Wyoming § 26-23-401 Qualifications for group or master personal and
commercial lines property and casualty insurance policies

Wyoming Statutes

§ 26-23-401 — Qualifications for group or master personal and commercial lines property and casualty insurance policies

Wyoming § 26-23-401

Title 26Insurance Code

Ch. 23CASUALTY INSURANCE, SURETY INSURANCE AND TITLE

This text of Wyoming § 26-23-401 (Qualifications for group or master personal and commercial lines property and casualty insurance 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. § 26-23-401 (2026).

Text

(a)Personal and commercial lines property and casualty insurance may be offered to a resident of this state under a group or master policy issued or delivered pursuant to this section.

(b)Group or master property and casualty personal lines policies shall be subject to the following requirements:

(i)The group or master personal lines property and casualty policy shall not be issued or delivered in this state unless the commissioner finds that:

(A)The issuance of the group or master policy is not contrary to the best interest of the public;

(B)The issuance of the group or master policy would result in economies of acquisition or administration; and

(C)The benefits are reasonable in relation to the premiums charged.

(ii)A group or master personal lines property and casualty insurance

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Personal and commercial lines property and casualty
insurance may be offered to a resident of this state under a
group or master policy issued or delivered pursuant to this
section.
(b) Group or master property and casualty personal lines
policies shall be subject to the following requirements:
(i) The group or master personal lines property and
casualty policy shall not be issued or delivered in this state
unless the commissioner finds that:
(A) The issuance of the group or master policy
is not contrary to the best interest of the public;
(B) The issuance of the group or master policy
would result in economies of acquisition or administration; and
(C) The benefits are reasonable in relation to
the premiums charged.
(ii) A group or master personal lines property and
casualty insurance coverage shall not be offered in this state
by an insurer under a policy issued or delivered in another
state unless this state has made a determination that the
requirements of subparagraph (b)(i)(C) have been met;
(iii) The premium for the group or master personal
lines property and casualty policy shall be paid either from the
policyholder's funds or from funds contributed by the covered
persons, or from both.