044-38 Wyo. Code R. § 38-3

Current through April 27, 2019

Section 38-3 - Proper Proportionate Allocation of Premium Taxes

(a) For the purpose of reporting and paying premium taxes, the amount of premium or consideration for insurance as to persons, property, subjects or risks in Wyoming insured, or covered under policies or contracts covering persons, property, subjects, or risks located or resident in more than one (1) state, shall be determined as follows:

• (i) The result obtained when the percentage derived by dividing the number of Wyoming risks by the total number of risks under such policy or contract is multiplied by the total direct premium income derived from the policy or contract; or

• (ii) The exact amount of premium or consideration collected from or on behalf of each person, property, subject or risk which is, in fact, located, resident or to be performed in Wyoming.

044-38 Wyo. Code R. § 38-3

Amended, Eff. 7/13/2017.