Wyoming Statutes
§ 40-14-403 — Definitions
(a)In this act:
(i)"Consumer credit insurance" means insurance,
other than insurance on property, by which the satisfaction of
debt in whole or in part is a benefit provided, but does not
include:
(A)Insurance provided in relation to a credit
transaction in which a payment is scheduled more than ten (10)
years after the extension of credit;
(B)Insurance issued as an isolated transaction
on the part of the insurer not related to an agreement or plan
for insuring debtors of the creditor; or
(C)Insurance indemnifying the creditor against
loss due to the debtor's default.
(ii)"Credit Insurance Act" means W.S. 26-21-101
through 26-21-114 and 26-23-201.
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Nearby Sections
15
§ 40-14-101
Short title§ 40-14-102
Purposes; rules of construction§ 40-14-104
Construction against implicit repeal§ 40-14-105
Severability§ 40-14-106
Waiver; agreement to forego rights; settlement
of claims; legal rate of interest; applicability§ 40-14-107
Effect on powers of organizations§ 40-14-120
Territorial application§ 40-14-121
Exclusions§ 40-14-140
General definitions§ 40-14-141
Definition§ 40-14-142
Index of definitions§ 40-14-201
Short title§ 40-14-202
Scope; license required§ 40-14-203
Definitions