Wyoming § 26-7-110 Miscellaneous loans and investments

Wyoming Statutes

§ 26-7-110 — Miscellaneous loans and investments

Wyoming § 26-7-110

Title 26Insurance Code

Ch. 7INVESTMENTS

This text of Wyoming § 26-7-110 (Miscellaneous loans and 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. § 26-7-110 (2026).

Text

(a)An insurer may make loans or investments not otherwise expressly permitted under this chapter, in aggregate amounts not over five percent (5%) of the insurer's admitted assets and not over one percent (1%) of those assets as to any one loan or investment, if the loan or investment fulfills the requirements of W.S. 26-7-103 and otherwise qualifies as a sound investment. An insurer with one hundred million dollars ($100,000,000.00) or more in surplus and a total adjusted capital that is at least five (5) times its authorized control level risk-based capital may make loans or investments not otherwise expressly permitted under this chapter, in aggregate amounts not over ten percent (10%) of the insurer's admitted assets and not over two percent (2%) of those assets as to any one (1) loan

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(a) An insurer may make loans or investments not otherwise
expressly permitted under this chapter, in aggregate amounts not
over five percent (5%) of the insurer's admitted assets and not
over one percent (1%) of those assets as to any one loan or
investment, if the loan or investment fulfills the requirements
of W.S. 26-7-103 and otherwise qualifies as a sound investment.
An insurer with one hundred million dollars ($100,000,000.00) or
more in surplus and a total adjusted capital that is at least
five (5) times its authorized control level risk-based capital
may make loans or investments not otherwise expressly permitted
under this chapter, in aggregate amounts not over ten percent
(10%) of the insurer's admitted assets and not over two percent
(2%) of those assets as to any one (1) loan or investment, if
the loan or investment fulfills the requirements of W.S. 26-7-
103 and otherwise qualifies as a sound investment. For all
insurers, no such loan or investment shall be represented by:
(i) Any item excluded under W.S. 26-6-102 or any loan
or investment otherwise expressly prohibited;
(ii) Agents' balances or amounts advanced to or owing
by agents, except as to policy loans, mortgage loans and
collateral loans otherwise authorized under this chapter;
(iii) Any category of loans or investments expressly
eligible under any other provisions of this chapter;
(iv) Any asset theretofore acquired or held by the
insurer under any other category of loans or investments
eligible under this chapter.
(b) An insurer may make loans to industrial development
corporations under the laws of this state in an amount not
exceeding the limits set forth in W.S. 17-11-106(b)(iii).
(c) The insurer shall keep a separate record of all loans
and investments made under this section.