A trust account need not be maintained if a licensee does not receive funds in a fiduciary capacity, i.e., where the insured pays premium on a direct bill basis or where the licensee simply forwards the insured's premium check or money order to the insurer and such check or money order is made payable to the insurer. A trust account need not be maintained if the licensee deposits within five business days from receipt, all premium received from an insured directly into an account owned by the insurer entitled to the premiums.
044-46 Wyo. Code R. § 46-9