There is a newer version
of
this Section
2018 Wyoming Statutes
TITLE 26 - INSURANCE CODE
CHAPTER 27 - RECIPROCAL INSURERS
SECTION 26-27-115 - Advances to insurer.
Universal Citation: WY Stat § 26-27-115 (2018)
26-27-115. Advances to insurer.
The attorney or other parties may advance to a domestic reciprocal insurer upon reasonable terms any funds it requires in its operations. Any advanced funds shall not be treated as a liability of the insurer, and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. No withdrawal or repayment shall be made without the commissioner's advance approval. This section does not apply to bank loans or to other loans made upon security.
Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
