Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 46 - REGULATION GOVERNING PREMIUM TRUST ACCOUNTS
Section 46-10 - Record Keeping

Universal Citation: WY Code of Rules 46-10

Current through September 21, 2024

All licensees who maintain and use a trust account shall maintain, at the principal place of business, accurate accounting records kept on a consistent basis which will facilitate an audit trail. The records shall show, at a minimum, the following:

(a) Any written authorization from the insured to retain credit balances, interest, or income or funds placed in the premium trust account or from an insurer to retain interest or income on funds placed in the premium trust account;

(b) The existence and the source of any fees and commissions in the trust account;

(c) That a generally accepted form of reconciliation has been completed on a monthly basis showing transfers into and out of the account.

(d) Any other information necessary to establish compliance with these rules and regulations as specified by bulletins issued by the Insurance Commissioner.

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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