Wyoming Statutes
§ 26-23-101 — Overinsurance prohibited
(a)No person shall buy insurance on property within this
state for an amount which, together with any existing insurance,
exceeds the fair value of the property or of the interest of the
insured therein. This provision does not apply as to insurance
of replacement value.
(b)Anyone who willfully violates this section is subject
to the penalties provided in W.S. 26-1-107.
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Nearby Sections
15
§ 26-23-101
Overinsurance prohibited§ 26-23-102
Adjuster's reports of overinsurance and causes
of fire; reports deemed privileged communications§ 26-23-104
Terms of policies; extension§ 26-23-105
Exemptions§ 26-23-107
Cancellation and nonrenewal of homeowner's
insurance policies for natural causes restricted§ 26-23-301
Short title§ 26-23-303
Definitions§ 26-23-304
Corporate form required§ 26-23-305
Title insurers; authorized activities