§ 26-5-107 — "Marine and transportation insurance" and "wet marine and transportation insurance" defined

Wyoming § 26-5-107

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 5: KINDS OF INSURANCE, LIMITS OF RISK, REINSURANCE

Text

(a) "Marine and transportation insurance" includes:
(i) Insurance against any kinds of loss or damage to:
(A) Vessels, craft, aircraft vehicles of any
kind, all cargoes, effects, disbursements, profits, monies,
bullion, precious stones, securities, choses in action,
evidences of debt, valuable papers, bottomry and respondentia
interests and all other kinds of property and interests therein,
incident thereto or in connection with any risks of any type of
navigation, transit or transportation, or while being assembled
or prepared in any manner for or awaiting shipment or during any
delays, storage, transshipment or reshipment incident thereto,
including marine builder's risks and all personal property,
floater risks; and
(B) Person or to property in connection with or
appertaining to a marine, inland marine, transit or
transportation insurance, including liability for loss of or
damage to either because of or in connection with the
construction, repair, operation, maintenance or use of the
subject matter of the insurance, excluding life insurance,
surety bonds and insurance against loss by reason of bodily
injury to the person because of the ownership, maintenance or
use of automobiles; and
(C) Any jewels or precious metals used in any
manner and whether in transportation or otherwise; and
(D) Bridges, tunnels and other instrumentalities
of transportation, excluding buildings, their furnishings and
fixed contents and supplies held in storage, unless fire,
tornado, sprinkler leakage, hail, explosion, earthquake, riot or
civil commotion or both, are the only hazards to be covered,
piers, wharves, docks and slips, excluding the risks of fire,
tornado, sprinkler leakage, hail, explosion, earthquake, riot or
civil commotion or both, and other aids to navigation and
transportation including dry docks and marine railways, against
all risks; and
(ii) "Marine protection and indemnity insurance",
meaning insurance against the insured or against legal liability
of the insured for, loss, damage or expense arising out of or
incident to the ownership, operation, chartering, maintenance,
use, repair or construction of any vessel or craft in use in
ocean or inland waterways, including liability of the insured
for personal injury, illness or death or for the loss of or
damage to the property of another person.
(b) For the purposes of this code, "wet marine and
transportation" insurance is that part of "marine and
transportation" insurance which includes only:
(i) Insurance upon vessels, crafts, hulls and of
interests therein or with relation thereto;
(ii) Insurance of marine builders' risks, marine war
risks and contracts of marine protection and indemnity
insurance;
(iii) Insurance of freights and disbursements
pertaining to a subject of insurance coming within this
definition; and
(iv) Insurance of personal property and interests
therein in course of exportation from or importation into any
country, or in course of transportation coastwise or on inland
waters, including any form of transportation from point of
origin to final destination in respect to or in connection with
any risks of navigation, transit or transportation, and while
being prepared for or awaiting shipment, and during any delays,
storage, transshipment or reshipment incident thereto.