Wyoming § 26-7-114 Disposal of ineligible investments; failure to
dispose; disposal of ineligible investments unlawfully acquired

Wyoming Statutes

§ 26-7-114 — Disposal of ineligible investments; failure to dispose; disposal of ineligible investments unlawfully acquired

Wyoming·Title 26 Insurance Code·Ch. 7 INVESTMENTS

(a)Any real property, personal property or securities lawfully acquired and held by an insurer after expiration of the period for disposal thereof or any extension of that period as provided in W.S. 26-7-107(a)(vi) or 26-7-107(a)(vii), shall not be allowed as an insurer's asset.

(b)An insurer shall immediately dispose of any ineligible investment unlawfully acquired. The commissioner shall suspend or revoke the insurer's certificate of authority if the insurer fails to dispose of the investment within any reasonable time the commissioner, by order, specifies.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Any real property, personal property or securities
lawfully acquired and held by an insurer after expiration of the
period for disposal thereof or any extension of that period as
provided in W.S. 26-7-107(a)(vi) or 26-7-107(a)(vii), shall not
be allowed as an insurer's asset.
(b) An insurer shall immediately dispose of any ineligible
investment unlawfully acquired. The commissioner shall suspend
or revoke the insurer's certificate of authority if the insurer
fails to dispose of the investment within any reasonable time
the commissioner, by order, specifies.

Wyoming § 26-7-114 (Disposal of ineligible investments; failure to dispose; disposal of ineligible investments unlawfully acquired) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.