reglab/housing_qa huggingface dataset:
WY Stat § 26-21-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-103 - Forms of Credit Life and Credit Disability Insurance.

26-21-103. Forms of credit life and credit disability insurance.| (a) Credit life insurance and credit disability insurance shall be issued only in the following forms:  (i) Individual policies of life insurance issued to debtors on the term plan;  (ii) Individual policies of disability insurance issued to debtors on a term plan, or disability benefit provisions in individual policies of credit life insurance;  (iii) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;  (iv) Group policies of disability insurance issued to creditors on a term plan insuring debtors, or disability benefit provisions in group credit life insurance policies to provide disability coverage.
WY Stat § 26-21-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-104 - Amount of Credit Life Insurance.

26-21-104. Amount of credit life insurance.| (a) The initial amount of credit life insurance shall not exceed the total amount repayable under the contract of indebtedness.  (b) If an indebtedness is repayable in substantially equal installments, the amount of insurance shall not exceed the scheduled or actual amount of unpaid indebtedness, whichever is greater.  (c) Notwithstanding subsections (a) and (b) of this section, insurance on agricultural credit transactions not exceeding two (2) years in duration may be written up to the amount of the loan commitment on a nondecreasing or level term plan.  (d) Notwithstanding any other provision of law, insurance on educational credit transaction commitments may be written for the amount of the portion of that commitment that the creditor has not advanced.
WY Stat § 26-21-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-105 - Credit Disability Insurance.

26-21-105. Credit disability insurance.| The total amount of indemnity payable by credit disability insurance in case of disability, as defined in the policy, shall not exceed the aggregate of the periodic scheduled unpaid installments of the indebtedness, and the amount of each periodic indemnity payment shall not exceed the original indebtedness divided by the number of periodic installments.
WY Stat § 26-21-106 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-106 - Term of Insurance.

26-21-106. Term of insurance.| (a) The term of any credit life insurance or credit disability insurance, subject to the insurer's acceptance, commences on the date when the debtor becomes obligated to the creditor, or the date when the debtor applies for the insurance, whichever is later, except that if a group policy provides coverage with respect to the existing obligations, the insurance on a debtor with respect to the indebtedness commences on the effective date of the policy.  (b) If evidence of insurability is required and that evidence is furnished more than thirty (30) days after the date when the debtor becomes obligated to the creditor, the term of the insurance may commence on the date on which the insurer determines the evidence to be satisfactory, and in that case there shall be an appropriate refund or adjustment of any charge to the debtor for insurance. The term of the insurance shall not extend more than fifteen (15) days beyond the scheduled maturity date of the indebtedness except when extended without additional cost to the debtor.  (c) If the indebtedness is discharged because of renewal or refinancing prior to the scheduled maturity date, the insurance in force shall be terminated before any new insurance may be issued in connection with the renewed or refinanced indebtedness.  (d) In all cases of termination prior to scheduled maturity, a refund shall be paid or credited as provided in W.S. 26-21-109.
WY Stat § 26-21-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-108 - Filing of Policies With Commissioner; Approval or Disapproval; Withdrawal of Approval.

