™Your Policy Risk Impact Agent
56 chapters · 1,073 sections in this title.
W.S. § 26-46-101 Definitions
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Definitions. (a) As used in this article: (i) "Actuary" means a person who is a member in good standing of the American Academy of Actuaries; (ii) "Managing general agent" means any person, firm, association or corporation that: (A) Acts as an agent or broker for an insurer wheth…
W.S. § 26-46-102 License required
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License required. (a) No person shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed agent or broker in this state. (b) No person shall act in the capacity of a mana…
W.S. § 26-46-103 Required contract provisions
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Required contract provisions. (a) No person acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties which: (i) Sets forth the responsibilities of each party; (ii) Where both parties sh…
W.S. § 26-46-104 Duties of insurer
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Duties of insurer. (a) The insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each managing general agent with which it has done business. (b) If a managing general agent establishes loss reserves, the insurer shall, in a…