Wyoming Statutes

§ 26-42-101 — Short title

Wyoming·Title 26 Insurance Code·Ch. 42 WYOMING LIFE AND HEALTH INSURANCE

This chapter is known as the "Wyoming Life and Health Insurance
Guaranty Association Act."

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Wyoming § 26-42-101 (Short title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

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§ 26-42-101

§ 26-42-102

§ 26-42-103

Coverage and limitations

§ 26-42-104

Creation of the association

§ 26-42-105

Board of directors

§ 26-42-106

Powers and duties of the association

§ 26-42-107

§ 26-42-108

Plan of operation

§ 26-42-109

Duties and powers of the commissioner

§ 26-42-110

Prevention of insolvencies

§ 26-42-111

Credits for assessments paid; tax offsets

§ 26-42-112

Assessment liability; records; assets; proceedings against impaired or insolvent insurer

§ 26-42-113

(c) For the purpose of carrying out its obligations under this act, the association is deemed to be a creditor of the impaired or insolvent insurer to the extent of assets attributable to covered policies or contracts reduced by any amounts to which the association is entitled as assignee or subrogee pursuant to W.S. 26-42-106(q). Assets of the impaired or insolvent insurer attributable to covered policies or contracts shall be used to continue all covered policies or contracts and pay all contractual obligations of the impaired or insolvent insurer as required by this act. As used in this subsection, "assets attributable to covered policies or contracts" means that proportion of the assets which the reserves that should have been established for such policies or contracts bear to the reserves that should have been established for all policies or contracts of insurance or health benefits plans written by the impaired or insolvent insurer

§ 26-42-114

§ 26-42-115

Stay of proceedings; reopening default judgments

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