Title 26 — Title 26 — Insurance Code

56 chapters · 1,242 sections in this title.

1,242 sectionsFiltered byTitle 26

W.S. § 26-9-210 Temporary licensing
1.8K chars
Temporary licensing. (a) The commissioner may issue a temporary insurance producer license for a period not to exceed one hundred eighty (180) days without requiring an examination if the commissioner deems that the temporary license is necessary for the servicing of an insurance…
W.S. § 26-9-211 License denial, nonrenewal or revocation
4.5K chars
License denial, nonrenewal or revocation. (a) The commissioner may, after appropriate notice and opportunity for hearing pursuant to the Wyoming Administrative Procedure Act and in accordance with W.S. 26-2-125 through 26-2-129, place on probation, suspend, revoke or refuse to is…
W.S. § 26-9-212 Commissions
1.1K chars
Commissions. (a) An insurer or insurance producer shall not pay a commission, service fee, brokerage or other valuable consideration to a person for selling, soliciting or negotiating insurance in this state if that person is required to be licensed under this chapter and is not …
W.S. § 26-9-213 Appointments
1.3K chars
Appointments. (a) An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. (b) To appoint a produc…
W.S. § 26-9-214 Notification to commissioner of termination
5.0K chars
Notification to commissioner of termination. (a) An insurer or authorized representative of the insurer that terminates the appointment, employment, contract or other insurance business relationship with a producer for any reason shall notify the commissioner within thirty (30) d…
W.S. § 26-9-215 Reciprocity
0.5K chars
Reciprocity. (a) The commissioner shall waive any requirements for a nonresident license applicant with a valid license from his home state, except the requirements imposed by W.S. 26-9-208, if the applicant's home state awards nonresident licenses to residents of this state on t…
W.S. § 26-9-216 Reporting of actions
0.7K chars
Reporting of actions. (a) A licensee shall report to the commissioner any administrative action taken against the licensee in another jurisdiction or by another governmental agency in this state within thirty (30) days of the final disposition of the matter. This report shall inc…
W.S. § 26-9-217 Regulations; limitation
0.2K chars
Regulations; limitation. (a) The commissioner may, in accordance with W.S. 26-2-110 promulgate reasonable regulations as are necessary or proper to carry out the purposes of this chapter. (b) Repealed By Laws 2007, Ch. 43, § 1.
W.S. § 26-9-218 Repealed By Laws 2011, Ch
0.0K chars
Repealed By Laws 2011, Ch. 60, § 3.
W.S. § 26-9-219 Adjuster's license; exception; notification
0.3K chars
Adjuster's license; exception; notification. (a) Application for license as an adjuster shall be made to the commissioner on forms he prescribes and furnishes. The commissioner shall issue the license as to qualified individuals upon payment of the license application fee stated …
W.S. § 26-9-220 Insurance consultants
1.9K chars
Insurance consultants. (a) No person shall be held out to the public as an insurance consultant for hire unless a license as such has been issued in accordance with this section. (b) An application for a license to act as an insurance consultant for hire shall be made to the comm…
W.S. § 26-9-221 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 15, § 3.
W.S. § 26-9-222 Repealed By Laws 2011, Ch
0.0K chars
Repealed By Laws 2011, Ch. 60, § 3.
W.S. § 26-9-223 Repealed by Laws 2004, Ch
0.0K chars
Repealed by Laws 2004, Ch. 7, § 2.
