020-7 Wyo. Code R. § 7-5
(a) Premium rates may be established by an actuarial evaluation of the mine subsidence risk in Wyoming. Premiums shall be calculated to cover the expenses of administration, the cost of anticipated claims and establishment of a reserve to cover catastrophic losses and ensure solvency of the Mine Subsidence Insurance Program.
(b) Based upon actuarial evaluation premium rates for residential structures shall be set by the Governor within the range of $1.75 and $2.25 per thousand of coverage, and $2.75 and $3.25 per thousand for coverage on commercial structures.
(c) Premiums shall be payable on an annual basis.
(d) Premiums shall be paid by the State of Wyoming or its contractors if the property has been identified, in accordance with Section 3 of this Chapter, as in an area that may reasonably be at risk from subsidence due to AML mitigation work.
020-7 Wyo. Code R. § 7-5
Amended, Eff. 6/29/2018.