Wyoming § 26-17-124 - Application of dividends; rate reductions.
Full text of Wyoming Wyoming Statutes Annotated § 26-17-124 — Application of dividends; rate reductions., with citation guidance and answers to common questions.
§ 26-17-124. Application of dividends; rate reductions.
If a policy dividend is declared or a rate reduction is made or continued for any year of insurance under any group life insurance policy issued to any policyholder, the excess, if any, of the aggregate dividends or rate reductions under the policy and all other group insurance policies of the policyholder over the aggregate expenditure for insurance under the policies made from funds contributed by the policyholder, or by an employer of insured persons, or by a union or association to which the insured persons belong, including expenditures made in connection with administration of the policies, shall be applied by the policyholder for the sole benefit of insured employees or members.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 26-17-124
What does Wyoming Statutes Annotated § 26-17-124 cover?
Section 26-17-124 ("Application of dividends; rate reductions.") 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 § 26-17-124?
A common citation format is "Wyoming Statutes Annotated § 26-17-124" (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 § 26-17-124 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.