State statute · Wyoming
Wyo. Stat. Ann. ch. 26-13 art. 1 (ss. 26-13-102 to 26-13-125): Unfair Trade Practices Act
Edition and licensing notes
Publisher. Wyoming Legislature (wyoleg.gov)
Status. Wyoming Statutes, public domain.
What this document is
Wyo. Stat. Ann. ch. 26-13 art. 1 (ss. 26-13-102 to 26-13-125): Unfair Trade Practices Act is a state statute published by Wyoming Legislature (wyoleg.gov). It is one of the Wyoming documents that insurance license exam questions are written from, including wyoming life & health, wyoming property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Wyo. Stat. Ann. § 26-13-108 (Boycott, Coercion and Intimidation)
“except that an insurer owned or controlled by an association or organization may refuse to renew a casualty or liability policy because of nonpayment of dues to the association or organization if payment of dues is a prerequisite to obtaining or continuing the insurance.”
- Wyo. Stat. Ann. § 26-13-107 (Defamation)
“No person shall make or aid, abet or encourage the making in any manner in any communication medium of any oral or written statement which is false or maliciously critical of or derogatory to an insurer's financial condition, or of an organization proposing to become an insurer, and which is made...”
- Wyo. Stat. Ann. § 26-13-103(a)(ii) (False statement on dividends previously paid)
“Make any false or misleading statement as to the dividends or share of surplus previously paid on similar policies;”
- Wyo. Stat. Ann. § 26-13-103(a)(iii) (Misrepresentation of financial condition)
“Make any misleading representation or any misrepresentation as to the financial condition of any insurer or as to the legal reserve system upon which any life insurer operates;”
- Wyo. Stat. Ann. § 26-13-103(a)(i) (Misrepresenting terms, benefits, and surplus)
“any estimate, circular or statement misrepresenting the terms of any policy issued or to be issued or the benefits or advantages promised thereby or the dividends or share of the surplus to be received thereon;”
- Wyo. Stat. Ann. § 26-13-109 (Unfair Discrimination)
“No person shall make or permit any unfair discrimination between current or prospective insureds or insured risks: (i) Repealed by Laws 2023, ch. 32, § 2. (ii) Of the same class, having similar insuring or risk characteristics and of essentially the same hazard in: (A) The amount of premium, policy...”
- Wyo. Stat. Ann. § 26-13-108 (Boycott, Coercion and Intimidation Prohibited; Exception)
“No person shall enter into any agreement to commit, or by any concerted action commit, any act of boycott, coercion or intimidation resulting in unreasonable restraint of or any monopoly in any business of insurance, except that an insurer owned or controlled by an association or organization may...”
- Wyo. Stat. Ann. § 26-13-110(b)(i) (Rebates; Permitted Practices)
“(b) Nothing in W.S. 26-13-109 or subsection (a) of this section shall prohibit any of the following practices: (i) Paying bonuses to customers or abating their premiums in whole or in part out of surplus accumulated from nonparticipating insurance, provided that any bonuses or abatement of premiums...”
- Wyo. Stat. Ann. § 26-13-109(a) (Unfair Discrimination Prohibited)
“(a) No person shall make or permit any unfair discrimination between current or prospective insureds or insured risks: (i) Repealed by Laws 2023, ch. 32, § 2. (ii) Of the same class, having similar insuring or risk characteristics and of essentially the same hazard in: (A) The amount of premium,...”
- Wyo. Stat. Ann. § 26-13-108 (Boycott, coercion and intimidation prohibited; exception)
“No person shall enter into any agreement to commit, or by any concerted action commit, any act of boycott, coercion or intimidation resulting in unreasonable restraint of or any monopoly in any business of insurance, except that an insurer owned or controlled by an association or organization may...”
- Wyo. Stat. Ann. § 26-13-110(a)(iv) (Rebates)
“(iv) Offer or provide insurance as an inducement to the purchase of another policy or use the words "free", "no cost" or similar wording in an advertisement;”
- Wyo. Stat. Ann. § 26-13-124(a)(xiii) (Unfair claims settlement practices)
“(xiii) Failing to promptly settle claims, where liability has become reasonably clear, under one (1) portion of the insurance policy coverage in order to influence settlements under other portions of the insurance policy coverage;”
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