§ 40-14-404 — Creditor's provision of and charge for insurance; excess amount of charge

(a) Except as otherwise provided in this article and
subject to the provisions on additional charges (W.S. 40-14-213
and 40-14-311) and maximum charges (part 2 of article 2 and
article 3), a creditor may agree to provide insurance, and may
contract for and receive a charge for insurance separate from
and in addition to other charges. A creditor need not make a
separate charge for insurance provided or required by him. This
act does not authorize the issuance of any insurance prohibited
under any statute, or rule thereunder, governing the business of
insurance.
(b) The excess amount of a charge for insurance provided
for in agreements in violation of this article is an excess
charge for the purposes of the provisions of the article on
remedies and penalties (article 5) as to effect of violations on
rights of parties (W.S. 40-14-521) and of the provisions of the
article on administration (article 6) as to civil actions by the
administrator (W.S. 40-14-613).