2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 2 - THE INSURANCE COMMISSIONER
ARTICLE 2 - FUNDING
SECTION 26-2-205. - Time for payment; penalties.
26-2-205. Time for payment; penalties.
(a) If any insurer does not pay the assessment on or before June 1 of the year in which assessed or as otherwise ordered pursuant to W.S. 26-2-208, the assessment is delinquent. If the assessment is delinquent, the commissioner may suspend or revoke the insurer's certificate of authority.
(b) The suspension shall continue until the assessment is paid together with an additional fee of ten dollars ($10.00) for each day the fee remains delinquent after June 1. The penalty for late payment is in addition to any other penalties provided by this code.
(c) The commissioner shall deposit all sums collected under this section with the state treasurer for credit to the general fund.
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