§ 26-12-303 — Enforcement by commissioner; penalty for violation

Wyoming § 26-12-303

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 12: UNAUTHORIZED INSURERS - PROHIBITIONS, PROCESS

Text

(a) If within thirty (30) days following the giving of the
notice specified in W.S. 26-12-302 the insurer has not ceased
dissemination of any false advertising, and if the commissioner
believes that the insurer is soliciting, issuing or delivering
contracts of insurance to residents of this state or collecting
premiums on those contracts or performing any other transaction
in connection with that insurance, and that a proceeding by him
in respect to those matters would be in the public interest, he
shall take action against the insurer under W.S. 26-13-117.
(b) If pursuant to the proceeding the commissioner finds
that the dissemination of false advertising is continuing, he
shall order the insurer to desist therefrom and shall mail a
copy of the order by certified or registered mail to the insurer
at its principal place of business last of record with the
commissioner and to the insurance supervisory official of the
insurer's domiciliary state or province. Each violation after
mailing of the desist order subjects the insurer to a penalty of
two thousand dollars ($2,000.00), to be recovered by a civil
action the commissioner brings against the insurer. Service of
process upon the insurer in the action may be made upon the
commissioner pursuant to W.S. 26-12-202 and 26-12-203 or in any
other lawful manner.