2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 26 - FARM MUTUAL PROPERTY INSURERS
SECTION 26-26-102. - Insuring powers generally; limitations.

WY Stat § 26-26-102. (2015) What's This?

26-26-102. Insuring powers generally; limitations.

(a) The insurer shall insure only:

(i) Against loss or damage by fire or other contingencies usually covered under extended coverage endorsements; and

(ii) Rural property consisting of dwellings, buildings, including the usual contents therein, livestock, machinery, vehicles, growing crops and other rural property owned by a member of the insurer or by his spouse.

(b) The insurer may issue policies for any length of time within the duration of its charter.

(c) The insurer shall not insure any property:

(i) Situated outside this state or within the incorporated limits of any city or town; or

(ii) For more than three-fourths (3/4) of its actual value.

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