Transfers of Policies Resulting From Mergers, Acquisitions or Restructuring or Resulting in Broader Coverage; Notice Not Required.

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  2. Wyoming Statutes
  3. Insurance Code
  4. Cancellation, Renewal and Nonrenewal of Policies
  5. In General
  6. Transfers of Policies Resulting From Mergers, Acquisitions or Restructuring or Resulting in Broader Coverage; Notice Not Required.

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26-35-106. Transfers of policies resulting from mergers, acquisitions or restructuring or resulting in broader coverage; notice not required.

(a) Subject to the provisions of W.S. 26-35-204, a nonrenewal or cancellation notice shall not be required if a policy is transferred from an insurer to an affiliated insurer under common management and control:

(i) As a result of a merger, acquisition or company restructuring; or

(ii) If the transfer results in the same or broader coverage.

(b) Nothing in this section shall be construed as limiting the right of an insured to cancel a policy.


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