§ 26-11-102 — Home state regulation of nonadmitted insurance; exemptions

Wyoming § 26-11-102

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 11: NONADMITTED INSURANCE

Text

(a) This chapter does not apply to reinsurance or to the
following insurances when placed by licensed insurance producers
or surplus lines brokers of this state or when procured directly
by an insured from a nonadmitted insurer:
(i) Wet marine and transportation insurance;
(ii) Repealed by Laws 2020, ch. 45, § 2.
(iii) Insurance on operations of railroads engaged in
transportation in interstate commerce and their property used in
those operations;
(iv) Insurance on aircraft owned or operated by
manufacturers of aircraft, or on aircraft operated in commercial
interstate flight, or cargo of that aircraft, or against
liability, other than worker's compensation and employer's
liability, arising out of the ownership, maintenance or use of
that aircraft.
(b) The placement of nonadmitted insurance shall be
subject to the statutory and regulatory requirements solely of
the insured's home state.
(c) This section shall not be construed to preempt any
state law, rule or regulation that restricts the placement of
workers' compensation insurance or excess insurance for self-
funded workers' compensation plans with a nonadmitted insurer.