Wyoming Statutes
§ 26-27-120 — Subscribers' liability; generally
Wyoming § 26-27-120
This text of Wyoming § 26-27-120 (Subscribers' liability; generally) 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. § 26-27-120 (2026).
Text
(a)Except as to a nonassessable policy, the liability of
each subscriber for the reciprocal insurer's obligations is an
individual, several and proportionate liability and not a joint
liability.
(b)Except as to a nonassessable policy, each subscriber
has a contingent assessment liability in the amount provided for
in the power of attorney or in the subscribers' agreement, for
payment of actual losses and expenses incurred while his policy
is in force. The contingent liability may be at the rate of not
less than one (1) nor more than ten (10) times the premium or
premium deposit stated in the policy, and the maximum aggregate
contingent liability shall be computed in the manner set forth
in W.S. 26-27-124.
(c)Each assessable policy the insurer issues shall
contain a statement of the cont
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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 insurerCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 26-27-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/27/26-27-120.