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Wyoming Statutes Title 26. Insurance Code § 26-24-142. Impairment of capital or assets; liability of directors for deficiencies

Current as of January 01, 2024 | Updated by Findlaw Staff

If the insurer fails to cure the deficiency within the period allowed therefor under W.S. 26-24-141, the insurer's directors are personally liable for payment of any losses or insurance benefits on new insurance risks the insurer assumes after expiration of the period, unless the insurer's certificate of authority is thereafter reinstated.

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Cite this article: FindLaw.com - Wyoming Statutes Title 26. Insurance Code § 26-24-142. Impairment of capital or assets; liability of directors for deficiencies - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-26-insurance-code/wy-st-sect-26-24-142/

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