reglab/housing_qa huggingface dataset:
WY Stat § 26-27-125 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 27 - Reciprocal Insurers|Section 26-27-125 - Nonassessable Policies.

26-27-125. Nonassessable policies.| (a) If a reciprocal insurer has a surplus of assets over all liabilities at least equal to the minimum capital stock and surplus required to be maintained by a domestic stock insurer authorized to transact like kinds of insurance, upon application of the attorney and as approved by the subscribers' advisory committee, the commissioner shall issue his certificate authorizing the insurer to extinguish the contingent liability of subscribers under its policies then in force in this state and to omit provisions imposing contingent liability in all policies delivered or issued for delivery in this state for as long as all the surplus remains unimpaired.  (b) If the surplus is impaired, the commissioner shall immediately revoke the certificate. The revocation does not render subject to contingent liability any policy then in force and for the remainder of the period for which the premium has been paid. After revocation no policy shall be issued or renewed without providing for the subscriber's contingent assessment liability.  (c) The commissioner shall not authorize a domestic reciprocal insurer to extinguish the contingent liability of any of its subscribers or in any of its policies to be issued, unless it qualifies to and does extinguish the liability of all its subscribers and in all the policies for all kinds of insurance it transacts. If required by the laws of another state in which the insurer is transacting insurance as an authorized insurer, the insurer may issue policies providing for the contingent liability of those of its subscribers as acquire the policies in that state, and need not extinguish the contingent liability applicable to policies previously in force in that state.
WY Stat § 26-27-126 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 27 - Reciprocal Insurers|Section 26-27-126 - Distribution of Savings.

26-27-126. Distribution of savings.| A reciprocal insurer may return to its subscribers any unused premiums, savings or credits accruing to their accounts. Any such distribution shall not unfairly discriminate between classes of risks, or policies, or between subscribers, but this does not prevent retrospective rating, nor distribution on a retrospective plan.
WY Stat § 26-27-127 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 27 - Reciprocal Insurers|Section 26-27-127 - Distribution of Subscribers' Share of Assets Upon Liquidation.

26-27-127. Distribution of subscribers' share of assets upon liquidation.| Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in W.S. 26-27-115, and the return of any unused premium, savings or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were subscribers within the twelve (12) months immediately prior to the last termination of its certificates of authority, according to any reasonable formula the commissioner approves.
WY Stat § 26-27-128 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 27 - Reciprocal Insurers|Section 26-27-128 - Merger or Conversion.

26-27-128. Merger or conversion.| (a) A domestic reciprocal insurer may merge with another reciprocal insurer or be converted to a stock or mutual insurer, upon affirmative vote of not less than two-thirds (2/3) of its subscribers who vote on the question pursuant to proper notice and the commissioner's approval of the merger terms.  (b) Any stock or mutual insurer specified in subsection (a) of this section is subject to the same capital or surplus requirements and has the same rights as a like domestic insurer transacting like kinds of insurance.  (c) The commissioner shall not approve any plan for merger or conversion which is inequitable to subscribers, or which, if for conversion to a stock insurer, does not give each subscriber preferential right to acquire stock of the proposed insurer proportionate to his interest in the reciprocal insurer as determined in accordance with W.S. 26-27-127 and a reasonable length of time within which to exercise that right.
WY Stat § 26-27-129 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 27 - Reciprocal Insurers|Section 26-27-129 - Impaired Reciprocals; Liquidation.

26-27-129. Impaired reciprocals; liquidation.| (a) If a reciprocal insurer's assets are at any time insufficient to discharge its liabilities, other than any liability because of funds contributed by the attorney or others, and to maintain the required surplus, its attorney shall immediately make up the deficiency or levy an assessment upon the subscribers for the amount needed to make up the deficiency, subject to the limitation set forth in the power of attorney or policy.  (b) If the attorney fails to make up the deficiency or to make the assessment within thirty (30) days after the commissioner orders him to do so, or if the deficiency is not fully made up within sixty (60) days after the date the assessment is made, the insurer is deemed insolvent and shall be proceeded against as authorized by this code.  (c) If an insurer's liquidation is ordered, an assessment shall be levied upon the subscribers in an amount, subject to limits as provided by this chapter, the commissioner determines to be necessary to discharge all the insurer's liabilities, exclusive of any funds contributed by the attorney or other persons, but including the reasonable liquidation cost.
WY Stat § 26-28-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-102 - Delinquency Proceedings; Jurisdiction; Venue; Change of Venue; Exclusiveness of Remedy; Appeal.

