Wyoming § 26-24-142 Impairment of capital or assets; liability of
directors for deficiencies

Wyoming Statutes

§ 26-24-142 — Impairment of capital or assets; liability of directors for deficiencies

Wyoming·Title 26 Insurance Code·Ch. 24 ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

If the insurer fails to cure the deficiency within the period
allowed therefor under W.S. 26-24-141, the insurer's directors
are personally liable for payment of any losses or insurance
benefits on new insurance risks the insurer assumes after
expiration of the period, unless the insurer's certificate of
authority is thereafter reinstated.

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