Wyoming § 26-7-104 General qualifications for investments

Wyoming Statutes

§ 26-7-104 — General qualifications for investments

Wyoming § 26-7-104

Title 26Insurance Code

Ch. 7INVESTMENTS

This text of Wyoming § 26-7-104 (General qualifications for investments) 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. § 26-7-104 (2026).

Text

(a)No security or investment, other than property acquired under W.S. 26-7-107(a)(xiii), is eligible for acquisition unless it is interest bearing or interest accruing or dividend or income paying, is not then in default and the insurer is entitled to receive for its exclusive account and benefit the interest or income accruing thereon. Any stock or digital security as defined by W.S. 34-29-101(a)(iii) which has the ability to appreciate in value shall be considered to be income paying for purposes of this subsection.

(b)No security or investment is eligible for purchase at a price above its market value.

(c)Nothing in this chapter prohibits an insurer from acquiring other or additional securities or property if received as a dividend or as a lawful distribution of assets, or under a la

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(a) No security or investment, other than property
acquired under W.S. 26-7-107(a)(xiii), is eligible for
acquisition unless it is interest bearing or interest accruing
or dividend or income paying, is not then in default and the
insurer is entitled to receive for its exclusive account and
benefit the interest or income accruing thereon. Any stock or
digital security as defined by W.S. 34-29-101(a)(iii) which has
the ability to appreciate in value shall be considered to be
income paying for purposes of this subsection.
(b) No security or investment is eligible for purchase at
a price above its market value.
(c) Nothing in this chapter prohibits an insurer from
acquiring other or additional securities or property if received
as a dividend or as a lawful distribution of assets, or under a
lawful and bona fide agreement of bulk reinsurance, merger or
consolidation. Any investment so acquired which is not otherwise
eligible under this chapter shall be disposed of pursuant to
W.S. 26-7-112 if real property, or pursuant to W.S. 26-7-113 if
personal property or securities.