2018 Wyoming Statutes
TITLE 26 - INSURANCE CODE
CHAPTER 9 - AGENCIES AND ADJUSTERS
ARTICLE 2 - INSURANCE PRODUCERS
SECTION 26-9-207 - License.
26-9-207. License.
(a) Unless denied licensure pursuant to W.S. 26-9-211, persons who have met the requirements of W.S. 26-9-205 and 26-9-206 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one (1) or more of the following lines of authority:
(i) Life-insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income;
(ii) Accident and health or sickness or disability-insurance coverage for sickness, bodily injury or accidental death and may include benefits for disability income;
(iii) Property-insurance coverage for the direct or consequential loss or damage to property of every kind;
(iv) Casualty-insurance coverage against legal liability, including that for death, injury or disability or damage to real or personal property;
(v) Variable life and variable annuity products-insurance coverage provided under variable life insurance contracts and variable annuities;
(vi) Personal lines-property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;
(vii) Credit-limited line credit insurance;
(viii) Any other line of insurance permitted under state laws or regulations.
(b) An individual insurance producer, adjuster or surplus lines broker license shall remain in effect unless revoked or suspended as long as on or before the last day of the month of the licensee's birthday in the second year following the issuance or renewal of the license the continuation fee set forth in W.S. 26-4-101(a) is paid, the continuing education requirements are met by the due date and a written request for continuation of the license is made to the commissioner on forms prescribed by the commissioner.
(c) An individual insurance producer, adjuster or surplus lines broker 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 the continuation fee for any continuation request received after the due date.
(d) A licensed insurance producer who is unable to comply with license renewal procedures due to military service or some other extenuating circumstance such as a long-term medical disability may request a waiver of those procedures. The producer may also request a waiver of any examination requirement or any other fine or sanction imposed for failure to comply with renewal procedures.
(e) The license shall contain the licensee's name, address, personal identification number, date of issuance, the lines of authority, the expiration date and any other information the commissioner deems necessary.
(f) Licensees shall inform the commissioner by any means acceptable to the commissioner of a change of name, address, telephone number or other contact information as defined by rule and regulation of the commissioner within thirty (30) days of the change.
(g) The commissioner may contract with nongovernmental entities, including the National Association of Insurance Commissioners or any affiliates or subsidiaries that association oversees, to perform any ministerial functions, including the collection of fees, related to licensing that the commissioner and the nongovernmental entity may deem appropriate.
(h) Repealed By Laws 2011, Ch. 60, § 3.
(j) Repealed By Laws 2011, Ch. 60, § 3.
