Exams / Wyoming Property and Casualty Insurance License / Wyo. Stat. §26-14-102

Wyo. Stat. §26-14-102 — what it says, and how the exam tests it

This section is cited by 3 of our practice questions and is tested on the Wyoming Property and Casualty Insurance License.

The text

26-14-102. Scope and applicability of chapter; liberal interpretation. (a) This chapter applies to all kinds of insurance written on risks in this state by any insurer authorized to do business, except nothing in this chapter applies to: (i) Life insurance; (ii) Disability insurance; (iii) Reinsurance; (iv) Insurance against loss of or damage to aircraft, their hulls, accessories and equipment, or against liability arising out of the ownership, maintenance or use of aircraft; (v) Insurance of vessels or craft, their cargoes, marine builders' risks, marine protection and indemnity, or other risks commonly insured under marine, as distinguished from inland marine, insurance policies; (vi) Title insurance; (vii) Annuities; (viii) Worker's compensation insurance as provided under title 27, chapter 14 of the Wyoming statutes. (b) No insurer shall be required to file any rates with the commissioner other than those for insurance not subject to this act or defined as noncompetitive in this act, after the passage of this act. (c) This chapter shall be liberally interpreted to carry out the purpose specified in W.S. 26-14-101.

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.

  1. Under Wyo. Stat. §26-14-102, how should Wyoming's rate regulation chapter be interpreted?
    drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only →
  2. Under Wyo. Stat. §26-14-102, which of the following is NOT exempt from Wyoming's rate regulation chapter?
    drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only →
  3. Under Wyoming's rate regulation chapter (Wyo. Stat. §26-14-102), which of the following types of insurance is specifically exempt from the chapter's requirements?
    drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only →

Exams that test this section