Wyoming § 26-3-108 Capital and surplus requirements

Wyoming Statutes

§ 26-3-108 — Capital and surplus requirements

Wyoming § 26-3-108

Title 26Insurance Code

Ch. 3AUTHORIZATION OF INSURERS AND

This text of Wyoming § 26-3-108 (Capital and surplus requirements) 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. § 26-3-108 (2026).

Text

(a)To qualify for authority to transact any kind of insurance as defined in chapter 5 or combination of kinds of insurance as specified in this subsection, a foreign insurer, or a domestic stock insurer applying for its certificate of authority, shall possess and thereafter maintain unimpaired basic paid-in capital stock and surplus, if a stock insurer, or unimpaired basic surplus, if a foreign mutual insurer or foreign reciprocal insurer, in an amount not less than as follows: Foreign Foreign Kind or Mutual Reciprocal kinds of Stock Insurers Insurers Insurers insurance Capital Stock Surplus Surplus Surplus ________________________________________________________________ Life $1,000,000. $500,000. $1,500,000. Disability 1,000,000. 500,000. 1,500,000. 1,500,000. Life & Disability 1,000,000

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(a) To qualify for authority to transact any kind of
insurance as defined in chapter 5 or combination of kinds of
insurance as specified in this subsection, a foreign insurer, or
a domestic stock insurer applying for its certificate of
authority, shall possess and thereafter maintain unimpaired
basic paid-in capital stock and surplus, if a stock insurer, or
unimpaired basic surplus, if a foreign mutual insurer or foreign
reciprocal insurer, in an amount not less than as follows:
Foreign Foreign
Kind or Mutual Reciprocal
kinds of Stock Insurers Insurers Insurers
insurance Capital Stock Surplus Surplus Surplus
________________________________________________________________
Life $1,000,000. $500,000. $1,500,000.
Disability 1,000,000. 500,000. 1,500,000.
1,500,000.
Life &
Disability 1,000,000. 1,000,000. 2,000,000.
Property 1,000,000. 1,000,000. 2,000,000.
2,000,000.
Casualty
Excluding
Surety 1,000,000. 1,000,000. 2,000,000.
2,000,000.
Including
Surety 1,000,000. 1,500,000. 2,500,000.
2,500,000.
Marine &
Transportation 1,000,000. 1,000,000. 2,000,000.
2,000,000.
Multiple
line
(Property
and any
additional
kind) 2,000,000. 2,000,000. 4,000,000.
4,000,000.
Title 500,000. 250,000.
(b) Capital and surplus requirements are based upon all
the kinds of insurance the insurer transacts in any areas in
which it operates or proposes to operate, whether or not only a
portion of the kinds are to be transacted in Wyoming.
(c) As to surplus required for qualification to transact
one (1) or more kinds of insurance and thereafter to be
maintained, domestic mutual insurers are governed by chapter 24
of this code and domestic reciprocal insurers are governed by
chapter 27 of this code.
(d) The commissioner may require additional capital and
surplus above the minimum capital and surplus requirements set
forth in this section, or any other section of this code based
upon the type, volume and nature of the insurance business
transacted.