Wyo. Stat. Ann. tit. 26, ch. 31

What this document is

Wyo. Stat. Ann. tit. 26, ch. 31 - Wyoming Insurance Guaranty Association Act (26-31-101 to 26-31-117) 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. § 26-31-102 (Applicability)

  “This chapter applies to all kinds of direct insurance, except life, title, surety, disability, credit, mortgage guaranty and ocean marine insurance.”

• Wyo. Stat. Ann. § 26-31-111(a) (Exhaustion of remedies under policy; claims recoverable from more than one association; claim limitation)

  “Any person having a claim against an insurer under an insurance policy other than a policy of an insolvent insurer which is also a covered claim, shall first exhaust his right under the policy. Any amount payable on a covered claim under this chapter shall be reduced by the amount of any recovery...”

• Wyo. Stat. Ann. § 26-31-106(d) (Duties and powers of association)

  “Payment of covered claims by the association pursuant to this chapter shall be made to the claimant or insured and not to the insurer or an agent of the insurer on behalf of the insured.”

• Wyo. Stat. Ann. § 26-31-106(c) (Duties and powers of association)

  “(c) Notwithstanding subsection (a) of this section, the association: (i) Shall pay the full amount of a covered claim for benefits under worker's compensation coverage; (ii) Shall pay not more than seven thousand five hundred dollars ($7,500.00) per policy for a covered claim for return of each...”

• Wyo. Stat. Ann. § 26-31-111(b) (Exhaustion of remedies under policy; claims recoverable from more than one association; claim limitation)

  “Any person having a claim which may be recovered under more than one (1) insurance guaranty association or its equivalent shall seek recovery first from the association of the insured's place of residence, except that if it is a first party claim for damage to property with a permanent location, he...”

• Wyo. Stat. Ann. § 26-31-111(c) (Exhaustion of remedies under policy; claims recoverable from more than one association; claim limitation)

  “(c) Notwithstanding any provision in this chapter, a covered claim shall not include any claim filed with the association after the earlier of: (i) The final date set by the court for the filing of claims against the liquidator or receiver of an insolvent insurer; or (ii) Twenty-five (25) months...”

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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
• Wyo. Stat. Ann. ss. 26-9-203 to 26-9-211: Producer license required and disciplineState statute
• Wyo. Stat. Ann. ss. 26-16-102 to 26-16-120: Standard provisions required in life insurance policiesState statute
• Wyo. Stat. Ann. ch. 26-18 (ss. 26-18-104 to 26-18-307): Disability (accident and health) policy provisionsState statute
• Wyo. Stat. Ann. tit. 26, ch. 19 - Group and Blanket Disability Insurance (incl. Group Coverage Replacement Act and Small Employer Health Insurance Availability Act)State statute
• Wyo. Stat. Ann. tit. 26, ch. 17 - Group Life Insurance (Group Life Insurance Law)State statute
• Wyo. Stat. Ann. tit. 26, ch. 42 - Wyoming Life and Health Insurance Guaranty Association ActState statute
• Wyo. Stat. Ann. tit. 26, ch. 15 - The Insurance Contract (Articles 1-2)State statute