Wyo. Stat. Ann. tit. 26, ch. 35

What this document is

Wyo. Stat. Ann. tit. 26, ch. 35 - Cancellation, Renewal and Nonrenewal of Policies (26-35-101 to 26-35-204) 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. § 26-35-202(a) (Mid-term cancellation; grounds; notice; exception)

  “(a) An insurance policy or renewal shall not be cancelled by an insurer prior to the expiration of the term stated in the policy, except for any one (1) of the following reasons:”

• Wyo. Stat. Ann. § 26-35-204(c) (Renewal with altered terms; notice)

  “If the insurer fails to furnish the renewal terms and statement of premium due in the manner required by this section, the insured may elect to cancel the renewal policy within the forty-five (45) day period following receipt of the renewal terms and statement of premium due. Earned premium for any...”

• Wyo. Stat. Ann. § 26-35-202(b) (Mid-term cancellation; grounds; notice; exception)

  “(b) Cancellation under paragraph (a)(i), (iii) or (iv) of this section shall not be effective unless written notice stating the precise reason for cancellation has been made as provided in W.S. 26-35-101: (i) Not less than ten (10) days prior to the proposed effective date of cancellation if...”

• Wyo. Stat. Ann. § 26-35-203(c) (Nonrenewal; notice)

  “(c) Any notice of nonrenewal under this section shall state the precise reason for nonrenewal. There shall be no liability on the part of an insurer for stated reasons of nonrenewal given in good faith pursuant to this article.”

• Wyo. Stat. Ann. § 26-35-105 (Issuance or renewal with exclusions)

  “An insurer may in lieu of nonissuance, cancellation, nonrenewal or premium increase offer to issue, continue or renew a motor vehicle insurance policy but to exclude from coverage, by name, the person whose claim experience or driving record would have justified the nonissuance, premium increase,...”

• Wyo. Stat. Ann. § 26-35-204(b) (Renewal with altered terms; notice)

  “(b) The renewal terms and statement of premium due shall be given pursuant to W.S. 26-35-101 not less than forty-five (45) days, or if the policy is a professional health care malpractice liability policy not less than ninety (90) days, prior to the expiration or anniversary date of the original...”

• Wyo. Stat. Ann. § 26-35-102 (Refund of unearned premium upon cancellation)

  “Any insurer who cancels a policy of insurance in accordance with this chapter shall, prior to cancellation, refund any unearned premium to the policyholder.”

• Wyo. Stat. Ann. § 26-35-103(c) (Prohibited practices)

  “If a policy has been issued for a term longer than one (1) year, and for additional premium consideration an annual premium has been guaranteed, it shall be unlawful for the insurer to increase that annual premium during the term of that policy.”

• Wyo. Stat. Ann. § 26-35-202(d) (Mid-term cancellation; grounds; notice; exception)

  “If an insurance company loses its reinsurance and the loss threatens the solvency of the company, the company shall: (i) Continue coverage to the extent of its retention as to each policyholder; (ii) Notify each policyholder of the amount of coverage still present; and (iii) Refund the unearned premium.”

• Wyo. Stat. Ann. § 26-35-101 (Manner of providing notice)

  “If mailed, notice shall be deemed given when deposited in the United States mail, postage prepaid. Proof of mailing shall be sufficient proof of notice.”

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