§ 26-8-105 — Custodial arrangements

(a) Instead of deposit into safe deposit as provided in
W.S. 26-8-104, upon the insurer's written request the
commissioner may permit the insurer to make and maintain the
deposit under custodial arrangements with the trust department
of an established bank located in Wyoming.
(b) With the commissioner's written advance approval, the
insurer may deposit certain of its securities under custodial
arrangements with an established bank or trust company located
outside this state, if the custodial bank or trust company
issues original receipts for those securities and they are held
in safe deposit or custody subject to the requirements of W.S.
26-8-104(b) or subsection (a) of this section.
(c) The form and terms of all such custodial arrangements
shall be as the commissioner prescribes or approves consistent
with the applicable provisions of this code [title 26].
(d) The insurer shall bear the costs of custodial
arrangements.