26-28-102. Delinquency proceedings; jurisdiction; venue; change of venue; exclusiveness of remedy; appeal.| (a) The district court has original jurisdiction of any delinquency proceeding under this chapter and any court with jurisdiction may make any necessary or proper orders to carry out the purposes of this chapter.  (b) The venue of delinquency proceedings against a domestic insurer is in the county of the insurer's principal place of business. The venue of delinquency proceedings against foreign and alien insurers is in the district court for Laramie county.  (c) At any time after the commencement of a proceeding under this chapter, the commissioner may apply to the court for an order changing the venue of and removing the proceeding to Laramie county or to any other county of this state in which he deems that the proceeding may be most economically and efficiently conducted.  (d) Delinquency proceedings pursuant to this chapter constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and no court shall entertain a petition for a commencement of such proceedings unless the petition is filed in the name of the state on the relation of the commissioner.  (e) An appeal shall lie to the supreme court from any order:  (i) Granting or refusing rehabilitation, liquidation or conservation; and  (ii) In delinquency proceedings having the character of a final order as to the particular portion of the proceedings embraced therein.
WY Stat § 26-28-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-103 - Delinquency Proceedings; Commencement.

26-28-103. Delinquency proceedings; commencement.| The commissioner shall commence any delinquency proceedings by application to the court for an order directing the insurer to show cause why the commissioner should not have the relief prayed for. On the return of the order to show cause, and after a full hearing, the court shall either deny the application or grant the application, together with any other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers or the public require.
WY Stat § 26-28-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-104 - Injunctions.

26-28-104. Injunctions.| (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.
WY Stat § 26-28-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-105 - Grounds for Receivership; Rehabilitation of Domestic Insurer.

26-28-105. Grounds for receivership; rehabilitation of domestic insurer.| (a) The commissioner may apply to the court for an order appointing him as receiver of and directing him to rehabilitate a domestic insurer if the insurer:  (i) Is impaired or insolvent or is in unsound or such other condition or using such methods and practices in the conduct of its business as to render its further transaction of insurance hazardous or injurious to its policyholders;  (ii) Refuses to submit any of its books, records, accounts or affairs to reasonable examination by the commissioner;  (iii) Conceals or removes records or assets or otherwise violates W.S. 26-24-129;  (iv) Fails to comply with the commissioner's order to make good an impairment of capital or surplus or both;  (v) Transfers or attempts to transfer substantially its entire property or business, or enters into any transaction the effect of which is to merge substantially its entire property or business in that of any other insurer without first obtaining the commissioner's written approval;  (vi) Willfully violates its charter or articles of incorporation or any law of this state;  (vii) Has an officer, director or manager who refuses to be examined under oath concerning its affairs, for which purposes the commissioner may conduct and enforce by all appropriate and available means any such examination under oath in any other state or territory of the United States in which the officer, director or manager may then presently be, to the full extent permitted by the laws of the other state or territory;  (viii) Is the subject of an application for the appointment of a receiver, trustee, custodian or sequestrator of the insurer or its property otherwise than pursuant to this code, but only if the appointment has been made or is imminent and its effect is or would be to oust the courts of this state of jurisdiction under this chapter;  (ix) Consents to a receivership order through a majority of its directors, stockholders, members or subscribers; or  (x) Fails to pay a final judgment rendered against it in this state upon any insurance contract issued or assumed by it, within thirty (30) days after the judgment is final, or within thirty (30) days after the time for taking an appeal expires or within thirty (30) days after dismissal of an appeal before final termination, whichever date is later.
WY Stat § 26-28-106 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-106 - Grounds for Receivership; Liquidation.

