2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 26 - FARM MUTUAL PROPERTY INSURERS
SECTION 26-26-119. - Profits or dividends prohibited; reserves.

WY Stat § 26-26-119. (2015) What's This?

26-26-119. Profits or dividends prohibited; reserves.

The insurer shall not accumulate profits or pay any dividends. This provision does not prohibit an insurer from accumulating and maintaining voluntary reserves for any purposes and in any reasonable amounts. Limitations upon any reserve accumulations and the purposes thereof may be provided for in the insurer's bylaws.

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