W.S. § 26-9-224 commissions
0.5K chars
commissions. Scope of broker's authority; broker's (a) Any insurance producer acting in the capacity of a broker is not an agent or other representative of an insurer and does not have power by his own acts to obligate the insurer upon any risk or by any insurance transaction. (b…
W.S. § 26-9-225 Broker and agent license combinations
0.3K chars
Broker and agent license combinations. The sole relationship between an insurance producer acting in the capacity of a broker and an insurer as to which he is then appointed as an agent, as to transactions arising during the existence of that agency appointment, is that of insure…
W.S. § 26-9-226 "Controlled business" restrictions
1.6K chars
"Controlled business" restrictions. (a) The commissioner shall not grant, renew, continue or permit to exist any license as an insurance producer if he finds that the license has been or is being used principally for the purpose of writing "controlled business" as follows: (i) In…
W.S. § 26-9-227 Authority under license to transact business; nontransferability
0.4K chars
Authority under license to transact business; nontransferability. Any licensee under this chapter may transact business as authorized by the license throughout the state of Wyoming. No city, county or other political subdivision of this state shall require any other or further pe…
W.S. § 26-9-228 Place of business of licensees; display of licenses; records
1.4K chars
Place of business of licensees; display of licenses; records. (a) Each resident insurance producer shall have and maintain in this state a place of business accessible to the public and in which the licensee principally conducts transactions under his license. The address of the …
W.S. § 26-9-229 Reporting and accounting for premiums
1.4K chars
Reporting and accounting for premiums. (a) Any premiums or return premiums received by an insurance producer are trust funds received in a fiduciary capacity, and the producer, in the regular course of business, shall account for and pay the funds to the insured, insurer or insur…
W.S. § 26-9-230 Service of process on nonresident producers
1.1K chars
Service of process on nonresident producers. (a) Application for and acceptance of a license as a nonresident insurance producer or surplus lines broker constitutes irrevocable appointment of the commissioner as the attorney of the licensee for the acceptance of service of proces…
W.S. § 26-9-231 (d) A business entity licensed as a specialty limited lines producer shall keep a register of each location at which insurance is offered on the licensed business entity's behalf
3.4K chars
(d) A business entity licensed as a specialty limited lines producer shall keep a register of each location at which insurance is offered on the licensed business entity's behalf. (e) A business entity licensed as a specialty limited lines producer for specialty limited lines ins…
W.S. § 26-9-232 Repealed by Laws 2022, ch
0.0K chars
Repealed by Laws 2022, ch. 46, § 3.
W.S. § 26-9-233 Assumed names
0.2K chars
Assumed names. An insurance producer doing business under any name other than the producer's legal name is required to notify the insurance commissioner prior to using the assumed name.
W.S. § 26-9-234 Specialty limited lines producer license
1.1K chars
Specialty limited lines producer license. (a) The commissioner may issue to an applicant a specialty limited lines producer license for the sale, solicitation or delivery of specialty lines insurance where the sale of the product is ancillary to the business of the person offerin…
W.S. § 26-9-235 Licensing examination review panel
2.5K chars
Licensing examination review panel. (a) The commissioner shall review the procedures for administering examinations required by this chapter no less than every three (3) years. The review shall include consideration of employing outside testing services as authorized by W.S. 26-9…
W.S. § 26-10-101 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-102 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-103 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-104 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-105 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-106 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-107 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-108 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-10-109 Repealed by Laws 2017, ch
0.0K chars
Repealed by Laws 2017, ch. 9, § 3.
W.S. § 26-11-101 Short title
0.1K chars
Short title. This chapter constitutes and may be cited as the "Nonadmitted Insurance Law".
