Wyoming § 26-37-107 Mechanical breakdown insurance organizations;
revocation or suspension of certificate of authority

Wyoming Statutes

§ 26-37-107 — Mechanical breakdown insurance organizations; revocation or suspension of certificate of authority

Wyoming·Title 26 Insurance Code·Ch. 37 MECHANICAL BREAKDOWN INSURANCE

(a)The commissioner shall revoke or suspend the certificate of authority issued to any mechanical breakdown insurance organization under W.S. 26-37-106 if after a hearing in accordance with W.S. 26-2-125 through 26-2-129, he finds the organization:

(i)Violates any provision of this chapter or chapter 13 of this code;

(ii)Is insolvent;

(iii)Has assets less than its liabilities;

(iv)Refuses or any officer refuses to submit to an examination; or

(v)Is transacting business fraudulently.

(b)The commissioner shall give public notice of any revocation or suspension under this section in a manner he deems proper.

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(a) The commissioner shall revoke or suspend the
certificate of authority issued to any mechanical breakdown
insurance organization under W.S. 26-37-106 if after a hearing
in accordance with W.S. 26-2-125 through 26-2-129, he finds the
organization:
(i) Violates any provision of this chapter or chapter
13 of this code;
(ii) Is insolvent;
(iii) Has assets less than its liabilities;
(iv) Refuses or any officer refuses to submit to an
examination; or
(v) Is transacting business fraudulently.
(b) The commissioner shall give public notice of any
revocation or suspension under this section in a manner he deems
proper.

Wyoming § 26-37-107 (Mechanical breakdown insurance organizations; revocation or suspension of certificate of authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.