§ 26-5-110 — Limit of risk

(a) No insurer, other than a title insurer, shall retain
any risk on any one (1) subject of insurance, regardless of
where located or to be performed, in an amount exceeding ten
percent (10%) of its surplus to policyholders.
(b) A "subject of insurance" for the purposes of this
section, as to insurance against fire and hazards other than
windstorm, earthquake and other catastrophic hazards, includes
all properties insured by the same insurer which are customarily
considered by underwriters to be subject to loss or damage from
the same fire or the same occurrence of any other hazard insured
against.
(c) Reinsurance ceded as authorized by W.S. 26-5-111 shall
be deducted in determining risk retained. As to surety risks,
the amount assumed by any established incorporated cosurety and
the value of any security deposited, pledged or held subject to
the surety's consent and for the surety's protection shall also
be deducted.
(d) As to alien insurers, this section relates only to
risks and surplus to policyholders of the insurer's United
States branch.
(e) "Surplus to policyholders" for the purposes of this
section, in addition to the insurer's capital and surplus,
includes any voluntary reserves which are not required pursuant
to law and shall be determined from the insurer's last sworn
statement on file with the commissioner, or by the last report
of examination of the insurer, whichever is the more recent at
time of assumption of risk.
(f) This section does not apply to life or disability
insurance, annuities, insurance of wet marine and transportation
risks, worker's compensation insurance, employers' liability
coverages nor to any policy or type of coverage as to which the
maximum possible loss to the insurer is not readily
ascertainable on issuance of the policy.
(g) Limits of risk as to newly formed domestic mutual
insurers shall be as provided in W.S. 26-24-109.