Wyoming § 26-24-148 Acquisitions and exchanges in shares of another
stock insurer

Wyoming Statutes

§ 26-24-148 — Acquisitions and exchanges in shares of another stock insurer

Wyoming § 26-24-148

Title 26Insurance Code

Ch. 24ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

This text of Wyoming § 26-24-148 (Acquisitions and exchanges in shares of another stock insurer) 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. § 26-24-148 (2026).

Text

(a)A domestic stock insurer shall not acquire a controlling interest in the shares of another stock insurer by an exchange of securities or partly in exchange for securities and partly for cash or property, unless the insurer first submits the plan for the acquisition and exchange to the commissioner and the commissioner approves the plan.

(b)The commissioner shall not approve a plan of acquisition and exchange unless:

(i)He finds the plan is fair and equitable to all parties concerned;

(ii)He holds a hearing to which all persons to whom it is proposed to issue securities in the exchange have the right to appear;

(iii)Notice is provided and the hearing conducted as provided in chapter 2 of this code.

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(a) A domestic stock insurer shall not acquire a
controlling interest in the shares of another stock insurer by
an exchange of securities or partly in exchange for securities
and partly for cash or property, unless the insurer first
submits the plan for the acquisition and exchange to the
commissioner and the commissioner approves the plan.
(b) The commissioner shall not approve a plan of
acquisition and exchange unless:
(i) He finds the plan is fair and equitable to all
parties concerned;
(ii) He holds a hearing to which all persons to whom
it is proposed to issue securities in the exchange have the
right to appear;
(iii) Notice is provided and the hearing conducted as
provided in chapter 2 of this code.