2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 10 - STATE BOARD OF INSURANCE AGENT EXAMINERS
SECTION 26-10-107. - Account; disbursement.
26-10-107. Account; disbursement.
(a) Out of each fee the commissioner receives for application for an original agent's license as provided in W.S. 26-4-101(a)(v)(A)(I) and (B)(I), and deposits with the state treasurer, the commissioner, shall place sixty percent (60%) thereof in an account of the state board of insurance agent's examiners and the remaining forty percent (40%) in the general fund. If the amount in the account exceeds the sum of five thousand dollars ($5,000.00), the excess shall be deposited in the general fund. The commissioner shall submit receipt and acknowledgement of all deposits under this section to the state treasurer.
(b) The commissioner shall make payments out of the account on warrants drawn by the state auditor, upon vouchers issued and signed by the president and secretary-treasurer of the board, for any expenditure required to carry out lawful board duties.
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