Wyoming § 26-11-114 Surplus line broker's bond

Wyoming Statutes

§ 26-11-114 — Surplus line broker's bond

Wyoming § 26-11-114

Title 26Insurance Code

Ch. 11NONADMITTED INSURANCE

This text of Wyoming § 26-11-114 (Surplus line broker's bond) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-11-114 (2026).

Text

Prior to issuance of a license as a surplus line broker, the applicant shall file with the commissioner and thereafter for as long as the license remains in effect shall keep in force a bond in favor of the state of Wyoming in the penal sum of ten thousand dollars ($10,000.00), with an authorized corporate surety the commissioner approves, conditioned that he will conduct business under the license in accordance with this chapter and that he will promptly remit the taxes provided by W.S. 26-11-118. The aggregate liability of the surety for any claims on the bond shall not exceed the penal sum of the bond. The bond shall not be terminated unless not less than thirty

(30)days prior written notice thereof is given to the licensee and filed with the commissioner.

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Prior to issuance of a license as a surplus line broker, the
applicant shall file with the commissioner and thereafter for as
long as the license remains in effect shall keep in force a bond
in favor of the state of Wyoming in the penal sum of ten
thousand dollars ($10,000.00), with an authorized corporate
surety the commissioner approves, conditioned that he will
conduct business under the license in accordance with this
chapter and that he will promptly remit the taxes provided by
W.S. 26-11-118. The aggregate liability of the surety for any
claims on the bond shall not exceed the penal sum of the bond.
The bond shall not be terminated unless not less than thirty
(30) days prior written notice thereof is given to the licensee
and filed with the commissioner.