If the proposed domestic insurer fails to complete its organization and to secure its certificate of authority within one (1) year from the date of its certificate of incorporation, its corporate powers cease, and the commissioner shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under W.S. 26-24- 112.
Wyo. Stat. Ann. § 26-24-113
Failure of domestic mutual insurer to qualify
Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.