§ 26-35-204 — Renewal with altered terms; notice

(a) If an insurer intends to renew a policy, but on less
favorable terms or at higher rates, the insurer shall furnish to
the insured and the agent of record, if any, renewal terms and a
statement of the amount of premium due for the renewal policy
period in accordance with this section.
(b) The renewal terms and statement of premium due shall
be given pursuant to W.S. 26-35-101 not less than forty-five
(45) days, or if the policy is a professional health care
malpractice liability policy not less than ninety (90) days,
prior to the expiration or anniversary date of the original
policy. For rates regulated pursuant to W.S. 26-14-106(a) and
(b), sixty (60) days notice of the renewal terms and premium due
shall be required if the insurer notified the insured of its
proposed changes at the time the insurer filed with the
insurance commissioner.
(c) If the insurer fails to furnish the renewal terms and
statement of premium due in the manner required by this section,
the insured may elect to cancel the renewal policy within the
forty-five (45) day period following receipt of the renewal
terms and statement of premium due. Earned premium for any
period of coverage shall be calculated pro rata based upon the
premium applicable to the original policy and not the premium
applicable to the renewal policy.