Title 26 — Title 26 — Insurance Code
56 chapters · 1,242 sections in this title.
W.S. § 26-37-101 Short title
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Short title. This chapter is known and may be cited as the "Mechanical Breakdown Insurance Act".
W.S. § 26-37-102 (a) Definitions
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(a) Definitions. As used in this chapter: (i) "Agent" means a person licensed as a casualty insurance agent in this state and appointed by a mechanical breakdown insurer as its agent under this code; (ii) commissioner; "Commissioner" means the state insurance (iii) insurance; "De…
W.S. § 26-37-103 Authorization required
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Authorization required. Except as otherwise provided in this chapter, no person shall transact mechanical breakdown insurance in this state unless authorized by the commissioner.
W.S. § 26-37-104 Mechanical breakdown insurers; authorization required; application; fee; issuance; renewal; revocation and suspension
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Mechanical breakdown insurers; authorization required; application; fee; issuance; renewal; revocation and suspension. (a) Any person holding a subsisting certificate of authority to transact casualty insurance in this state may apply to the commissioner for authorization to tran…
W.S. § 26-37-105 Agents of mechanical breakdown insurers
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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…
W.S. § 26-37-106 Mechanical breakdown insurance organizations; applications for certificates of authority; fee; issuance
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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…
W.S. § 26-37-107 Mechanical breakdown insurance organizations; revocation or suspension of certificate of authority
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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…
W.S. § 26-37-108 Mechanical breakdown insurance organizations; bond, deposit or contractual liability insurance requirement; amounts; purpose; release; modification of initial order
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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…
W.S. § 26-37-109 Appointment of commissioner as attorney for mechanical breakdown insurance organization; service of process
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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…
W.S. § 26-37-110 Examination of mechanical breakdown insurance organizations; audited financial statement
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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.…
W.S. § 26-37-111 Mechanical breakdown insurance organizations; solicitations to purchase
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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…
W.S. § 26-37-112 Mechanical breakdown insurance organizations; misrepresentations as to service contracts
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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…
W.S. § 26-37-113 Mechanical breakdown insurance organizations; validity of policy
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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.
W.S. § 26-37-114 Mechanical breakdown insurance organizations; required dealer's license
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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.
W.S. § 26-37-115 Mechanical breakdown insurance organizations; application for dealer's license
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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…
W.S. § 26-37-116 Mechanical breakdown insurance organizations; general conditions for issuance or renewal of dealer's license
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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…
W.S. § 26-37-117 Mechanical breakdown insurance organizations; qualifications for dealer's license
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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…
W.S. § 26-37-118 Mechanical breakdown insurance organizations; form and content of dealer's license
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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…
W.S. § 26-37-119 Mechanical breakdown insurance organizations; annual renewal of dealer's license; fee
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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.
W.S. § 26-37-120 Mechanical breakdown insurance organizations; grounds for suspension, revocation or refusal to renew dealer's license generally
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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…
W.S. § 26-37-121 Mechanical breakdown insurance organizations; grounds for suspension, revocation or refusal of dealer's license of firm, partnership or corporation
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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…
W.S. § 26-37-122 Mechanical breakdown insurance organizations; surrender of revoked or suspended license certificate
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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.
W.S. § 26-37-123 Mechanical breakdown insurance organizations; representatives of dealers; registration required
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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.
W.S. § 26-37-124 Mechanical breakdown insurance organizations; representatives of dealers; registration requirements; fee; renewal; suspension or revocation
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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…
W.S. § 26-37-125 Types of mechanical breakdown insurance; policy and certificate forms; issuance of policies and certificates
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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…
W.S. § 26-37-126 Filing and approval of contracts; annual reports by organizations
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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…
W.S. § 26-37-127 Rules and regulations
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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.
W.S. § 26-37-128 Penalty for violation
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Penalty for violation. Any violation of this chapter is punishable as provided by W.S.