(a) There is created a nonprofit unincorporated legal entity to be known as the Wyoming Insurance Guaranty Association. (b) All member insurers as defined in this chapter are members of the association as a condition of their authority to transact insurance in this state. (c) The association shall: (i) Perform its functions under a plan of operation established and approved under W.S. 26-31-108; and (ii) Exercise its powers through a board of directors established under W.S. 26-31-105.
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