Exams / Wyoming Life Insurance License / Wyo. Stat. §26-12-302
Wyo. Stat. §26-12-302 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 3 exams including the Wyoming Life Insurance License.
The text
26-12-302. False advertising prohibited; notification by commissioner of misrepresentation. No unauthorized insurer, in any manner, shall misrepresent to any person in this state as to its financial condition or the terms of any contract issued or to be issued by it or the advantages thereof, or the dividends or share of the surplus to be received thereon. If the commissioner believes that any unauthorized insurer is misrepresenting any of the items specified in this section, he shall notify the insurer and the insurance supervisory official of the insurer's domiciliary state or province by registered or certified mail.
Public record. Read the full, current section at the official source: wyoleg.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Wyoming law, when the commissioner believes an unauthorized insurer is making misrepresentations, how must the commissioner notify the insurer and its domiciliary state official?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, if the commissioner believes an unauthorized insurer is misrepresenting its financial condition to persons in this state, what is the commissioner required to do?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance →