Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 38 - REGULATIONS GOVERNING ALLOCATION OF PREMIUM FOR THE PURPOSE OF TAXATION
Section 38-3 - Proper Proportionate Allocation of Premium Taxes
Universal Citation: WY Code of Rules 38-3
Current through September 21, 2024
(a) For the purpose of reporting and paying premium taxes, the amount of premium or consideration for insurance as to persons, property, subjects or risks in Wyoming insured, or covered under policies or contracts covering persons, property, subjects, or risks located or resident in more than one (1) state, shall be determined as follows:
(i) The result obtained when the percentage
derived by dividing the number of Wyoming risks by the total number of risks
under such policy or contract is multiplied by the total direct premium income
derived from the policy or contract; or
(ii) The exact amount of premium or
consideration collected from or on behalf of each person, property, subject or
risk which is, in fact, located, resident or to be performed in
Wyoming.
Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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