Wyoming Statutes
§ 26-8-104 — Depository
(a)Deposits made in this state under this code shall be
made through and with the commissioner's approval in safe
deposit with an established safe deposit institution, bank or
trust company located in this state and selected by the insurer.
(b)If the deposit is kept in safe deposit, the box or
compartment in which are kept the assets and securities
comprising the deposit shall be placed in a fireproof safe
deposit vault and shall require two (2) distinctly differing
keys to open it. One (1) of the keys shall at all times be kept
by the commissioner and the other key shall at all times be kept
by the insurer. The box or compartment shall not at any time be
opened or remain open except through the joint action and in the
presence of both the commissioner and the insurer's authorized
repres
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Nearby Sections
15
§ 26-8-101
Authorized deposits of insurers§ 26-8-102
Purposes for holding deposits§ 26-8-103
Securities eligible for deposit§ 26-8-104
Depository§ 26-8-105
Custodial arrangements§ 26-8-108
Appraisal of securities deposited§ 26-8-109
When excess deposits may be required§ 26-8-110
Rights of solvent insurer§ 26-8-111
Levy upon deposit§ 26-8-112
Deficiency of deposit; failure to cure§ 26-8-113
Duration and release of deposit§ 26-8-114
Commissioner's liability§ 26-8-201
Definitions