Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers | Midpage

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Wyoming Statutes

Chapter 24

Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers

26-24-101Scope and applicability of chapter 26-24-102Applicability of general corporation statutes; exceptions 26-24-103Incorporation generally 26-24-104Articles of incorporation; generally; filing; approval procedure 26-24-105Articles of incorporation; amendment by stock insurers 26-24-106Articles of incorporation; amendment by mutual insurers 26-24-107Stock of domestic insurer to be paid for in cash; exceptions 26-24-108Domestic insurers to engage in insurance business exclusively; exception as to title insurers 26-24-109Initial requirements of domestic mutual insurers; authorized transactions 26-24-110Bond or deposit required of domestic mutual insurers 26-24-111Applications for domestic mutual insurance; solicitation by licensed agents 26-24-112Deposit in trust of premiums collected by mutual insurer; release upon issuance of certificate of authority 26-24-113Failure of domestic mutual insurer to qualify 26-24-114Additional kinds of insurance mutuals 26-24-115Membership in mutuals 26-24-116Bylaws of mutuals 26-24-117Meetings of members of domestic mutual insurers; where held; annual meeting 26-24-118Meetings of members of domestic mutual insurers; special meetings 26-24-119Voting rights of members of mutual insurers 26-24-120Information to stockholders of domestic stock insurers; proxy regulations 26-24-121Boards of directors 26-24-122Notice of changes of officers and directors 26-24-123Management in national emergency; purpose of emergency provisions 26-24-124Emergency bylaws 26-24-125Emergency provisions in lieu of bylaws 26-24-126Emergency succession of officers; change of home office location 26-24-127Pecuniary interests of officers or directors prohibited 26-24-128Management and exclusive agency contracts 26-24-129Home office records and assets; penalty for removal; out-of-state branch operations 26-24-130Voucher required for disbursements 26-24-131Borrowing by insurers 26-24-132Participating policies 26-24-133Dividends to stockholders 26-24-134Dividends to policyholders of mutual insurer 26-24-135Contingent liability of mutual member generally 26-24-136Levy of contingent liability 26-24-137Enforcement of contingent liability 26-24-138Nonassessable policies 26-24-139Revocation of authority to issue policies without contingent liability 26-24-140Issuance of policies in other states 26-24-141Impairment of capital or assets; generally 26-24-142Impairment of capital or assets; liability of directors for deficiencies 26-24-143Impairment of capital or assets; assessment of stockholders or members 26-24-144Impairment of capital or assets; transfer of shares during impairment 26-24-145Mutualization of stock insurer 26-24-146Converting mutual insurer to stock insurer 26-24-147Merger or consolidation of stock insurers 26-24-148Acquisitions and exchanges in shares of another stock insurer 26-24-149Mutual and stock insurer merger prohibited; merger or consolidation of mutual insurers 26-24-150Bulk reinsurance 26-24-151Mutual members' share of assets upon liquidation