Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 46 - REGULATION GOVERNING PREMIUM TRUST ACCOUNTS
Section 46-2 - Definitions

Universal Citation: WY Code of Rules 46-2

Current through September 21, 2024

For the purpose of this regulation, the following definitions apply:

(a) "Licensee" means a producer, agent, or any other person holding a license issued by the Wyoming Insurance Department.

(b) "Qualified Financial Institution" has the same meaning as in W.S. § 26-5-114.

(c) "Trust Account" or "Premium Trust Account" means an account held in a Qualified Financial Institution for the purpose of holding premium payments, but excludes accounts into which premiums are deposited that are owned by the insurer entitled to the premiums.

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