Wyoming § 26-16-204 Paid-up nonforfeiture benefits

Wyoming Statutes

§ 26-16-204 — Paid-up nonforfeiture benefits

Wyoming § 26-16-204

Title 26Insurance Code

Ch. 16LIFE INSURANCE AND ANNUITY CONTRACTS

This text of Wyoming § 26-16-204 (Paid-up nonforfeiture benefits) 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. § 26-16-204 (2026).

Text

Any paid-up nonforfeiture benefit available under the policy in
case of default in a premium payment due on any policy
anniversary shall be such that its present value as of the
anniversary shall be at least equal to the cash surrender value
then provided by the policy or, if none is provided, that cash
surrender value which would have been required by this article
in the absence of the condition that premiums be paid for at
least a specified period.

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

Any paid-up nonforfeiture benefit available under the policy in
case of default in a premium payment due on any policy
anniversary shall be such that its present value as of the
anniversary shall be at least equal to the cash surrender value
then provided by the policy or, if none is provided, that cash
surrender value which would have been required by this article
in the absence of the condition that premiums be paid for at
least a specified period.