26-28-106. Grounds for receivership; liquidation.| (a) The commissioner may apply to the court for an order appointing him as receiver, if his appointment as receiver is not then in effect, and directing him to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing him to rehabilitate the insurer, upon any of the grounds specified in W.S. 26-28-105, or if the insurer:  (i) Does not transact business for a period of one (1) year; or  (ii) Is insolvent and has commenced voluntary liquidation or dissolution or attempts to:  (A) Commence or prosecute any action or proceeding to liquidate its business or affairs;  (B) Dissolve its corporate charter; or  (C) Procure the appointment of a receiver, trustee, custodian or sequestrator under any law except this code.
WY Stat § 26-28-107 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-107 - Grounds for Conservation; Foreign Insurers or Alien Insurers.

26-28-107. Grounds for conservation; foreign insurers or alien insurers.| (a) The commissioner may apply to the court for an order appointing him as receiver or ancillary receiver and directing him to conserve the assets within this state of a foreign or alien insurer upon:  (i) Any of the grounds specified in W.S. 26-28-105 or 26-28-106; or  (ii) The ground that the insurer's property has been sequestrated in its domiciliary sovereignty or in any other sovereignty; or  (iii) If an alien insurer, the ground that the insurer failed to comply, within the time the commissioner designated, with an order by the commissioner to make good an impairment of its trusteed funds.
WY Stat § 26-28-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-108 - Grounds for Ancillary Liquidation of Foreign Insurers.

26-28-108. Grounds for ancillary liquidation of foreign insurers.| The commissioner may apply to the court for an order appointing him as ancillary receiver of and directing him to liquidate the business of a foreign insurer having assets, business or claims in this state upon the appointment in the domiciliary state of that insurer of a receiver, liquidator, conservator, rehabilitator or other officer for the purpose of liquidating the business of that insurer.
WY Stat § 26-28-109 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-109 - Order of Rehabilitation.

26-28-109. Order of rehabilitation.| (a) An order to rehabilitate a domestic insurer shall direct the commissioner immediately to:  (i) Take possession of the insurer's property and conduct its business; and  (ii) Take any steps the court directs toward removal of the causes and conditions making rehabilitation necessary.  (b) If at any time the commissioner deems that further efforts to rehabilitate the insurer would be useless, he may apply to the court for an order of liquidation.  (c) The commissioner or any interested person, upon notice to the commissioner, may apply to the court for an order terminating the rehabilitation proceedings and permitting the insurer to resume possession of its property and the conduct of its business. No termination order shall be made or entered unless, after a hearing, the court determines that the purposes of the proceeding have been fully accomplished.
WY Stat § 26-28-110 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-110 - Order of Liquidation.

26-28-110. Order of liquidation.| (a) An order to liquidate the business of a domestic insurer shall direct the commissioner immediately to:  (i) Take possession of the insurer's property;  (ii) Liquidate the insurer's business;  (iii) Deal with the insurer's property and business in his own name as commissioner of insurance or in the insurer's name, as the court directs; and  (iv) Give notice to all creditors with claims against the insurer to present those claims.  (b) The commissioner may apply for and secure an order dissolving the corporate existence of a domestic insurer upon his application for an order of that insurer's liquidation or at any time after the order is granted.
WY Stat § 26-28-111 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-111 - Order of Conservation or Ancillary Liquidation of Foreign or Alien Insurer.

26-28-111. Order of conservation or ancillary liquidation of foreign or alien insurer.| (a) An order to conserve a foreign or alien insurer's assets requires the commissioner immediately to take possession of the insurer's property within this state and to conserve it, subject to the court's further direction.  (b) An order to liquidate a foreign insurer's assets in this state requires the commissioner immediately to take possession of the insurer's property within this state and to liquidate it subject to the court's orders and with due regard to the rights and powers of the domiciliary receiver as provided in this chapter.
WY Stat § 26-28-112 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-112 - Conduct of Delinquency Proceedings; Domestic and Alien Insurers.

