Wyoming § 26-13-121 Illegal dealing in premiums; excess charges for
insurance

Wyoming Statutes

§ 26-13-121 — Illegal dealing in premiums; excess charges for insurance

Wyoming § 26-13-121

Title 26Insurance Code

Ch. 13TRADE PRACTICES AND FRAUDS

This text of Wyoming § 26-13-121 (Illegal dealing in premiums; excess charges for insurance) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-13-121 (2026).

Text

(a)No person shall willfully collect any sum as premium or charge for insurance:

(i)If the insurance is not then provided or is not in due course to be provided, subject to the insurer's acceptance of the risk, by an insurance policy issued by the insurer as authorized by this code;

(ii)In excess of the premium or charge applicable to the insurance, and as specified in the policy, in accordance with the applicable classifications and rates as filed with and approved by the commissioner; or

(iii)In cases where classifications, premiums or rates are not required by this code to be filed and approved, in excess of those specified in the policy and as fixed by the insurer.

(b)Subsection (a) of this section does not prohibit the charging and collection by surplus lines brokers licensed und

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(a) No person shall willfully collect any sum as premium
or charge for insurance:
(i) If the insurance is not then provided or is not
in due course to be provided, subject to the insurer's
acceptance of the risk, by an insurance policy issued by the
insurer as authorized by this code;
(ii) In excess of the premium or charge applicable to
the insurance, and as specified in the policy, in accordance
with the applicable classifications and rates as filed with and
approved by the commissioner; or
(iii) In cases where classifications, premiums or
rates are not required by this code to be filed and approved, in
excess of those specified in the policy and as fixed by the
insurer.
(b) Subsection (a) of this section does not prohibit the
charging and collection by surplus lines brokers licensed under
chapter 11 of this code of the amount of applicable state and
federal taxes, examination fee and nominal service charge to
cover communication expenses, in addition to the premium
required by the insurer. Nor does it prohibit the charging and
collection by a life insurer of amounts actually to be expended
for medical examination of an applicant for life insurance or
for reinstatement of a life insurance policy.
(c) Each violation of this section is punishable under
W.S. 26-1-107.