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2019 Wyoming Statutes
Title 26 - Insurance Code
Chapter 16 - Life Insurance and Annuity Contracts
Article 2 - Standard Nonforfeiture Law
Section 26-16-204 - Paid-Up Nonforfeiture Benefits.
Universal Citation:
WY Stat § 26-16-204 (2019)
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26-16-204. Paid-up nonforfeiture benefits.
Any paid-up nonforfeiture benefit available under the policy in case of default in a premium payment due on any policy anniversary shall be such that its present value as of the anniversary shall be at least equal to the cash surrender value then provided by the policy or, if none is provided, that cash surrender value which would have been required by this article in the absence of the condition that premiums be paid for at least a specified period.
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