2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 26 - FARM MUTUAL PROPERTY INSURERS
SECTION 26-26-103. - Business on assessment plan required.
26-26-103. Business on assessment plan required.
(a) A farm mutual insurer shall not issue insurance except on the assessment plan, depending for the payment of losses and expenses principally upon assessments levied upon members either before or after the losses or expenses are incurred. This provision does not:
(i) Prevent the insurer from collecting from each member an initial amount it deems proper prior to or at the time of carrying out the member's insurance;
(ii) Prohibit the acquisition, accumulation and maintenance of surplus or unallocated funds.
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