is declared or a rate reduction is made or
continued for any year of insurance under any group life
insurance policy issued to any policyholder, the excess, if any,
of the aggregate dividends or rate reductions under the policy
and all other group insurance policies of the policyholder over
the aggregate expenditure for insurance under the policies made
from funds contributed by the policyholder, or by an employer of
insured persons, or by a union or association to which the
insured persons belong, including expenditures made in
connection with administration of the policies, shall be applied
by the policyholder for the sole benefit of insured employees or
members.