Wyoming Statutes
§ 26-8-109 — When excess deposits may be required
(a)If assets deposited by an insurer under this chapter
are subject to material fluctuations in market value, the
commissioner may require the insurer to deposit and maintain on
deposit additional assets in an amount reasonably necessary to
assure that the deposit at all times has a market value of not
less than the amount specified under the law by which the
deposit is required.
(b)An insurer not required to make additional deposits
may deposit assets in an amount exceeding its deposit required
or otherwise permitted under this code by not more than twenty
percent (20%) of the required or permitted deposit, or twenty
thousand dollars ($20,000.00), whichever is larger, for the
purpose of absorbing fluctuations in the value of assets
deposited and to facilitate exchange and substitution o
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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