Wyoming § 26-16-407 - Minimum paid-up annuity benefit available as a nonforfeiture option.
Full text of Wyoming Wyoming Statutes Annotated § 26-16-407 — Minimum paid-up annuity benefit available as a nonforfeiture option., with citation guidance and answers to common questions.
§ 26-16-407. Minimum paid-up annuity benefit available as a nonforfeiture option.
For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time prior to maturity shall not be less than the present value of that portion of the maturity value of the paid-up annuity benefit provided under the contract arising from considerations paid prior to the time the contract is surrendered in exchange for, or changed to, a deferred paid-up annuity, with the present value being calculated for the period prior to the maturity date on the basis of the interest rate specified in the contract for accumulating the net considerations to determine the maturity value, and increased by any existing additional amounts credited by the company to the contract. For contracts which do not provide any death benefits prior to the commencement of any annuity payments, the present values shall be calculated on the basis of the interest rate and the mortality table specified in the contract for determining the maturity value of the paid-up annuity benefit. The present value of a paid-up annuity benefit shall not be less than the minimum nonforfeiture amount at that time.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 26-16-407
What does Wyoming Statutes Annotated § 26-16-407 cover?
Section 26-16-407 ("Minimum paid-up annuity benefit available as a nonforfeiture option.") is part of the Wyoming Statutes Annotated, the codified statutory law of Wyoming. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wyoming § 26-16-407?
A common citation format is "Wyoming Statutes Annotated § 26-16-407" (Wyoming). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wyoming law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wyoming official source linked on this page or consult a licensed Wyoming attorney.
How does Wyoming § 26-16-407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wyoming can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wyoming.