2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 37 - MECHANICAL BREAKDOWN INSURANCE
SECTION 26-37-107. - Mechanical breakdown insurance organizations; revocation or suspension of certificate of authority.
26-37-107. Mechanical breakdown insurance organizations; revocation or suspension of certificate of authority.
(a) The commissioner shall revoke or suspend the certificate of authority issued to any mechanical breakdown insurance organization under W.S. 26-37-106 if after a hearing in accordance with W.S. 26-2-125 through 26-2-129, he finds the organization:
(i) Violates any provision of this chapter or chapter 13 of this code;
(ii) Is insolvent;
(iii) Has assets less than its liabilities;
(iv) Refuses or any officer refuses to submit to an examination; or
(v) Is transacting business fraudulently.
(b) The commissioner shall give public notice of any revocation or suspension under this section in a manner he deems proper.
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