§ 26-9-213 — Appointments

Wyoming § 26-9-213

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

Text

(a) An insurance producer shall not act as an agent of an
insurer unless the insurance producer becomes an appointed agent
of that insurer. An insurance producer who is not acting as an
agent of an insurer is not required to become appointed.
(b) To appoint a producer as its agent, the appointing
insurer shall file, in a format approved by the commissioner, a
notice of appointment within fifteen (15) days from the date the
agency contract is executed or the first insurance application
is submitted. An insurer may also elect to appoint a producer to
all or some insurers within the insurer's holding company system
or group by the filing of a single appointment request.
(c) Upon receipt of the notice of appointment, the
commissioner shall verify within a reasonable time that the
insurance producer is eligible for appointment. If the insurance
producer is determined to be ineligible for appointment, the
commissioner shall notify the insurer.
(d) An insurer shall pay an appointment fee, in the amount
set forth in W.S. 26-4-101(a), for each insurance producer
appointed by the insurer.
(e) An insurer shall remit, on or before March 31 and in a
manner prescribed by the commissioner, an annual continuation
appointment fee in the amount set forth in W.S. 26-4-101(a).