Wyoming § 26-7-113 Disposal of ineligible investments; time limit
for disposal

Wyoming Statutes

§ 26-7-113 — Disposal of ineligible investments; time limit for disposal

Wyoming § 26-7-113

Title 26Insurance Code

Ch. 7INVESTMENTS

This text of Wyoming § 26-7-113 (Disposal of ineligible investments; time limit for disposal) 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. § 26-7-113 (2026).

Text

Any personal property or securities lawfully acquired by an
insurer which it could not otherwise have invested in or loaned
its funds upon at the time of the acquisition, shall be disposed
of within three (3) years from date of acquisition unless within
that period the security becomes an eligible investment, except
that any security or personal property acquired under any
agreement of bulk reinsurance, merger or consolidation may be
retained for a longer period if so provided in the plan for
reinsurance, merger or consolidation as the commissioner
approves under chapter 24 of this code. Upon the insurer's
application and proof that forced sale of any such property or
security would materially injure its interests, the commissioner
may extend the disposal period for an additional reasonabl

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Any personal property or securities lawfully acquired by an
insurer which it could not otherwise have invested in or loaned
its funds upon at the time of the acquisition, shall be disposed
of within three (3) years from date of acquisition unless within
that period the security becomes an eligible investment, except
that any security or personal property acquired under any
agreement of bulk reinsurance, merger or consolidation may be
retained for a longer period if so provided in the plan for
reinsurance, merger or consolidation as the commissioner
approves under chapter 24 of this code. Upon the insurer's
application and proof that forced sale of any such property or
security would materially injure its interests, the commissioner
may extend the disposal period for an additional reasonable
time.