044-2 Wyo. Code R. §§ 2-4 - Investments
The contract seller shall limit his deposits after 1 July 1979 to obligations of the United States of America or of any states thereof; obligations and stock of federal government agencies; demand deposits, savings accounts, certificates of deposit, or shares of savings and loan associations, provided that the contract seller may invest, notwithstanding the limitations of this section, funds in an amount not to exceed in the aggregate the amount of the seller's bond posted in accordance with Section 10 of these rules, in such types of investments which men of prudence, discretion and intelligence would acquire or retain for their own account. Nothing herein shall affect the validity of any investment made prior to the effective date of this section. The contract seller shall be strictly accountable for the corpus of the funds to the contract buyer. Any checking account, savings account, certificate of deposit or other evidence of investment for credit jointly held in the names of a person (as defined in these regulations) and a licensed embalmer, undertaker, funeral director or other person regularly engaged in selling or furnishing funeral supplies or services (which include any embalming; caskets, cemetery lots, plots, niches, crypts, vaults, markers; cremations or any other thing incident to the ultimate disposal of dead bodies) shall be conclusively presumed to have with it an underlying contract which specifically provides for said services, and shall be construed to be part of a pre-need contract (as defined herein) and subject to these regulations.
Notes
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