2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 26 - FARM MUTUAL PROPERTY INSURERS
SECTION 26-26-114. - Membership; withdrawal of members; cancellation of policies.

WY Stat § 26-26-114. (2015) What's This?

26-26-114. Membership; withdrawal of members; cancellation of policies.

(a) Any member of the insurer may withdraw his membership at any time while the insurer's certificate of authority is in force by:

(i) Surrendering his policy to the insurer for cancellation;

(ii) Giving notice in writing to the insurer's secretary; and

(iii) Paying all obligations he owes to the insurer, together with a cancellation fee, not to exceed one dollar ($1.00), if provided for in the bylaws.

(b) The insurer may cancel the policy of any member for any cause it deems adequate and upon not less than ten (10) days written notice in advance of cancellation delivered to the member or mailed to his address last of record with the insurer. Upon cancellation or other termination of all his policies in the insurer, the membership of the former insured in the insurer terminates, but the termination does not affect rights or liabilities incurred during or because of membership.

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