044-14 Wyo. Code R. §§ 14-2 - Definitions

As used in this act:

(a) "Policy" means any automobile policy providing automobile liability coverage, uninsured motorist coverage, automobile medical payments coverage or automobile physical damage coverage, which is delivered or issued for delivery in this state, under the motor vehicles therein designated, and are of the following types only;

(i) A motor vehicle of the private passenger or the station wagon type, which is not used as a public or livery conveyance nor rented to others; or

(ii) Any four-wheeled vehicle of the pickup, panel or sedan delivery type not used in the occupation, profession or business of the policyholder, other than farming or ranching, nor used as a public or livery conveyance nor rented to others; or

(iii) Any other four-wheel motor vehicle with a gross weight not exceeding 9,000 pounds, which is not used in the occupation, profession or business of the policyholder, other than farming or ranching, nor used as a public or livery conveyance nor rented to others; or

(iv) Motorcycles other than those used for commercial purposes; provided that these rules shall not apply:

(A) To any policy which has been in effect less than 60 days at the time notice of cancellation is mailed or delivered by the insurer unless it is a renewal policy;

(B) To any policy issued under an automobile assigned risk plan or Wyoming automobile insurance plan;

(C) To any policy insuring motor vehicles under commercial fleet plans;

(D) To any policy covering the operation of a garage, automobile sale agency, repair shop, service station or public parking place;

(E) To any policy providing insurance only on an excess basis;

(F) To any other contract providing insurance to such policyholder even though such contract may incidentally provide insurance with respect to such motor vehicles.

(b) "Renewal" or "to renew" means the issuance and delivery by an insurer of a policy effective at the end of the policy period of a policy previously issued and delivered by the same insurer to the same policyholder, or the issuance and delivery of a certificate or notice extending a policy beyond its policy period or term; provided that any policy with a policy period or term of less than six months shall for the purpose of these rules be considered as if written for a policy period or term of six months; and any policy written for a term longer than one year or any policy with no fixed expiration date shall for the purpose of this act be considered as if written for successive policy periods or terms of one year.

(c) "Nonpayment of premium" means failure of the policyholder to discharge when due any of his obligations in connection with the payment of premium on a policy or any installment of such premium, whether the premium is payable directly to the insurer or its agent or indirectly under any premium finance plan or extension of credit.

Notes

044-14 Wyo. Code R. §§ 14-2