§ 40-22-107 — Permissible investments and statutory trust

(a) Each licensee shall at all times possess permissible
investments having an aggregate market value calculated in
accordance with generally accepted accounting principles, of not
less than the aggregate face amount of all outstanding payment
instruments issued or sold by the licensee in the United States.
This requirement may be waived by the commissioner if the dollar
volume of a licensee's outstanding payment instruments does not
exceed the bond or other security devices posted by the licensee
pursuant to W.S. 40-22-106.
(b) Permissible investments even if commingled with other
assets of the licensee, shall be deemed by operation of law to
be held in trust for the benefit of the purchasers and holders
of the licensee's outstanding payment instruments in the event
of the bankruptcy of the licensee.