2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 26 - FARM MUTUAL PROPERTY INSURERS
SECTION 26-26-127. - Assessment of insured property; when to be made.
26-26-127. Assessment of insured property; when to be made.
(a) If any loss exceeds in amount the insurer's available funds, the secretary shall make an assessment on all of the property the insurer insures.
(b) The insurer may:
(i) Provide in its bylaws for assessments at stated intervals only; and
(ii) Provide that all assessments shall be made by the board of directors, but that no assessment shall be made until a loss occurs, unless authorized by vote of not less than two-thirds (2/3) of the members of the insurer's board of directors.
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