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2018 Wyoming Statutes
TITLE 26 - INSURANCE CODE
CHAPTER 21 - CREDIT LIFE AND DISABILITY INSURANCE
SECTION 26-21-111 - Premium not deemed interest; gains to creditor not violation.
Universal Citation: WY Stat § 26-21-111 (2018)
26-21-111. Premium not deemed interest; gains to creditor not violation.
The premium or cost of credit life or credit disability insurance when issued through any creditor is not deemed interest or charges, or consideration or an amount in excess of permitted charges in connection with the loan or other credit transaction. Any gain or advantage to the creditor arising out of the premium or commission or dividend from the issuance of the insurance is not a violation of any other law of this state.
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