Wyoming Statutes
§ 26-27-115 — Advances to insurer
The attorney or other parties may advance to a domestic
reciprocal insurer upon reasonable terms any funds it requires
in its operations. Any advanced funds shall not be treated as a
liability of the insurer, and, except upon liquidation of the
insurer, shall not be withdrawn or repaid except out of the
insurer's realized earned surplus in excess of its minimum
required surplus. No withdrawal or repayment shall be made
without the commissioner's advance approval. This section does
not apply to bank loans or to other loans made upon security.
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Nearby Sections
15
§ 26-27-101
Definitions§ 26-27-103
Insuring powers§ 26-27-104
Name; power to sue or be sued§ 26-27-105
Attorney deemed not doing business in state;
subscribers and attorney comprise single entity§ 26-27-106
Surplus funds required§ 26-27-107
Organization; declaration§ 26-27-108
Certificate of authority generally§ 26-27-109
Power of attorney§ 26-27-111
Attorney's bond; generally§ 26-27-112
Attorney's bond; deposit instead of bond§ 26-27-114
Service of process; judgments§ 26-27-115
Advances to insurer