# Wyo. Stat. § 26-42-104: Creation of the association

> Wyoming · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-104

## Section

- **Citation:** Wyo. Stat. § 26-42-104
- **Heading:** Creation of the association
- **Jurisdiction:** Wyoming
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Wyoming Code / Title 26 / Chapter 42 / Section 26-42-104

## Text

(a) There is created a nonprofit legal entity to be known as the Wyoming life and health insurance guaranty association. All member insurers are members of the association as a condition of their authority to transact insurance or health maintenance organization business in this state. The association shall perform its functions under the plan of operation established and approved under W.S. 26-42-108 and shall exercise its powers through a board of directors provided by W.S. 26-42- 105. For purposes of administration and assessment the association shall maintain the three (3) following accounts:

(i) The life insurance account;

(ii) The health account; and

(iii) The annuity account.

(b) The association is under the supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state. Meetings or records of the association may be opened to the public upon majority vote of the board of directors of the association.

## Nearby sections

- [Wyo. Stat. § 26-42-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-101.md)
- [Wyo. Stat. § 26-42-102 § 26-42-102. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-102.md)
- [Wyo. Stat. § 26-42-103 § 26-42-103. Coverage and limitations](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-103.md)
- [Wyo. Stat. § 26-42-104 Creation of the association](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-104.md)
- [Wyo. Stat. § 26-42-105 Board of directors](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-105.md)
- [Wyo. Stat. § 26-42-106 § 26-42-106. Powers and duties of the association](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-106.md)
- [Wyo. Stat. § 26-42-107 Assessments](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-107.md)
- [Wyo. Stat. § 26-42-108 Plan of operation](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-108.md)
- [Wyo. Stat. § 26-42-109 Duties and powers of the commissioner](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-109.md)
- [Wyo. Stat. § 26-42-110 § 26-42-110. Prevention of insolvencies](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-110.md)
- [Wyo. Stat. § 26-42-111 § 26-42-111. Credits for assessments paid; tax offsets](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-111.md)
- [Wyo. Stat. § 26-42-112 Assessment liability; records; assets; proceedings against impaired or insolvent insurer](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-112.md)
- [Wyo. Stat. § 26-42-113 Examination of the association; annual report](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-113.md)
- [Wyo. Stat. § 26-42-114 Tax exemptions](https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WY_T26_C42_S26-42-104. Check the current official text before relying on it. Not legal advice.