26-21-108. Filing of policies with commissioner; approval or disapproval; withdrawal of approval.| (a) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered or issued for delivery in this state and the schedule of premium rates pertaining thereto shall be filed with the commissioner.  (b) The commissioner, within thirty (30) days after the filing of any such policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders, shall disapprove any such form if the premium rates charged or to be charged are excessive in relation to benefits, or if it contains provisions which are unjust, unfair, inequitable, misleading, deceptive or encourage misrepresentation of the coverage, or are contrary to any provision of this code or of any rule or regulation promulgated under this code. In determining whether to disapprove any form the commissioner shall consider past and prospective loss experience within and outside this state, underwriting practice and judgment to the extent appropriate and any other relevant factors within and outside this state.  (c) If the commissioner notifies the insurer that the form is disapproved, it is unlawful for the insurer to issue or use that form. The commissioner shall specify in the notice the reason for his disapproval and state that a hearing will be granted within twenty (20) days after request in writing by the insurer. No policy, certificate of insurance, notice of proposed insurance, application, endorsement or rider shall be issued or used until the expiration of thirty (30) days after it is filed, unless the commissioner gives his prior written approval thereto.  (d) The commissioner, at any time after a hearing held not less than twenty (20) days after written notice to the insurer, may withdraw his approval of any form on any ground set forth in subsection (b) of this section. The written notice of hearing shall state the reason for the proposed withdrawal.  (e) The insurer shall not issue or use any form after the effective date of withdrawal.  (f) If a group policy of credit life insurance or credit disability insurance is delivered in another state, the insurer shall file only the group certificate and notice of proposed insurance delivered or issued for delivery in this state as specified in W.S. 26-21-107(b) and (d). The commissioner shall approve the forms if they conform with the requirements specified in W.S. 26-21-107(b) and (d) and if the schedules of premium rates applicable to the insurance evidenced by the certificate or notice are not in excess of the insurer's schedules of premium rates filed with the commissioner.
WY Stat § 26-21-109 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-109 - Schedules of Premiums; Refunds.

26-21-109. Schedules of premiums; refunds.| (a) Any insurer may revise its schedules of premium rates and shall file the revised schedules with the commissioner. No insurer shall issue any credit life insurance or credit disability insurance policy for which the premium rate exceeds that determined by the insurer's schedules then on file with the commissioner.  (b) Each individual policy or group certificate shall provide that if the insurance is terminated prior to the scheduled maturity date of the indebtedness, any refund of an amount paid by the debtor for insurance shall be paid or credited promptly to the person entitled thereto. The commissioner shall prescribe a minimum refund and no refund less than the minimum need be made. The formula to be used in computing the refund shall be filed with and approved by the commissioner.  (c) If a creditor requires a debtor to make any payment for credit life insurance or credit disability insurance and an individual policy or group certificate of insurance is not issued, the creditor shall immediately give written notice to the debtor and shall promptly make an appropriate credit to the account.  (d) The amount charged to a debtor for any credit life or credit disability insurance shall not exceed the premiums charged by the insurer, as computed at the time the charge to the debtor is determined.
WY Stat § 26-21-110 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-110 - Collection of Premiums.

26-21-110. Collection of premiums.| The insurance premium or other identifiable charge for credit life or credit disability insurance may be collected from the insured or included in the principal of any loan or other transaction at the time the transaction is completed. If included in the principal of the loan or other transaction, a statement that the premium is included in the principal and the amount of the premium shall be legible on the face of the policy or certificate in a size larger than the type used in the body of the policy or certificate.
WY Stat § 26-21-111 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-111 - Premium Not Deemed Interest; Gains to Creditor Not Violation.

26-21-111. Premium not deemed interest; gains to creditor not violation.| The premium or cost of credit life or credit disability insurance when issued through any creditor is not deemed interest or charges, or consideration or an amount in excess of permitted charges in connection with the loan or other credit transaction. Any gain or advantage to the creditor arising out of the premium or commission or dividend from the issuance of the insurance is not a violation of any other law of this state.
WY Stat § 26-21-112 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-112 - Issuance and Delivery of Policies.

26-21-112. Issuance and delivery of policies.| All credit life insurance and credit disability insurance policies shall be delivered or issued for delivery in this state only by an insurer authorized to transact insurance in this state and shall be issued only through holders of licenses or authorizations issued by the commissioner.
WY Stat § 26-21-113 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-113 - Claims.

26-21-113. Claims.| (a) All claims shall be:  (i) Promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files;  (ii) Settled as soon as possible and in accordance with the terms of the insurance contract;  (iii) Paid either by draft drawn upon the insurer or by check of the insurer to the order of the claimant to whom payment of the claim is due pursuant to the policy provisions, or upon direction of the claimant to one specified.  (b) No plan or arrangement shall be used whereby any person other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor shall not be designated as claim representative for the insurer in adjusting claims, except that a group policyholder, by arrangement with the group insurer, may draw drafts or checks in payment of claims due to the group policyholder subject to the insurer's audit and review.
WY Stat § 26-21-114 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 21 - Credit Life and Disability Insurance|Section 26-21-114 - Choice of Debtor to Use Existing Insurance or New Insurance for Additional Security.

