STATE OF WYOMING
SCHEDULE OF COMPANY FEES, TAXES AND DEPOSITS
Life, Disability, Annuity, Property and Casualty, Title, Fraternal and Health Maintenance Organizations
| Section I - Fees | |||
| Admission Fees (due at time of application) | |||
| Certificate of Authority application fee (Except Fraternals) | $ 750.00 | ||
| Fraternals | 250.00 | ||
| Annual Fees (due by March 1) | |||
| Annual Statement Filing Fee (Except Fraternals and HMOs) | $ 500.00 | ||
| Annual Statement Filing Fee for Fraternals | 250.00 | ||
| Annual Renewal Fee for Fraternals | 250.00 | ||
| Annual Certificate of Authority for HMOs | 500.00 | ||
| Other Fees | |||
| Filing of Charter Documents (other than those filed with application for certificate of authority) | $ 10.00 | ||
| Service of Process, acceptance | 10.00 | ||
| Certification of any document and affixing seal of office thereto | 15.00 | ||
| Copies of documents on file with the Department (per page) | .50 | ||
| Section II - Taxes | |||
| Premium Taxes (W.S. § 26-4-103) | |||
| Quarterly estimates due April 30, July 31, and October 31. Final tax return due by March 1. | |||
| Tax on Direct Written Premiums (Except Annuities and Wet Marine & Transportation) | .75% | ||
| Tax on Annuities | 1% | ||
| Tax on Gross Underwriting Profit of Wet Marine & Transportation Insurance | .75% | ||
| Section III - Deposits | |||
| General Deposit to operate in the state (in place at the time of admission) | |||
| Life | $200,000 | ||
| Disability | 100,000 | ||
| Life & Disability | 200,000 | ||
| Property | 100,000 | ||
| Casualty (excluding surety) | 100,000 | ||
| Casualty (including surety) | 150,000 | ||
| Multiple line | 200,000 | ||
| Hail-crop | 100,000 | ||
| Title (domestic insurers) | 50,000 | ||
| Title (foreign insurers) | 100,000 | ||
| Pursuant to W.S. § 26-3-111(b), the commissioner shall accept the certificate in proper form from the insurer's domestic state, if the deposit in trust is for the protection of all policyholders wherever located. | |||
| Special Deposits | |||
| Pursuant to W.S. § 26-3-111(e), the commissioner may require a foreign insurer to make and maintain in trust in this state, through the commissioner, a deposit of cash or eligible securities, in an amount the commissioner specifies, for the sole protection of an insurer's policyholders located in Wyoming. | |||
| NOTE: | Wyoming is a retaliatory state and all fees, premium taxes, deposits and other charges will be charged at the rate in Wyoming law or the rate charged by the domiciliary state, whichever is higher. W.S. § 26-3-130. | ||
If you have any questions or need assistance, please contact Linda Johnson at:
Phone: 307-777-5619 Fax: 307-777-2446 Email: ljohns1@state.wy.us
Information last reviewed/updated: 04/26/01.