Wyoming § 26-24-139 Revocation of authority to issue policies
without contingent liability

Wyoming Statutes

§ 26-24-139 — Revocation of authority to issue policies without contingent liability

Wyoming § 26-24-139

Title 26Insurance Code

Ch. 24ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

This text of Wyoming § 26-24-139 (Revocation of authority to issue policies without contingent liability) 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. § 26-24-139 (2026).

Text

(a)The commissioner shall revoke the authority of a domestic mutual insurer to issue policies without contingent liability if:

(i)At any time the insurer's assets are less than the sum of its liabilities and the surplus required for authority; or

(ii)The insurer, by resolution of its board of directors approved by a majority of its members, requests that the authority be revoked.

(b)Without authority the insurer shall not:

(i)Issue any policy without providing therein for the policyholder's contingent liability; or

(ii)Renew any policy which is then in force without endorsing that policy to provide for contingent liability.

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(a) The commissioner shall revoke the authority of a
domestic mutual insurer to issue policies without contingent
liability if:
(i) At any time the insurer's assets are less than
the sum of its liabilities and the surplus required for
authority; or
(ii) The insurer, by resolution of its board of
directors approved by a majority of its members, requests that
the authority be revoked.
(b) Without authority the insurer shall not:
(i) Issue any policy without providing therein for
the policyholder's contingent liability; or
(ii) Renew any policy which is then in force without
endorsing that policy to provide for contingent liability.