§ 26-13-116 — Procedures for undefined deceptive practices

Wyoming § 26-13-116

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 13: TRADE PRACTICES AND FRAUDS

Text

(a) If the commissioner believes that any person in
conducting an insurance business in this state is engaging in
any method of competition or in any act or practice, not defined
in this chapter, which is unfair or deceptive and that a
proceeding by him in respect thereto would be in the public
interest, after a hearing in which the person charged receives a
notice of the hearing and of the charges against him, the
commissioner shall make a written report of his findings of fact
relative to the charges and serve a copy thereof upon the person
and any intervenor at the hearing.
(b) If the commissioner's report charges a violation of
this chapter and if the method of competition, act or practice
is not discontinued, the commissioner, through the attorney
general, at any time after service of the report, may cause an
action to be instituted to enjoin and restrain the person from
engaging in the method, act or practice. In the action the court
may grant a restraining order or injunction upon any just terms,
but the people of this state are not required to give security
before the issuance of the order or injunction. If a
stenographic record of the proceedings in the hearing before the
commissioner is made, a certified transcript thereof including
all evidence taken and the report and findings shall be received
in evidence in the action.
(c) If the commissioner's report made under subsection (a)
of this section or order on hearing made under W.S. 26-2-128
does not charge a violation of this chapter, then any intervenor
in the proceedings may appeal within the time and in the manner
provided in W.S. 26-2-129(b).