Wyoming § 26-11-116 Records of broker; contents; examination

Wyoming Statutes

§ 26-11-116 — Records of broker; contents; examination

Wyoming § 26-11-116

Title 26Insurance Code

Ch. 11NONADMITTED INSURANCE

This text of Wyoming § 26-11-116 (Records of broker; contents; examination) 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. § 26-11-116 (2026).

Text

(a)Each surplus lines broker shall keep in his office a full and true record of each surplus lines insurance contract placed by or through the broker for which this state is the home state of the insured, including a copy of the policy, certificate, cover note or other evidence of insurance showing each of the following applicable items:

(i)Amount of the insurance, risks and perils insured;

(ii)Gross premium charged;

(iii)Return premium paid, if any;

(iv)Rate of premium charged upon the several items of property;

(v)Effective date of contract and the terms thereof;

(vi)Name and address of each insurer on the direct risk and the proportion of the entire risk assumed by each insurer if less than the entire risk;

(vii)Name and address of the insured;

(viii)Brief general description o

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(a) Each surplus lines broker shall keep in his office a
full and true record of each surplus lines insurance contract
placed by or through the broker for which this state is the home
state of the insured, including a copy of the policy,
certificate, cover note or other evidence of insurance showing
each of the following applicable items:
(i) Amount of the insurance, risks and perils
insured;
(ii) Gross premium charged;
(iii) Return premium paid, if any;
(iv) Rate of premium charged upon the several items
of property;
(v) Effective date of contract and the terms thereof;
(vi) Name and address of each insurer on the direct
risk and the proportion of the entire risk assumed by each
insurer if less than the entire risk;
(vii) Name and address of the insured;
(viii) Brief general description of the property or
risk insured and where located or to be performed;
(ix) Repealed By Laws 2012, Ch. 37, § 3.
(x) Amount of tax and other sums to be collected from
the insured;
(xi) Allocation of taxes by state as referred to in
W.S. 26-11-118;
(xii) Identity of the producer, any confirming
correspondence from the insurer or its representative, and the
application; and
(xiii) Any other information the commissioner
requires.
(b) The record of each contract shall be kept open at all
reasonable times to examination by the commissioner without
notice for a period of not less than five (5) years following
termination of the contract. In lieu of maintaining offices in
this state, each nonresident surplus lines broker shall make
available to the commissioner any and all records that the
commissioner deems necessary for examination.