Section 26-24-142 - Impairment of Capital or Assets; Liability of Directors for Deficiencies

26-24-142. Impairment of capital or assets; liability of directors for deficiencies. If the insurer fails to cure the deficiency within the period allowed therefor under W.S. 26-24-141, the insurer's directors are personally liable for payment of any losses or insurance benefits on new insurance risks the insurer assumes after expiration of the period, unless the insurer's certificate of authority is thereafter reinstated.