If a creditor contracts for or receives a separate charge for insurance against loss of or damage to property, the risk of loss or damage not willfully caused by the debtor is on the debtor only to the extent of any deficiency in the effective coverage of the insurance, even though the insurance covers only the interest of the creditor.
Wyo. Stat. Ann. § 40-14-451
Risk of loss or damage
Known as the Uniform Consumer Credit Code
The act spans §§ 40-14-201 to 40-14-649 (172 sections).
Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.