2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 24 - ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL - RESERVE STOCK AND MUTUAL INSURERS
SECTION 26-24-113. - Failure of domestic mutual insurer to qualify.
26-24-113. Failure of domestic mutual insurer to qualify.
If the proposed domestic insurer fails to complete its organization and to secure its original certificate of authority within one (1) year from the date of its certificate of incorporation, its corporate powers cease, and the commissioner shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under W.S. 26-24-112.
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