Wyo. Stat. § 26-24-142: Impairment of capital or assets; liability of directors for deficiencies.
Where this section sits in the code
- TITLE 26 - INSURANCE CODE
- CHAPTER 24 - ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL RESERVE STOCK AND MUTUAL INSURERS
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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