Wyoming § 26-28-106 Grounds for receivership; liquidation

Wyoming Statutes

§ 26-28-106 — Grounds for receivership; liquidation

Wyoming § 26-28-106

Title 26Insurance Code

Ch. 28REHABILITATION AND LIQUIDATION

This text of Wyoming § 26-28-106 (Grounds for receivership; liquidation) 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. § 26-28-106 (2026).

Text

(a)The commissioner may apply to the court for an order appointing him as receiver, if his appointment as receiver is not then in effect, and directing him to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing him to rehabilitate the insurer, upon any of the grounds specified in W.S. 26-28-105, or if the insurer:

(i)Does not transact business for a period of one

(1)year; or

(ii)Is insolvent and has commenced voluntary liquidation or dissolution or attempts to:

(A)Commence or prosecute any action or proceeding to liquidate its business or affairs;

(B)Dissolve its corporate charter; or

(C)Procure the appointment of a receiver, trustee,

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(a) The commissioner may apply to the court for an order
appointing him as receiver, if his appointment as receiver is
not then in effect, and directing him to liquidate the business
of a domestic insurer or of the United States branch of an alien
insurer having trusteed assets in this state, regardless of
whether or not there has been a prior order directing him to
rehabilitate the insurer, upon any of the grounds specified in
W.S. 26-28-105, or if the insurer:
(i) Does not transact business for a period of one
(1) year; or
(ii) Is insolvent and has commenced voluntary
liquidation or dissolution or attempts to:
(A) Commence or prosecute any action or
proceeding to liquidate its business or affairs;
(B) Dissolve its corporate charter; or
(C) Procure the appointment of a receiver,
trustee, custodian or sequestrator under any law except this
code.