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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Upon application by the commissioner for an order to show cause, or at any time thereafter, the court, without notice, may issue an injunction restraining the insurer, its officers, directors, stockholders, members, subscribers, agents and all other persons from the transaction of its business or the waste or disposition of its property until further court order.
(b) The court, at any time during a proceeding under this chapter, may issue any other injunctions or orders deemed necessary to prevent interference with the:
(i) Commissioner or the proceeding;
(ii) Waste of the insurer's assets;
(iii) Commencement or prosecution of any actions;
(iv) Obtaining of preferences, judgments, attachments or other liens; or
(v) Making of any levy against the insurer or against its assets or any part thereof.
(c) Notwithstanding any other provision of law, no bond is required of the commissioner as a prerequisite for the issuance of any injunction or restraining order pursuant to this section.
Cite this article: FindLaw.com - Wyoming Statutes Title 26. Insurance Code § 26-28-104. Injunctions - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-26-insurance-code/wy-st-sect-26-28-104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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