Wyoming § 26-23-307 Single risk limitation

Wyoming Statutes

§ 26-23-307 — Single risk limitation

Wyoming § 26-23-307

Title 26Insurance Code

Ch. 23CASUALTY INSURANCE, SURETY INSURANCE AND TITLE

This text of Wyoming § 26-23-307 (Single risk limitation) 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. § 26-23-307 (2026).

Text

(a)The net retained liability of a title insurer for a single risk on property located in this state, whether assumed directly or as reinsurance, shall not exceed fifty percent (50%) of the sum of its total surplus to policyholders and reinsurance reserve, less the value assigned to title plants, as shown in the insurer's most recent annual statement on file in the commissioner's office.

(b)The commissioner may waive the limitation of this section for a particular risk upon application of the insurer and for good cause shown.

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(a) The net retained liability of a title insurer for a
single risk on property located in this state, whether assumed
directly or as reinsurance, shall not exceed fifty percent (50%)
of the sum of its total surplus to policyholders and reinsurance
reserve, less the value assigned to title plants, as shown in
the insurer's most recent annual statement on file in the
commissioner's office.
(b) The commissioner may waive the limitation of this
section for a particular risk upon application of the insurer
and for good cause shown.