Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 2 - FUNERAL CONTRACT TRUST FUNDS
Section 2-3 - Deposit of Funds with Depository

Universal Citation: WY Code of Rules 2-3
Current through September 21, 2024

Not less than 100% of all funds received by the contract seller shall be deposited in the depository or otherwise invested pursuant to Section 4 of these regulations within thirty days after receipt thereof by a contract seller. Such funds shall be deposited under the terms of a depository agreement in a form to be approved by the insurance commissioner. Such funds deposited shall be held pursuant to the provisions of this article. The contract seller, at the time of each deposit of funds, shall make a record of the name of each contract buyer and the amount of the payment made by the contract buyer for which deposit is then being made, and shall keep such record, as to each contract buyer, until three years after the death of the decedent.

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