Exams / Wyoming Life Insurance License / Wyo. Stat. §26-29-234
Wyo. Stat. §26-29-234 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 4 exams including the Wyoming Life Insurance License.
The text
26-29-234. Unfair methods of competition; unfair and deceptive acts and practices. Every society authorized to do business in this state is subject to chapter 13 of title 26, the Unfair Trade Practices Act, provided, that nothing in that act shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership, or be construed as applying to or affecting the offering of benefits exclusively to members or person eligible for membership in the society by a subsidiary corporation or affiliated organization of the society.
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, a fraternal benefit society is subject to the Unfair Trade Practices Act. However, that Act does NOT apply to or affect which of the following?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - A fraternal benefit society is authorized to do business in Wyoming. Under Wyoming law, to which regulatory provision is the society subject?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - A fraternal benefit society authorized to do business in Wyoming is subject to which of the following?
drill Wyoming Statutes and Rules Common to All Lines →