§ 26-28-101 — Definitions

(a) As used in this chapter:
(i) "Ancillary state" means any state other than a
domiciliary state;
(ii) "Delinquency proceeding" means any proceeding
commenced against an insurer pursuant to this chapter for the
purpose of liquidating, rehabilitating, reorganizing or
conserving the insurer;
(iii) "Domiciliary state" means the state in which an
insurer is incorporated or organized, or in the case of an
insurer incorporated or organized in a foreign country, the
state in which the insurer, being authorized to do business
therein, has at the commencement of delinquency proceedings, the
largest amount of its assets held in trust and assets held on
deposit for the benefit of its policyholders or policyholders
and creditors in the United States, and that insurer is deemed
to be domiciled in that state;
(iv) "Foreign country" means territory not in any
state;
(v) "General assets" means:
(A) All property not specifically mortgaged,
pledged, deposited or otherwise encumbered for the security or
benefit of specified persons or limited classes of persons and
as to any specifically encumbered property, all such property or
its proceeds in excess of the amount necessary to discharge the
sums secured thereby; and
(B) Assets held in trust and assets held on
deposit for the security or benefit of all policyholders or all
policyholders and creditors in the United States.
(vi) "Impairment" or "insolvency" means that an
insurer does not possess assets at least equal to all
liabilities and required reserves together with its total issued
and outstanding capital stock if a stock insurer, or the minimum
surplus if a mutual or reciprocal insurer required by this code
to be maintained for the kinds of insurance it is then
authorized to transact and the capital or surplus is deemed
impaired and the insurer is deemed insolvent;
(vii) "Insurer" means any person, firm, corporation,
association or aggregation of persons doing an insurance
business and subject to the insurance supervisory authority of,
or to liquidation, rehabilitation, reorganization or
conservation by the commissioner or the equivalent insurance
supervisory official of another state, including health
organizations regulated under W.S. 26-48-201 through 26-48-212;
(viii) "Preferred claim" means any claim with respect
to which the law of the state or of the United States accords
priority of payments from the insurer's general assets;
(ix) "Receiver" means receiver, liquidator,
rehabilitator or conservator as the context requires;
(x) "Reciprocal state" means any state other than
this state in which in substance and effect the provisions of
the Uniform Insurers Liquidation Act, as defined in W.S.
26-28-119, are in force, including the provisions requiring that
the commissioner of insurance or equivalent supervisory official
be the receiver of a delinquent insurer;
(xi) "Secured claim" means:
(A) Any claim secured by mortgage, trust deed,
pledge, deposit as security, escrow or otherwise, but not
including special deposit claim or claims against general
assets; and
(B) Claims which more than four (4) months prior
to the commencement of delinquency proceeding in the state of
the insurer's domicile have become liens upon specific assets by
reason of judicial process.
(xii) "Special deposit claim" means any claim secured
by a deposit made pursuant to statute for the security or
benefit of a limited class of persons, but not including any
general assets;
(xiii) "State" means any state of the United States,
the District of Columbia and Puerto Rico.