§ 26-9-207 — License

Wyoming § 26-9-207

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 9: AGENCIES AND ADJUSTERS

Text

(a) Unless denied licensure pursuant to W.S. 26-9-211,
persons who have met the requirements of W.S. 26-9-205 and
26-9-206 shall be issued an insurance producer license. An
insurance producer may receive qualification for a license in
one (1) or more of the following lines of authority:
(i) Life-insurance coverage on human lives including
benefits of endowment and annuities, and may include benefits in
the event of death or dismemberment by accident and benefits for
disability income;
(ii) Accident and health or sickness or
disability-insurance coverage for sickness, bodily injury or
accidental death and may include benefits for disability income;
(iii) Property-insurance coverage for the direct or
consequential loss or damage to property of every kind;
(iv) Casualty-insurance coverage against legal
liability, including that for death, injury or disability or
damage to real or personal property;
(v) Variable life and variable annuity
products-insurance coverage provided under variable life
insurance contracts and variable annuities;
(vi) Personal lines-property and casualty insurance
coverage sold to individuals and families for primarily
noncommercial purposes;
(vii) Credit-limited line credit insurance;
(viii) Any other line of insurance permitted under
state laws or regulations.
(b) A licensee's license shall remain in effect unless
revoked or suspended if on or before the last day of the month
of the licensee's birthday in the second year following the
issuance or renewal of the license the continuation fee set
forth in W.S. 26-4-101(a) is paid, the continuing education
requirements are met by the due date, a written request for
continuation of the license is made to the commissioner on forms
prescribed by the commissioner and the licensee remains in
compliance with all other applicable provisions of this code. An
insurance producer or surplus lines broker license issued to a
business entity shall remain in effect unless revoked or
suspended if on or before the last day of the month in which the
license was effective in the second year following the issuance
or renewal of the license the continuation fee set forth in W.S.
26-4-101(a) is paid, a written request for continuation of the
license is made to the commissioner on forms prescribed by the
commissioner and the licensee remains in compliance with all
other applicable provisions of this code.
(c) A licensee who allows his license to lapse may, within
twelve (12) months from the due date of the continuation fee,
reinstate the same license without the necessity of passing a
written examination. However, a penalty equal to the amount of
the continuation fee shall be required in addition to the
continuation fee for any continuation request received after the
due date. A business entity insurance producer or surplus lines
broker that allows its license to lapse may, within twelve (12)
months from the due date of the continuation fee, reinstate the
same license, however, a penalty equal to the amount of the
continuation fee shall be required in addition to the
continuation fee for any continuation request received after the
due date.
(d) A licensee who is unable to comply with license
renewal procedures due to military service or some other
extenuating circumstance such as a long-term medical disability
may request a waiver of those procedures. The producer may also
request a waiver of any examination requirement or any other
fine or sanction imposed for failure to comply with renewal
procedures.
(e) The license shall contain the licensee's name,
address, personal identification number, date of issuance, the
lines of authority, the expiration date and any other
information the commissioner deems necessary.
(f) Licensees shall inform the commissioner by any means
acceptable to the commissioner of a change of name, address,
telephone number, email address or other contact information as
defined by rule and regulation of the commissioner within thirty
(30) days of the change.
(g) The commissioner may contract with nongovernmental
entities, including the National Association of Insurance
Commissioners or any affiliates or subsidiaries that association
oversees, to perform any ministerial functions, including the
collection of fees, related to licensing that the commissioner
and the nongovernmental entity may deem appropriate.
(h) Repealed By Laws 2011, Ch. 60, § 3.
(j) Repealed By Laws 2011, Ch. 60, § 3.