Wyoming Statutes Title 26. Insurance Code § 26-12-102. Representing or aiding unauthorized insurers prohibited; exceptions
Current as of December 01, 2021 | Updated by FindLaw Staff
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(a) No person in this state shall:
(i) Act as agent for, or otherwise represent or aid on behalf of another, any insurer not then authorized to transact insurance in this state, in the:
(A) Solicitation, negotiation, procurement or carrying out of insurance or annuity contracts or the renewal thereof;
(B) Forwarding of applications for insurance;
(C) Dissemination of information as to coverage or rates;
(D) Inspection of risks;
(E) Fixing of rates;
(F) Investigation or adjustment of claims or losses; or
(G) Collection or forwarding of premiums.
(ii) In any other manner represent or assist that insurer in transacting insurance with respect to subjects of insurance resident, located or to be performed in this state.
(b) This section does not apply to:
(i) Matters the commissioner authorizes under W.S. 26-12-201 through 26-12-206;
(ii) Surplus lines insurance and other transactions for which the insurer is not required to have a certificate of authority pursuant to W.S. 26-3-102;
(iii) A licensed adjuster or attorney-at-law representing an unauthorized insurer in his professional capacity;
(iv) Persons in this state compensated solely by salary, who secure and furnish information for the purpose of enrolling individuals in, or issuing certificates under, or otherwise assisting in administering group life, group or blanket disability or annuity contracts lawfully solicited, issued and delivered in and pursuant to the laws of a state in which the insurer is authorized to transact business;
(v) Transactions in this state involving contracts of insurance issued to one (1) or more industrial insureds.
Cite this article: FindLaw.com - Wyoming Statutes Title 26. Insurance Code § 26-12-102. Representing or aiding unauthorized insurers prohibited; exceptions - last updated December 01, 2021 | https://codes.findlaw.com/wy/title-26-insurance-code/wy-st-sect-26-12-102.html
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