Wyoming § 40-14-430 Term of insurance

Wyoming Statutes

§ 40-14-430 — Term of insurance

Wyoming § 40-14-430

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 4INSURANCE

This text of Wyoming § 40-14-430 (Term of 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. § 40-14-430 (2026).

Text

(a)Consumer credit insurance provided by a creditor may be subject to the furnishing of evidence of insurability satisfactory to the insurer. Whether or not such evidence is required, the term of the insurance shall commence no later than when the debtor becomes obligated to the creditor or when the debtor applies for the insurance, whichever is later, except as follows:

(i)If any required evidence of insurability is not furnished until more than thirty (30) days after the term would otherwise commence, the term may commence on the date when the insurer determines the evidence to be satisfactory; or

(ii)If the creditor provides insurance not previously provided covering debts previously created, the term may commence on the effective date of the policy.

(b)The originally scheduled term

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(a) Consumer credit insurance provided by a creditor may
be subject to the furnishing of evidence of insurability
satisfactory to the insurer. Whether or not such evidence is
required, the term of the insurance shall commence no later than
when the debtor becomes obligated to the creditor or when the
debtor applies for the insurance, whichever is later, except as
follows:
(i) If any required evidence of insurability is not
furnished until more than thirty (30) days after the term would
otherwise commence, the term may commence on the date when the
insurer determines the evidence to be satisfactory; or
(ii) If the creditor provides insurance not
previously provided covering debts previously created, the term
may commence on the effective date of the policy.
(b) The originally scheduled term of the insurance shall
extend at least until the due date of the last scheduled payment
of the debt except as follows:
(i) If the insurance relates to a revolving charge
account or revolving loan account, the term need extend only
until the payment of the debt under the account and may be
sooner terminated after at least thirty (30) days notice to the
debtor; or
(ii) If the debtor is advised in writing that the
insurance will be written for a specified shorter time, the term
need extend only until the end of the specified time.
(c) The term of the insurance shall not extend more than
fifteen (15) days after the originally scheduled due date of the
last scheduled payment of the debt unless it is extended without
additional cost to the debtor or as an incident to a deferral,
refinancing, or consolidation.