§ 40-14-410 — Charge for insurance in connection with a deferral, refinancing, or consolidation; duplicate charges

(a) A creditor may not contract for or receive a separate
charge for insurance in connection with a deferral (W.S.
40-14-215 or 40-14-313), a refinancing (W.S. 40-14-216 or
40-14-314), or a consolidation (W.S. 40-14-217 or 40-14-315),
unless:
(i) The debtor agrees at or before the time of the
deferral, refinancing, or consolidation that the charge may be
made;
(ii) The debtor is or is to be provided with
insurance for an amount or a term, or insurance of a kind, in
addition to that to which he would have been entitled had there
been no deferral, refinancing, or consolidation;
(iii) The debtor receives a refund or credit on
account of any unexpired term of existing insurance in the
amount that would be required if the insurance were terminated
(W.S. 40-14-408); and
(iv) The charge does not exceed the amount permitted
by this article (W.S. 40-14-407).
(b) A creditor may not contract for or receive a separate
charge for insurance which duplicates insurance with respect to
which the creditor has previously contracted for or received a
separate charge.