§ 26-7-104 — General qualifications for investments

(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.