044-38 Wyo. Code R. §§ 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.
Notes
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