§ 26-11-109 — Required information on surplus lines contracts; duty to notify insured

(a) Every new or renewed insurance contract, certificate,
cover note or other confirmation of insurance that is procured
and delivered as a surplus lines coverage pursuant to this
chapter shall have stamped or printed upon it, in at least ten
(10) point bold type font, the name and address of the surplus
lines broker who procured the coverage, and the following
disclosure: "This insurance contract is issued pursuant to the
Wyoming Nonadmitted Insurance Laws by an insurer neither
licensed by nor under the jurisdiction of the Wyoming Insurance
Department. In the event of insolvency of the surplus lines
insurer, losses will not be paid by the Wyoming Insurance
Guaranty Association or the Wyoming Life and Health Insurance
Guaranty Association."
(b) The insurance producer shall give written notice to
every person applying for insurance with a nonadmitted insurer
prior to placement. The notice shall provide the disclosure
required by subsection (a) of this section and any additional
information required by the commissioner. The applicant shall
sign and date a copy of the notice acknowledging receipt. The
notice shall be in a form acceptable to the commissioner, a
signed copy of which shall be maintained by the surplus lines
broker with the records of the contract and available for
examination by the commissioner.
(i) Repealed by Laws 2020, ch. 45, § 2.
(ii) Repealed by Laws 2020, ch. 45, § 2.
(c) Nothing herein contained shall nullify any agreement
by any insurer to provide insurance.