Title 26, Title 26 — Insurance Code

Agents of mechanical breakdown insurers. (a) Upon issuance of a certificate of authority under W.S. 26-37-104, a licensed agent appointed to market the casualty insurance policies of the certified mechanical breakdown insurer within this state may market mechanical breakdown insu…

Mechanical breakdown insurance organizations; applications for certificates of authority; fee; issuance. (a) A mechanical breakdown insurance organization may file with the commissioner an application for a certificate of authority to transact mechanical breakdown insurance in th…

Mechanical breakdown insurance organizations; revocation or suspension of certificate of authority. (a) The commissioner shall revoke or suspend the certificate of authority issued to any mechanical breakdown insurance organization under W.S. 26-37-106 if after a hearing in accor…

Mechanical breakdown insurance organizations; bond, deposit or contractual liability insurance requirement; amounts; purpose; release; modification of initial order. (a) To assure the faithful performance of obligations under insolvency, each mechanical breakdown insurance organi…

Appointment of commissioner as attorney for mechanical breakdown insurance organization; service of process. Any mechanical breakdown insurance organization desiring to transact business in this state shall file with the commissioner a duly executed instrument whereby the organiz…

Examination of mechanical breakdown insurance organizations; audited financial statement. (a) Every mechanical breakdown insurance organization is subject to examination by the commissioner in the manner and under the conditions provided for examination of insurers pursuant to W.…

Mechanical breakdown insurance organizations; solicitations to purchase. No person shall solicit or aid in the solicitation of another person to purchase a policy issued by a mechanical breakdown insurance organization not having a certificate of authority procured pursuant to th…

Mechanical breakdown insurance organizations; misrepresentations as to service contracts. No mechanical breakdown insurance organization, dealer, representative or other person shall in any manner misrepresent the terms, benefits or privileges of any policy issued by the organiza…

Mechanical breakdown insurance organizations; validity of policy. Any policy made, issued or delivered contrary to this chapter shall be valid and binding on the mechanical breakdown insurance organization.

Mechanical breakdown insurance organizations; required dealer's license. No person shall act as a mechanical breakdown insurance organization dealer in this state without first procuring a license from the commissioner in accordance with W.S. 26-37-115 through 26-37-119.

Mechanical breakdown insurance organizations; application for dealer's license. (a) Application for a license as a mechanical breakdown insurance dealer shall be made to the commissioner upon forms prescribed and furnished by the commissioner. As a part of or in connection with a…

Mechanical breakdown insurance organizations; general conditions for issuance or renewal of dealer's license. (a) For the protection of the people of this state, the commissioner shall not issue or renew any mechanical breakdown insurance dealer's license: (i) Unless the applican…

Mechanical breakdown insurance organizations; qualifications for dealer's license. (a) In addition to conditions specified under W.S. 26-37-116, the commissioner shall issue a mechanical breakdown insurance dealer's license only to an individual otherwise complying with this chap…

Mechanical breakdown insurance organizations; form and content of dealer's license. (a) The commissioner shall prescribe the form of the mechanical breakdown insurance dealer's license which shall contain the: (i) Name of the licensee and his business address; (ii) Date of issuan…

Mechanical breakdown insurance organizations; annual renewal of dealer's license; fee. (a) Mechanical breakdown insurance dealers' licenses are renewable on July 1 of each year. (b) The license fee is twenty dollars ($20.00) per year.

Mechanical breakdown insurance organizations; grounds for suspension, revocation or refusal to renew dealer's license generally. (a) The commissioner may suspend, revoke or refuse to renew any mechanical breakdown insurance dealer's license issued under this chapter for any cause…

Mechanical breakdown insurance organizations; grounds for suspension, revocation or refusal of dealer's license of firm, partnership or corporation. A mechanical breakdown insurance dealer's license issued to any firm, partnership or corporation may be suspended, revoked or refus…

Mechanical breakdown insurance organizations; surrender of revoked or suspended license certificate. The holder of any mechanical breakdown insurance dealer's license which has been revoked or suspended shall immediately surrender the license certificate to the commissioner.

Mechanical breakdown insurance organizations; representatives of dealers; registration required. No person shall act as the representative of a dealer for a mechanical breakdown insurance organization unless he has first been registered with the commissioner pursuant to W.S.

Mechanical breakdown insurance organizations; representatives of dealers; registration requirements; fee; renewal; suspension or revocation. (a) Any dealer for a mechanical breakdown insurance organization shall register its representatives with the commissioner by filing an appl…

Types of mechanical breakdown insurance; policy and certificate forms; issuance of policies and certificates. (a) A mechanical breakdown insurer and a mechanical breakdown insurance organization may write mechanical breakdown insurance as individual, group, blanket or franchise i…

Filing and approval of contracts; annual reports by organizations. (a) Contracts made between the organization and its dealers and representatives and contracts with other providers of services under the mechanical breakdown insurance policy shall be filed with and approved by th…

Rules and regulations. After notice and hearing, the commissioner may promulgate rules and regulations necessary to carry out this chapter. Rules and regulations promulgated under this chapter are subject to review in accordance with W.S. 28-9-101 through 28-9-108.

Penalty for violation. Any violation of this chapter is punishable as provided by W.S.