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Section 40-14-403 - Definitions — Wyoming Law | CourtGPT
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Wyoming Legal Code

Section 40-14-403 - Definitions

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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.