W.S. § 26-11-102 exemptions
1.2K chars
exemptions. Home state regulation of nonadmitted insurance; (a) This chapter does not apply to reinsurance or to the following insurances when placed by licensed insurance producers or surplus lines brokers of this state or when procured directly by an insured from a nonadmitted …
W.S. § 26-11-103 (a) Definitions
7.1K chars
(a) Definitions. As used in this chapter: (i) "Admitted insurer" means an insurer authorized to transact the business of insurance in this state; (ii) Repealed by Laws 2020, ch. 45, § 2. (iii) "Export" means to place surplus lines insurance with a nonadmitted insurer; (iv) "Home …
W.S. § 26-11-104 Conditions for export
3.7K chars
Conditions for export. (a) If certain insurance coverages cannot be procured from admitted insurers, those coverages, designated in this chapter as "surplus lines", may be procured from nonadmitted insurers, subject to the following conditions: (i) The insurance shall be procured…
W.S. § 26-11-105 Surplus lines transaction report
0.8K chars
Surplus lines transaction report. (a) Within forty-five (45) days after placing any surplus line insurance for an insured whose home state is this state, each surplus lines broker shall execute and file a report regarding the insurance coverage which shall be kept confidential by…
W.S. § 26-11-106 Open lines for export
0.6K chars
Open lines for export. (a) The commissioner, by order, may declare eligible for export generally and without compliance with W.S. 26-11104(a)(ii) and (iii), any type of insurance coverage or risk for which he finds, after notice and a hearing, that there is not a reasonable or ad…
W.S. § 26-11-107 Requirements for eligible nonadmitted insurers; publication of eligible insurers
3.6K chars
Requirements for eligible nonadmitted insurers; publication of eligible insurers. (a) Repealed By Laws 2012, Ch. 37, § 3. (b) Repealed By Laws 2012, Ch. 37, § 3. (c) The commissioner may issue an order of ineligibility if he finds or has reason to believe that the insurer: (i) Do…
W.S. § 26-11-108 Evidence of surplus lines insurance
3.1K chars
Evidence of surplus lines insurance. (a) Upon placing surplus lines insurance coverage, the surplus lines broker shall promptly issue and deliver to the insured or the producer the policy, or if the policy is not then available, a certificate as described in subsection (f) of thi…
W.S. § 26-11-109 Required information on surplus lines contracts; duty to notify insured
1.6K chars
Required information on surplus lines contracts; duty to notify insured. (a) Every new or renewed insurance contract, certificate, cover note or other confirmation of insurance that is procured and delivered as a surplus lines coverage pursuant to this chapter shall have stamped …
W.S. § 26-11-110 insurance
0.3K chars
insurance. Enforceability and validity of nonadmitted Insurance contracts procured from nonadmitted insurers in accordance with this chapter are fully valid and enforceable as to all parties and shall be given recognition in all matters and respects to the same effect as like con…
W.S. § 26-11-111 Liability of insurer as to losses and unearned premiums; applicability of section to insurers
0.9K chars
Liability of insurer as to losses and unearned premiums; applicability of section to insurers. (a) As to a surplus line risk which is assumed by a nonadmitted insurer pursuant to this chapter, and if the premium thereon is received by the surplus line broker who placed the insura…
W.S. § 26-11-112 Surplus lines broker's license; authority for issuance; application; fee; applicable law
2.2K chars
Surplus lines broker's license; authority for issuance; application; fee; applicable law. (a) Repealed By Laws 2012, Ch. 37, § 3. (b) Repealed By Laws 2012, Ch. 37, § 3. (c) Repealed By Laws 2012, Ch. 37, § 3. (d) Repealed By Laws 2012, Ch. 37, § 3. (e) For insureds whose home st…
W.S. § 26-11-113 Surplus lines broker's license; suspension or revocation; grounds; procedure
1.9K chars
Surplus lines broker's license; suspension or revocation; grounds; procedure. (a) The commissioner may, after appropriate notice and opportunity for hearing pursuant to the Wyoming Administrative Procedure Act and in accordance with W.S. 26-2-125 through 26-2-129, place on probat…
W.S. § 26-11-114 Surplus line broker's bond
0.8K chars
Surplus line broker's bond. Prior to issuance of a license as a surplus line broker, the applicant shall file with the commissioner and thereafter for as long as the license remains in effect shall keep in force a bond in favor of the state of Wyoming in the penal sum of ten thou…
W.S. § 26-11-115 Surplus lines broker may accept and place business from producers
0.3K chars
Surplus lines broker may accept and place business from producers. A licensed surplus lines broker may accept and place surplus line business for any insurance producer licensed in this state for the kind of insurance involved and may compensate the producer therefor.