2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 13 - TRADE PRACTICES AND FRAUDS
ARTICLE 1 - UNFAIR TRADE PRACTICES ACT
SECTION 26-13-113. - Deductible amount of collision coverage; subrogation; right to deductible.
26-13-113. Deductible amount of collision coverage; subrogation; right to deductible.
(a) If an insurer pays a loss claim to its insured and the insurer decides to subrogate to the insured's loss claim, the deductible amount shall be included in the subrogated loss claim and the insurance carrier shall pay the deductible amount to its insured, without any deduction for expenses of collection, out of any recovery on the subrogated claim, before any part of the recovery is applied to any other use. If the amount of the deductible exceeds the recovery, the insurer shall pay only the amount of the recovery to the insured.
(b) If in any arbitration of the subrogated claim two (2) or more insurers agree to offset the claims of their insureds, the right of any insured to the return of his full deductible amount shall not be abridged.
Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