26-21-114. Choice of debtor to use existing insurance or new insurance for additional security.| If credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor, upon request to the creditor, has the option of furnishing the required amount of insurance through existing insurance policies which he owns or controls or of procuring and furnishing the required coverage through any insurer authorized to transact insurance within this state.
WY Stat § 26-24-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-101 - Scope and Applicability of Chapter.

26-24-101. Scope and applicability of chapter.| This chapter applies only to domestic stock insurers and domestic mutual insurers transacting or proposing to transact insurance on the cash premium or legal reserve plan, except that W.S. 26-24-115, 26-24-130 and 26-24-136 also apply to foreign and alien insurers.
WY Stat § 26-24-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-102 - Applicability of General Corporation Statutes; Exceptions.

26-24-102. Applicability of general corporation statutes; exceptions.| (a) The applicable provisions of the Wyoming Business Corporation Act apply to domestic stock and domestic mutual insurers, except as in conflict with the express provisions of this code and the reasonable implications thereof.  (b) Domestic stock insurers and domestic mutual insurers are exempt from the provisions of W.S. 17-16-1630 and 17-16-1720(e).
WY Stat § 26-24-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-103 - Incorporation Generally.

26-24-103. Incorporation generally.| (a) This section applies to stock and mutual insurers incorporated in this state.  (b) Five (5) or more individuals may incorporate a stock insurer. Ten (10) or more individuals may incorporate a mutual insurer. At least a majority of the incorporators shall be citizens of the United States. At least a majority of the incorporators shall be residents of this state.  (c) The incorporators shall sign and verify in triplicate articles of incorporation in accordance with the applicable provisions of the Wyoming Business Corporation Act, but subject to the following requirements:  (i) The name of the corporation shall comply with W.S. 26-3-106. If a mutual insurer, "mutual" shall be included in the name. An alternative name may be specified for use in jurisdictions in which conflict of name with that of another insurer or organization might otherwise prevent the insurer from being authorized to transact insurance therein;  (ii) The purposes of the corporation shall be limited to the transaction of one (1) or more kinds of insurance, as defined in this code, and the corporation does not have power to engage in any other or additional business, except that a title insurer may engage in the title abstract business and escrow business;  (iii) If a stock corporation, the capital stock must consist entirely of common stock of one (1) uniform class, par value not less than one dollar ($1.00) per share, each outstanding share of which has equal rights in every respect with every other share, and shares without par value shall not be authorized;  (iv) If a mutual corporation, the articles of incorporation shall state the maximum contingent liability of members for payment of losses and expenses incurred, other than as to nonassessable policies issued as permitted under W.S. 26-24-137, but the liability shall not be less than one (1) nor more than six (6) annual premiums for the member's policy;  (v) The corporation's initial board of directors, as provided for in the articles of incorporation, shall consist of not less than five (5) members;  (vi) The articles of incorporation shall specify which, if any, of the incorporators are not citizens of the United States of America or are not residents of this state.
WY Stat § 26-24-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-104 - Articles of Incorporation; Generally; Filing; Approval Procedure.

