Title 26 — Title 26 — Insurance Code

56 chapters · 1,242 sections in this title.

1,242 sectionsFiltered byTitle 26

W.S. § 26-28-113 insurers
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insurers. Conduct of delinquency proceedings; foreign (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 f…
W.S. § 26-28-114 insurers
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insurers. Claims of nonresidents against domestic (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.…
W.S. § 26-28-115 Claims against foreign insurers
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Claims against foreign insurers. (a) In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this state may file claims either with the ancillary receiver, if any, appointed in this state, or wi…
W.S. § 26-28-116 Claims generally
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Claims generally. (a) All claims against an insurer against which delinquency proceedings are in progress shall set forth in reasonable detail the amount of the claim, or the basis upon which the amount can be ascertained, the facts upon which the claim is based and the prioritie…
W.S. § 26-28-117 Priority of certain claims
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Priority of certain claims. (a) In a delinquency proceeding against an insurer domiciled in this state, claims owing to residents of ancillary states are preferred claims if like claims are preferred under the laws of this state. All claims owing to residents or nonresidents shal…
W.S. § 26-28-118 Attachment, garnishment or execution during pendency of delinquency proceedings
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Attachment, garnishment or execution during pendency of delinquency proceedings. During the pendency of delinquency proceedings in this or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment or execution shall be commenced or maintained in th…
W.S. § 26-28-119 Sections constituting Uniform Insurers Liquidation Act; interpretation and construction
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Sections constituting Uniform Insurers Liquidation Act; interpretation and construction. (a) W.S. 26-28-101(a)(i) through (v) and (vii) through (xiii), 26-28-103, 26-28-104 and 26-28-112 through 26-28-119 constitute and may be referred to as the Uniform Insurers Liquidation Act. …
W.S. § 26-28-120 Deposit of monies collected
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Deposit of monies collected. The monies the commissioner collects in a proceeding under this chapter shall be deposited in one (1) or more state or national banks, savings banks or trust companies. In case of insolvency or voluntary or involuntary liquidation of any such deposito…
W.S. § 26-28-121 Commissioner exempt from payment of fees
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Commissioner exempt from payment of fees. (a) The commissioner is not required to pay any fee to any public officer in this state for filing, recording, issuing a transcript or certificate or authenticating any paper or instrument pertaining to the commissioner's exercise of any …
W.S. § 26-28-122 assets
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assets. Power of commissioner to borrow on pledge of (a) For the purpose of facilitating the rehabilitation, liquidation, conservation or dissolution of an insurer pursuant to this chapter, the commissioner, subject to court approval, may: (i) Borrow money and execute, acknowledg…
W.S. § 26-28-123 Date rights fixed on liquidation
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Date rights fixed on liquidation. The rights and liabilities of the insurer and of its creditors, policyholders, stockholders, members, subscribers and any other persons interested in its estate, unless the court otherwise directs, shall be fixed as of the date on which the order…
W.S. § 26-28-124 Voidable transfers
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Voidable transfers. (a) Any transfer of, or lien upon, an insurer's property is voidable if it is: (i) Made or created within four (4) months prior to the granting of an order to show cause under this chapter, with the intent of giving to any creditor a preference or of enabling …
W.S. § 26-28-125 Priority of distribution of an insolvent insurer's assets
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Priority of distribution of an insolvent insurer's assets. (a) The priorities of distribution of general assets from the company's estate is as follows: (i) The costs and expenses of the administration, insolvency, liquidation and rehabilitation, including the claims handling exp…
W.S. § 26-28-126 Offsets
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Offsets. (a) In all cases of mutual debts or mutual credits between the insurer and another person in connection with any action or proceeding under this chapter, the credits and debts shall be set off and the balance only shall be allowed or paid, except as provided in subsectio…
W.S. § 26-28-127 Allowance of certain claims after insolvency; entry of liquidation order
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Allowance of certain claims after insolvency; entry of liquidation order. (a) No contingent and unliquidated claim shall share in a distribution of an insurer's assets if that insurer is adjudicated to be insolvent by an order made pursuant to this chapter, except that the claim …
W.S. § 26-28-128 Order of insolvency; time to file claims after insolvency order; payment of claims; procedure
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Order of insolvency; time to file claims after insolvency order; payment of claims; procedure. (a) If upon the entry of a liquidation order under this chapter or at any time thereafter during liquidation proceedings the insurer is not clearly solvent, the court, upon hearing afte…
W.S. § 26-28-129 Report and petition for assessment
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Report and petition for assessment. (a) Within three (3) years after the date of the entry of a rehabilitation or liquidation order of a domestic mutual insurer or a domestic reciprocal insurer, the commissioner may make and file his report and petition to the court setting forth…
W.S. § 26-28-130 Order and levy of assessment
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Order and levy of assessment. (a) Upon the filing and reading of the report and petition provided for in W.S. 26-28-129, the court, ex parte, may order the commissioner to assess all the insurer's members or subscribers who are subject to assessment, in an aggregate amount as the…
W.S. § 26-28-131 Assessment prima facie correct; notice of amount of assessment; proceedings to enforce payment
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Assessment prima facie correct; notice of amount of assessment; proceedings to enforce payment. (a) Any assessment of a subscriber or member of an insurer which the commissioner makes pursuant to the court order fixing the aggregate amount of the assessment against all members or…
W.S. § 26-29-101 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-102 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-103 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-104 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-105 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-106 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-107 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-108 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-109 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-110 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-111 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-112 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-113 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-114 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-115 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-116 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-117 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-118 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-119 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-120 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-121 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-122 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-123 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-124 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-125 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-126 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-127 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-128 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-129 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-130 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.
W.S. § 26-29-131 Repealed by Laws 1989, ch
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Repealed by Laws 1989, ch. 184, § 2.