Exams / Wyoming Life Insurance License / Wyo. Stat. §26-17-127
Wyo. Stat. §26-17-127 — 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
26-17-127. Additional groups. (a) Group life insurance offered to a resident under a group life insurance policy issued to a group other than one described in W.S. 26-17-103 through 26-17-106 and 26-17-109 is subject to the following requirements: (i) A group life insurance policy shall not be delivered in this state unless the commissioner finds that: (A) The issuance of the group policy is not contrary to the best interest of the public; (B) The issuance of the group policy would result in economies of acquisition or administration; (C) The benefits are reasonable in relation to the premiums charged; (D) The insurer possesses and maintains capital and surplus requirements provided by W.S.
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, before a group life insurance policy may be delivered in this state to a group NOT described in W.S. 26-17-103 through 26-17-106 and 26-17-109, which of the following must the commissioner find?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only → - Under Wyoming law, for a group life insurance policy issued to a non-standard group (one not described in W.S. 26-17-103 through 26-17-106 and 26-17-109), the commissioner must find that the issuance is NOT contrary to what?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only →