Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 31 - POLICY FEE-PREMIUM REGULATION
Section 31-3 - Definition of Policy Fee

Universal Citation: WY Code of Rules 31-3
Current through September 21, 2024

A policy fee means any sum of money by whatever name called that is directly or indirectly, collected from an insured, by an insurer or its insurance agent or broker as a consideration for insurance, which sum of money is added to the premium the insured would otherwise pay. A policy fee shall not be interpreted to include the cost of medical examinations required by a life insurer pursuant to W.S. § 26-13-121(b), nor shall it include sums collected for taxes by surplus lines brokers.

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