Wyoming Statutes
§ 26-27-127 — Distribution of subscribers' share of assets upon liquidation
Upon the liquidation of a domestic reciprocal insurer, its
assets remaining after discharge of its indebtedness and policy
obligations, the return of any contributions of the attorney or
other persons to its surplus made as provided in W.S. 26-27-115,
and the return of any unused premium, savings or credits then
standing on subscribers' accounts, shall be distributed to its
subscribers who were subscribers within the twelve (12) months
immediately prior to the last termination of its certificates of
authority, according to any reasonable formula the commissioner
approves.
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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