Exams / Wyoming Life Insurance License / Wyo. Stat. §26-33-107
Wyo. Stat. §26-33-107 — 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
26-33-107. Settlements. Any settlement of a claim against a physician exceeding fifty thousand dollars ($50,000.00) or limits of other underlying coverage if greater shall be carried out through agreement jointly by the claimant, the insurance carrier and the commissioner. If the claimant settles with the insurance carrier, without including the commissioner in the settlement agreement, the claimant waives any claim for damages exceeding fifty thousand dollars ($50,000.00) or limits of other underlying coverage if greater arising from the incident for which the claim is made.
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, what threshold amount triggers the requirement that a settlement of a claim against a physician must include agreement by the claimant, the insurance carrier, AND the commissioner?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, if a claimant settles a malpractice claim with the insurance carrier without including the commissioner in the settlement agreement, what is the consequence?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, a settlement of a malpractice claim against a physician exceeding what dollar amount must be carried out through agreement jointly by the claimant, the insurance carrier, and the commissioner?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance →