# Wyo. Stat. § 26-3-109: Delayed compliance with capital and surplus requirements

> Wyoming · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-109

## Section

- **Citation:** Wyo. Stat. § 26-3-109
- **Heading:** Delayed compliance with capital and surplus requirements
- **Jurisdiction:** Wyoming
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WY Code / Title 26 / Chapter 3 / Section 26-3-109

## Text

(a) A domestic or foreign insurer holding a valid certificate of authority to transact insurance in this state as of April 1, 1985, may continue to transact the kinds of insurance permitted by the certificate of authority by complying with this code and by maintaining unimpaired not less than the same amount of paid-in capital stock or paid-in capital stock and surplus, if a stock insurer, or not less than the same amount of surplus, if a mutual insurer, as required under the laws of this state for that authority immediately prior to that date, and as if the laws had continued in force.

(b) An insurer specified in subsection (a) of this section shall not be granted authority to transact any other or additional kinds of insurance unless it then fully complies with the capital and surplus requirements applied to all the kinds of insurance it then proposes to transact, as provided under W.S. 26-3-108 as to new domestic insurers.

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C3_S26-3-109. Check the current official text before relying on it. Not legal advice.