Wyoming § 26-23-103 Return of excess premium in certain cases of
total destruction

Wyoming Statutes

§ 26-23-103 — Return of excess premium in certain cases of total destruction

Wyoming § 26-23-103

Title 26Insurance Code

Ch. 23CASUALTY INSURANCE, SURETY INSURANCE AND TITLE

This text of Wyoming § 26-23-103 (Return of excess premium in certain cases of total destruction) 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. § 26-23-103 (2026).

Text

If the insured property is totally destroyed and the total
amount of loss is less than the total amount insured thereon as
to the hazard causing the loss, the insurer shall return to the
insured at the time of payment of the loss the amount of
premiums paid under the policy then in force for the excess of
insurance over the fair value of the property at the time of the
loss. This section does not apply to insurance of replacement
value.

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If the insured property is totally destroyed and the total
amount of loss is less than the total amount insured thereon as
to the hazard causing the loss, the insurer shall return to the
insured at the time of payment of the loss the amount of
premiums paid under the policy then in force for the excess of
insurance over the fair value of the property at the time of the
loss. This section does not apply to insurance of replacement
value.