26-24-104. Articles of incorporation; generally; filing; approval procedure.| (a) The incorporators of a proposed domestic insurer shall deliver the triplicate originals of the articles of incorporation to the commissioner. The commissioner shall deliver one (1) of the originals to the attorney general of this state, and the attorney general shall examine the articles. If the attorney general finds that the articles comply with law, he shall so certify and return the certificate and the original articles of incorporation to the commissioner.  (b) If the attorney general approves the articles of incorporation, the commissioner shall also endorse his approval upon each set of the articles and return them, together with the attorney general's certificate, to the incorporators. The incorporators shall then file one (1) set of the articles of incorporation with the secretary of state, one (1) set with the commissioner bearing the certification of the secretary of state and shall retain the third set in the corporate records. For the filing of articles of incorporation of a mutual insurer, the secretary of state shall charge and collect a filing fee of twenty-five dollars ($25.00), which shall be credited to the general fund.  (c) If the attorney general finds that the proposed articles do not comply with the law, he shall refuse to approve them and shall return the set thereof to the commissioner, together with a written statement of the respects in which he finds the articles do not comply. The commissioner shall then return all sets of the proposed articles to the proposed incorporators together with the attorney general's written statement.  (d) The secretary of state shall not permit the filing in that office of any articles of incorporation unless they bear the commissioner's approval endorsed thereon as provided in subsection (b) of this section.  (e) The approval of the attorney general or commissioner relates only to the form and contents of the articles of incorporation and does not constitute approval or commitment as to any other aspect or operation of the proposed insurer.  (f) The attorney general and the commissioner shall perform all duties required of them under this section within a reasonable time after the articles of incorporation have been submitted to the commissioner as provided in subsection (a) of this section.
WY Stat § 26-24-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-105 - Articles of Incorporation; Amendment by Stock Insurers.

26-24-105. Articles of incorporation; amendment by stock insurers.| (a) A domestic stock insurer may amend its articles of incorporation for any lawful purpose through the same procedures prescribed in the Wyoming Business Corporation Act as for business corporations in general.  (b) Triplicate originals of articles of amendment shall be delivered to the commissioner and are subject to the same examination, certification, approval and filing procedures as provided under W.S. 26-24-104.
WY Stat § 26-24-106 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-106 - Articles of Incorporation; Amendment by Mutual Insurers.

26-24-106. Articles of incorporation; amendment by mutual insurers.| (a) A domestic mutual insurer may amend its articles of incorporation for any lawful purpose by affirmative vote of a majority of the members present or represented by proxy at any regular annual meeting of its members, or at any special meeting of members called for the purpose. Written notices of the proposed amendment shall be given members at least thirty (30) days prior to the meeting and may be given in the same manner and at the same time as notice of the meeting is given or in any other appropriate manner.  (b) Upon adoption of the amendment the insurer shall prepare articles of amendment in triplicate under its corporate seal, setting forth the amendment and the date and manner of the adoption thereof. The articles of amendment shall be executed by the insurer's president or vice-president and secretary or assistant secretary, and be acknowledged by them before an officer authorized by law to take acknowledgements of deeds.  (c) The triplicate originals of the articles of amendment shall be delivered to the commissioner and are subject to the same examination, certification, approval and filing procedures as provided for original articles of incorporation under W.S. 26-24-104. For filing articles of amendment of the articles of incorporation of a domestic mutual insurer the secretary of state shall charge and collect a fee of ten dollars ($10.00), which shall be credited to the general fund.
WY Stat § 26-24-107 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-107 - Stock of Domestic Insurer to Be Paid for in Cash; Exceptions.

26-24-107. Stock of domestic insurer to be paid for in cash; exceptions.| (a) Except where issued in exchange for other securities for purposes of merger, bulk reinsurance, acquisition of control of another insurer as provided for in this chapter or as stock dividend on a split of stock, no domestic stock insurer shall issue its shares except upon payment in full of the subscription price thereof, not less than par value, in cash.  (b) The value at which any such consideration, other than money, shall be carried in the insurer's financial statement shall be determined as provided in W.S. 26-6-301 through 26-6-304.
WY Stat § 26-24-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 24 - Organization and Corporate Procedures of Legal Reserve Stock and Mutual Insurers|Section 26-24-108 - Domestic Insurers to Engage in Insurance Business Exclusively; Exception as to Title Insurers.

26-24-108. Domestic insurers to engage in insurance business exclusively; exception as to title insurers.| No domestic insurer shall engage in any business other than the insurance business and activities reasonably and necessarily incidental thereto, except that a title insurer may also engage in the title abstracting business and act as an escrow agent.