Wyoming § 26-24-112 Deposit in trust of premiums collected by
mutual insurer; release upon issuance of certificate of
authority

Wyoming Statutes

§ 26-24-112 — Deposit in trust of premiums collected by mutual insurer; release upon issuance of certificate of authority

Wyoming § 26-24-112

Title 26Insurance Code

Ch. 24ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

This text of Wyoming § 26-24-112 (Deposit in trust of premiums collected by mutual insurer; release upon issuance of certificate of authority) 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. § 26-24-112 (2026).

Text

(a)All sums collected by a domestic mutual corporation as premiums or fees on qualifying applications for insurance therein shall be deposited in trust in a bank or trust company in this state under a written trust agreement consistent with this section and with W.S. 26-24-111(c)(iii) and 26-24-113. The corporation shall file an executed copy of the trust agreement with the commissioner.

(b)Upon issuance to the corporation of a certificate of authority as an insurer for the kind of insurance for which the applications were solicited, all funds held in trust become the insurer's funds, and the insurer shall thereafter in due course issue and deliver its policies for which premiums were paid and accepted. The insurance provided by the policies is effective as of the date of the certificate

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(a) All sums collected by a domestic mutual corporation as
premiums or fees on qualifying applications for insurance
therein shall be deposited in trust in a bank or trust company
in this state under a written trust agreement consistent with
this section and with W.S. 26-24-111(c)(iii) and 26-24-113. The
corporation shall file an executed copy of the trust agreement
with the commissioner.
(b) Upon issuance to the corporation of a certificate of
authority as an insurer for the kind of insurance for which the
applications were solicited, all funds held in trust become the
insurer's funds, and the insurer shall thereafter in due course
issue and deliver its policies for which premiums were paid and
accepted. The insurance provided by the policies is effective as
of the date of the certificate of authority or thereafter as the
policies provide.