2020 Wyoming Statutes
Title 26 - Insurance Code
Chapter 11 - Nonadmitted Insurance
Section 26-11-124 - Independently Procured Insurance; Duty to Report and Pay Tax.
26-11-124. Independently procured insurance; duty to report and pay tax.
(a) Each insured whose home state is this state and who independently procures, continues or renews insurance with a nonadmitted insurer, other than insurance procured through a surplus lines broker, shall, within forty-five (45) days after the date the insurance was so procured, continued or renewed, file a report with the commissioner, in the form and manner prescribed by the commissioner, showing the name and address of the insured or insureds, name and address of the insurer, the subject of insurance, a general description of the coverage, the amount of premium currently charged and additional pertinent information requested by the commissioner.
(b) The insured is subject to the same tax and clearinghouse service fee payment requirements as apply to a surplus lines broker in W.S. 26-11-118.
(c) This section does not abrogate or modify, and shall not be construed or deemed to abrogate or modify any other provision of this chapter.
(d) This section does not authorize independent procurement of accident and health or sickness or disability insurance.
