Wyoming Statutes
§ 26-28-126 — Offsets
Wyoming § 26-28-126
This text of Wyoming § 26-28-126 (Offsets) 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. § 26-28-126 (2026).
Text
(a)In all cases of mutual debts or mutual credits between
the insurer and another person in connection with any action or
proceeding under this chapter, the credits and debts shall be
set off and the balance only shall be allowed or paid, except as
provided in subsection (b) of this section.
(b)No offset shall be allowed in favor of any person
specified in subsection (a) of this section if:
(i)The insurer's obligation to that person, at the
date of the entry of any liquidation order or otherwise, as
provided in W.S. 26-28-123, does not entitle him to share as a
claimant in the insurer's assets;
(ii)The insurer's obligation to that person is
purchased by or transferred to that person with a view of its
being used as an offset; or
(iii)The obligation of that person is to pay an
assessme
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Nearby Sections
15
§ 26-28-101
Definitions§ 26-28-102
Delinquency proceedings; jurisdiction; venue;
change of venue; exclusiveness of remedy; appeal§ 26-28-103
Delinquency proceedings; commencement§ 26-28-104
Injunctions§ 26-28-106
Grounds for receivership; liquidation§ 26-28-109
Order of rehabilitation§ 26-28-110
Order of liquidation§ 26-28-115
Claims against foreign insurersCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 26-28-126, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/28/26-28-126.