State statute · Wyoming

The Insurance Contract (Articles 1-2)

Wyo. Stat. Ann. tit. 26, ch. 15

Publisher: Wyoming Legislative Service Office
Edition: 2026 Budget Session
Last checked: 2026-09-02
Status: Wyoming Statutes Title 26, public domain

Edition and licensing notes

Publisher. Wyoming Legislative Service Office (wyoleg.gov)

Edition. 2026 Budget Session; statutes as they exist as of July 1, 2026

Status. Wyoming Statutes Title 26, public domain (state government edict).

Read the official text Practice questions from this source

What this document is

Wyo. Stat. Ann. tit. 26, ch. 15 - The Insurance Contract (Articles 1-2) is a state statute published by Wyoming Legislative Service Office (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. tit. 26, ch. 15 § 26-15-107 (Alteration of Application Prohibited; Exceptions)
“No alteration of any written application for any life or disability insurance policy shall be made by any person other than the applicant without his written consent, except that the insurer may make insertions for administrative purposes only in a manner as to indicate clearly that the insertions...”
Wyo. Stat. Ann. tit. 26, ch. 15 § 26-15-108(a) (Application as Evidence)
“No application for the issuance of any life or disability insurance policy or annuity contract is admissible in evidence in any action relative to the policy or contract, unless a true copy of the application is attached to or otherwise made a part of the policy or contract when issued. This...”
Wyo. Stat. Ann. tit. 26, ch. 15 § 26-15-122 (Assignment of Policies)
“The assignment entitles the insurer to deal with the assignee as the owner or pledgee of the policy in accordance with the terms of the assignment, until the insurer receives at its home office written notice of termination of the assignment or pledge, or written notice by or on behalf of some...”
Wyo. Stat. Ann. tit. 26, ch. 15 § 26-15-102(a) (Life Insurance Upon Individual in Whom Insurable Interest Exists)
“Except as provided in W.S. 26-15-103, no person shall procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits under the contract are payable to the individual insured or his personal representatives, or to a person having, at the time...”
Wyo. Stat. Ann. tit. 26, ch. 15 § 26-15-109(a) (Statements in Applications as Representations and Not as Warranties; Misrepresentations)
“Misrepresentations, omissions, concealment of facts and incorrect statements do not prevent a recovery under the policy or contract unless either: (i) Fraudulent; or (ii) Material either to the acceptance of the risk, or to the hazard the insurer assumes; or (iii) The insurer in good faith, if it...”
Wyo. Stat. Ann. § 26-15-119(b) (Binders and other contracts for temporary insurance)
“(b) No binder is valid beyond the issuance of the policy with respect to which it is given, or beyond ninety (90) days from its effective date, whichever period is shorter.”
Wyo. Stat. Ann. § 26-15-124(b) (Claim to be accepted or rejected; attorney's fee)
“(b) Claims for benefits under a property or casualty insurance policy shall be rejected or accepted and paid by the insurer or its agent designated to receive those claims within forty-five (45) days after receipt of the claim and supporting bills.”
Wyo. Stat. Ann. § 26-15-104(a) (Insurable interest in property; "insurable interest" defined)
“(a) No contract of insurance of property or of any interest in property or arising from property is enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured at the time of the loss.”
Wyo. Stat. Ann. § 26-15-109(a) (Statements in applications as representations and not as warranties; misrepresentations)
“(a) Any statements and descriptions in any application for an insurance policy or annuity contract, by or in behalf of the insured or annuitant, are representations and not warranties. Misrepresentations, omissions, concealment of facts and incorrect statements do not prevent a recovery under the...”
Wyo. Stat. Ann. § 26-15-121(a) (Renewal by certificate or endorsement)
“(a) Except as provided in subsection (b) of this section, any insurance policy terminating by its terms at a specified expiration date, and not otherwise renewable, may be renewed or extended: (i) At the insurer's option; (ii) Upon a currently authorized policy form and at the premium rate then...”
Wyo. Stat. Ann. § 26-15-110(a) (Filing and approval of application forms)
“As to forms for use in property, marine, other than wet marine and transportation insurance, casualty and surety insurance coverages, the filing required by this subsection may be made by advisory and rating organizations on behalf of their members and subscribers. This provision does not prohibit...”
Wyo. Stat. Ann. § 26-15-128(a) (Insurer's acts not constituting waiver of policy provisions or defenses)
“(a) None of the following acts by or on behalf of an insurer constitutes a waiver of any provision of a policy, or of any right, or of any defense of the insurer thereunder or otherwise: (i) Acknowledgment of the receipt of notice of loss or claim under the policy; (ii) Furnishing forms for...”

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Questions about this source

Wyo. Stat. Ann. tit. 26, ch. 15 - The Insurance Contract (Articles 1-2) is a state statute published by Wyoming Legislative Service Office (wyoleg.gov). Edition: 2026 Budget Session; statutes as they exist as of July 1, 2026.

No. This page summarizes the document and links to the official version. Always rely on the text published by Wyoming Legislative Service Office (wyoleg.gov) for the current law.

Practice questions for Wyoming Life & Health, Wyoming Property & Casualty cite this document.

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