Wyo. Stat. Ann. tit. 26, ch. 9, 26-9-101 to 26-9-235, complete chapter: Agencies and Adjusters

What this document is

Wyo. Stat. Ann. tit. 26, ch. 9 - Agencies and Adjusters (26-9-101 to 26-9-235, complete chapter) 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 property & casualty, wyoming personal lines 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. § 26-9-220(f) (Insurance consultants)

  “(f) An insurance producer who is also licensed as a consultant under this section shall not act in the dual capacity of an insurance producer and a consultant in the same insurance transaction.”

• Wyo. Stat. Ann. § 26-9-224(a) (Scope of broker's authority; broker's commissions)

  “(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.”

• Wyo. Stat. Ann. § 26-9-216(a) (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.”

• Wyo. Stat. Ann. § 26-9-230(a) (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 process issued in this state in any action or proceeding against the...”

• Wyo. Stat. Ann. § 26-9-226(c) ("Controlled business" restrictions)

  “If commissions on controlled business transacted by an insurance producer payable in one (1) calendar year exceed the commissions on other insurance business transacted by the licensee and payable in the same year, the receipt of the excess commissions is an unlawful rebate.”

• Wyo. Stat. Ann. § 26-9-206(b) (Application for license)

  “(b) A business entity acting as an insurance producer is required to obtain an insurance producer license. Application shall be made using the uniform business entity application. Before approving the application, the commissioner shall find that: (i) The business entity has paid the fees set forth...”

• Wyo. Stat. Ann. § 26-9-234(j) (Specialty limited lines producer license)

  “(j) Individuals who offer or disseminate specialty limited lines insurance whose compensation is primarily dependent on the placement of the insurance product shall obtain a specialty limited lines insurance producer license as set forth in this section.”

• Wyo. Stat. Ann. § 26-9-214(c)-(d) (Notification to commissioner of termination)

  “(c) Within fifteen (15) days after making the notification required by subsections (a) and (b) of this section, the insurer shall mail a copy of the notification to the producer at his last known address. (d) Within thirty (30) days after the producer has received the original or additional...”

• Wyo. Stat. Ann. § 26-9-209(a) (Exemption from examination)

  “(a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete an examination. This exemption is only available if the person is currently licensed in that state or if the...”

• Wyo. Stat. Ann. § 26-9-231(h) (Continuing education)

  “(h) Any person failing to submit proof required by rule of the commissioner of having met the requirements of this section and who has not been granted an extension of time within which to comply shall not have his license renewed until the person demonstrates to the satisfaction of the...”

• Wyo. Stat. Ann. § 26-9-207(c) (License)

  “(c) A licensee who allows his license to lapse may, within twelve (12) months from the due date of the continuation fee, reinstate the same license without the necessity of passing a written examination. However, a penalty equal to the amount of the continuation fee shall be required in addition to...”

• Wyo. Stat. Ann. § 26-9-211(c) (License denial, nonrenewal or revocation)

  “(c) The commissioner shall retain the authority to enforce the provisions of and impose any penalty or remedy authorized by this chapter and this code against any person who is under investigation for or charged with a violation of this chapter or this code even if the person's license or...”

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More Wyoming sources

• Wyo. Stat. Ann. ch. 26-13 art. 1 (ss. 26-13-102 to 26-13-125): Unfair Trade Practices ActState statute
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