§ 26-29-229 — Foreign or alien society; admission

Wyoming § 26-29-229

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 29: FRATERNAL BENEFIT SOCIETIES

Text

(a) No foreign or alien society shall transact business in
this state without a license issued by the commissioner. Any
foreign or alien society desiring admission to this state shall
comply substantially with the requirements and limitations of
this chapter applicable to domestic societies and may be
licensed to transact business in this state upon filing with the
commissioner:
(i) A duly certified copy of its articles of
incorporation;
(ii) A copy of its bylaws, certified by its secretary
or corresponding officer;
(iii) A power of attorney to the commissioner as
prescribed in W.S. 26-29-235;
(iv) A statement of its business under oath of its
president and secretary or corresponding officers in a form
prescribed by the commissioner, duly verified by an examination
made by the supervising insurance official of its home state or
other state, territory, province or country, satisfactory to the
commissioner of this state;
(v) Certification from the proper official of its
home state, territory, province or country that the society is
legally incorporated and licensed to transact business therein;
(vi) Copies of its certificate forms;
(vii) A written statement showing that its assets are
invested in accordance with the provisions of this chapter; and
(viii) Other information as the commissioner deems
necessary.
(b) Any foreign or alien society desiring admission to the
state shall have the qualifications required of domestic
societies organized under this chapter.