{"data":{"id":"us-wy/wyo.-stat.-26-24-139","jurisdiction":"us-wy","citation":"Wyo. Stat. § 26-24-139","heading":"Revocation of authority to issue policies without contingent liability.","body":"(a) The commissioner shall revoke the authority of a domestic mutual insurer to issue policies without contingent liability if:\n(i) At any time the insurer's assets are less than the sum of its liabilities and the surplus required for authority; or\n(ii) The insurer, by resolution of its board of directors approved by a majority of its members, requests that the authority be revoked.\n(b) Without authority the insurer shall not:\n(i) Issue any policy without providing therein for the policyholder's contingent liability; or\n(ii) Renew any policy which is then in force without endorsing that policy to provide for contingent liability.","path":["TITLE 26 - INSURANCE CODE","CHAPTER 24 - ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL RESERVE STOCK AND MUTUAL INSURERS"],"source_url":"https://wyoleg.gov/statutes/compress/title26.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"6494adb83383095b8eded1a632dc29dc1ffd51b0c039f29cb4564c1704d362b8","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-26-24-138","next":"us-wy/wyo.-stat.-26-24-140"},"notice":"GroundRules: Original legal text. Not legal advice."}