Current through the 2024 legislative session
Section 40-14-403 - Definitions(a) In this act: (i) "Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: (A) Insurance provided in relation to a credit transaction in which a payment is scheduled more than ten (10) years after the extension of credit;(B) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or(C) Insurance indemnifying the creditor against loss due to the debtor's default.(ii) "Credit Insurance Act" means W.S. 26-21-101 through 26-21-114 and 26-23-201.