Exams / Wyoming Life Insurance License / Wyo. Stat. §26-3-101
Wyo. Stat. §26-3-101 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 3 exams including the Wyoming Life Insurance License.
The text
26-3-101. Certificate of authority required. (a) No person shall act as an insurer and no insurer shall transact insurance in this state unless authorized by a subsisting certificate of authority granted by the commissioner, except as to transactions expressly otherwise provided in this code. (b) No insurer shall solicit insurance applications or otherwise transact insurance in another state or country, from offices or by personnel located in this state, unless it holds a subsisting certificate of authority granted by the commissioner authorizing it to transact the same kinds of insurance in this state.
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, an insurer that holds a certificate of authority and solicits insurance in another state from offices located in Wyoming must be authorized to do what?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, what happens if an insurer does NOT hold a subsisting certificate of authority granted by the commissioner?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, what must an insurer obtain from the commissioner before transacting insurance in the state?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance →