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2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 7 - INVESTMENTS
SECTION 26-7-114. - Disposal of ineligible investments; failure to dispose; disposal of ineligible investments unlawfully acquired.

WY Stat § 26-7-114. (2015) What's This?

26-7-114. Disposal of ineligible investments; failure to dispose; disposal of ineligible investments unlawfully acquired.

(a) Any real property, personal property or securities lawfully acquired and held by an insurer after expiration of the period for disposal thereof or any extension of that period as provided in W.S. 26-7-107(a)(vi) or 26-7-107(a)(vii), shall not be allowed as an insurer's asset.

(b) An insurer shall immediately dispose of any ineligible investment unlawfully acquired. The commissioner shall suspend or revoke the insurer's certificate of authority if the insurer fails to dispose of the investment within any reasonable time the commissioner, by order, specifies.

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