Wyoming Statutes

Wyo. Stat. § 26-21-104 (2026)

Amount of credit life insurance.

✓ current as of May 2026

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(a) The initial amount of credit life insurance shall not
exceed the total amount repayable under the contract of
indebtedness.

     (b) If an indebtedness is repayable in substantially equal
installments, the amount of insurance shall not exceed the
scheduled or actual amount of unpaid indebtedness, whichever is
greater.

     (c) Notwithstanding subsections (a) and (b) of this
section, insurance on agricultural credit transactions not
exceeding two (2) years in duration may be written up to the
amount of the loan commitment on a nondecreasing or level term
plan.
     (d) Notwithstanding any other provision of law, insurance
on educational credit transaction commitments may be written for
the amount of the portion of that commitment that the creditor
has not advanced.

Notes of Decisions

Cited in 3 cases, 1981–2003 · leading case: Kirkwood v. Cuna Mut. Ins. Soc'y, 937 P.2d 206 (Wyo. 1997).

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Kirkwood v. Cuna Mut. Ins. Soc'y, 937 P.2d 206 (Wyo. 1997). · cites it 2× “Wyo. Stat. § 26-21-104 (1991) provides in pertinent part: (a) The initial amount of credit life insurance shall not exceed the total amount repayable under the contract of indebtedness.”

Foremost Life Ins. Co. v. Langdon, 633 P.2d 938 (Wyo. 1981). · cites it 4× “…connection with loans or other credit transactions of less than five years duration." APPENDIX B CHAPTER 21 ARTICLE 4 Term: less than 5 years not more than 10 years § 26-21-101 § 40-14-403 Insurance amount of debt, otherwise no not to exceed $25,000 Limits: limit §…”

Printis v. Bankers Life Ins., 583 S.E.2d 22 (Ga. 2003). “); W.S. § 26-21-104 (a), (b) (Wyo.). We conclude, as did the Court of Appeals and the trial court, that appellant’s complaint, “predicated upon her contention that Bankers Life illegally calculated the premium for her credit life insurance policy by including the finance charge…”

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