26-28-112. Conduct of delinquency proceedings; domestic and alien insurers.| (a) If under this chapter a receiver is to be appointed in delinquency proceedings for a domestic or alien insurer, the court shall appoint the commissioner as the receiver. The court shall order the commissioner immediately to take possession of the insurer's assets and to administer those assets under the court's orders.  (b) As a domiciliary receiver, the commissioner is vested by operation of law with the title to all of the insurer's property, contracts and right of action and all of its books and records, wherever located, as of the date of entry of the order directing him to rehabilitate or liquidate a domestic insurer or to liquidate the United States branch of an alien insurer domiciled in this state. The commissioner may recover and take possession of the insurer's property, contracts and right of action and its books and records, except that ancillary receivers in reciprocal states, as to assets located in their states, have the rights and powers prescribed in this chapter for ancillary receivers appointed in this state as to assets located in this state.  (c) The filing or recording of the order directing possession to be taken, or a certified copy thereof, in any office where instruments affecting title to property are required to be filed or recorded, imparts the same notice as is imparted by a deed, bill of sale or other evidence of title duly filed or recorded.  (d) The commissioner as domiciliary receiver is responsible for the proper administration of all assets coming into his possession or control. The court may require a bond from the commissioner or his deputies if deemed desirable for the protection of the assets.  (e) Upon taking possession of the insurer's assets, the domiciliary receiver, subject to the court's direction, immediately shall proceed to conduct the insurer's business or to take any steps authorized by this chapter for rehabilitating, liquidating or conserving the insurer's affairs or assets.  (f) In connection with delinquency proceedings, the commissioner may appoint one (1) or more special deputy commissioners to act for him and he may employ such counsel, clerks and assistants as he deems necessary. The compensation of the special deputies, counsel, clerks or assistants and all expenses of taking possession of the insurer and of conducting the proceeding shall be fixed by the receiver, subject to the court's approval, and shall be paid out of the insurer's funds or assets. Within the limits of duties imposed upon them, special deputies have the powers of the receiver and, in the exercise of those powers, are subject to all of the duties imposed upon the receiver with respect to the proceedings.
WY Stat § 26-28-113 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-113 - Conduct of Delinquency Proceedings; Foreign Insurers.

26-28-113. Conduct of delinquency proceedings; foreign insurers.| (a) If under this chapter an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this state, the court shall appoint the commissioner as ancillary receiver. The commissioner shall file a petition requesting the appointment on the grounds set forth in W.S. 26-28-108 if:  (i) He finds the insurer has sufficient assets located in this state to justify the appointment of an ancillary receiver; or  (ii) Ten (10) or more persons resident in this state having claims against the insurer file a petition with the commissioner requesting the appointment of an ancillary receiver.  (b) The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state is vested by operation of law with the title to all of the insurer's property, contracts and rights of action and all of its books and records located in this state. The domiciliary receiver has the immediate right to recover balances due from local agents, to obtain possession of any of the insurer's books and records found in this state and to recover the insurer's other assets located in this state, except that upon the appointment of an ancillary receiver in this state, the ancillary receiver, during the ancillary receivership proceedings, has sole right to recover the other assets. The ancillary receiver, as soon as practicable, shall liquidate from the securities those special deposit claims and secured claims which are proved and allowed in the ancillary proceedings in this state and shall pay the necessary expenses of the proceedings. He shall promptly transfer all remaining assets to the domiciliary receiver. Subject to the provisions of this subsection, the ancillary receiver and his deputies have the same powers and are subject to the same duties with respect to the administration of the assets as a receiver of an insurer domiciled in this state.  (c) The domiciliary receiver of an insurer domiciled in the reciprocal state may sue in this state to recover any of the insurer's assets to which he is entitled under the laws of this state.
WY Stat § 26-28-114 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 28 - Rehabilitation and Liquidation|Section 26-28-114 - Claims of Nonresidents Against Domestic Insurers.

26-28-114. Claims of nonresidents against domestic insurers.| (a) In a delinquency proceeding begun in this state against a domestic insurer, claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their states or with the domiciliary receiver. The claims shall be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceedings.  (b) Controverted claims belonging to claimants residing in reciprocal states may either:  (i) Be proved in this state; or  (ii) If ancillary proceedings have been commenced in the reciprocal states, be proved in those proceedings.  (c) If a claimant elects to prove his claim in ancillary proceedings and if notice of the claim and opportunity to appear and be heard is afforded the domiciliary receiver of this state, as provided in W.S. 26-28-115 with respect to ancillary proceedings in this state, the final allowance of the claim by the courts in the ancillary state shall be accepted in this state as conclusive as to its amount and shall also be accepted as conclusive as to its priority, if any, against special deposits or other security located within the ancillary state.