# Wyo. Stat. § 26-3-103: General qualifications for authority to transact business

> Wyoming · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-103

## Section

- **Citation:** Wyo. Stat. § 26-3-103
- **Heading:** General qualifications for authority to transact business
- **Jurisdiction:** Wyoming
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Wyoming Code / Title 26 / Chapter 3 / Section 26-3-103

## Text

(a) To transact insurance in this state an insurer shall be in compliance with this code, and its charter powers and shall be an incorporated stock insurer, an incorporated mutual insurer or a reciprocal insurer of the same general type as may be formed as a domestic insurer under this code.

(b) No foreign insurer shall be authorized to transact insurance or business on the mutual assessment plan, stipulated premium plan or any similar plan in this state if that insurer does not maintain reserves as required by chapter 6 of this code as applicable to the kinds of insurance or business transacted, wherever transacted in the United States. This prohibition does not apply to mutual or reciprocal insurers doing business on the cash premium plan but providing for contingent liability of policyholders or subscribers.

## Nearby sections

- [Wyo. Stat. § 26-3-101 Certificate of authority required](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-101.md)
- [Wyo. Stat. § 26-3-102 When certificate not required](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-102.md)
- [Wyo. Stat. § 26-3-103 General qualifications for authority to transact business](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-103.md)
- [Wyo. Stat. § 26-3-104 Insurers not qualified to transact business in state; credit and investigation reports](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-104.md)
- [Wyo. Stat. § 26-3-105 Qualification of new foreign insurers](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-105.md)
- [Wyo. Stat. § 26-3-106 Conflict of names prohibited](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-106.md)
- [Wyo. Stat. § 26-3-107 § 26-3-107. Insurer may be authorized to transact combination of kinds of insurance; exceptions](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-107.md)
- [Wyo. Stat. § 26-3-108 Capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-108.md)
- [Wyo. Stat. § 26-3-109 § 26-3-109. Delayed compliance with capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-109.md)
- [Wyo. Stat. § 26-3-110 § 26-3-110. Additional kinds of insurance authorized for certain insurers](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-110.md)
- [Wyo. Stat. § 26-3-111 Deposit required of insurers](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-111.md)
- [Wyo. Stat. § 26-3-112 Certificate of authority; application; contents of application](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-112.md)
- [Wyo. Stat. § 26-3-113 Certificate of authority; issuance; contents; delivery](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-113.md)
- [Wyo. Stat. § 26-3-114 Certificate of authority; continuation; expiration; reinstatement](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-114.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-103. Check the current official text before relying on it. Not legal advice.