Exams / Wyoming Life Insurance License / Wyo. Stat. §26-9-207
Wyo. Stat. §26-9-207 — what it says, and how the exam tests it
This section is cited by 8 of our practice questions and is tested on 4 exams including the Wyoming Life Insurance License.
The text
26-9-207. License. (a) Unless denied licensure pursuant to W.S. 26-9-211, persons who have met the requirements of W.S. 26-9-205 and 26-9-206 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one (1) or more of the following lines of authority: (i) Life-insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income; (ii) Accident and health or sickness or disability-insurance coverage for sickness, bodily injury or accidental death and may include benefits for disability income; (iii) Property-insurance coverage for the direct or consequential loss or damage to property of every kind; (iv) Casualty-insurance coverage against legal liability, including that for death, injury or disability or damage to real or personal property; (v) Variable life and variable annuity products-insurance coverage provided under variable life insurance contracts and variable annuities; (vi) Personal lines-property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes; (vii) Credit-limited line credit insurance; (viii) Any other line of insurance permitted under state laws or regulations. (b) A licensee's license shall remain in effect unless revoked or suspended if on or before the last day of the month of the licensee's birthday in the second year following the issuance or renewal of the license the continuation fee set forth in W.S. 26-4-101(a) is paid, the continuing education requirements are met by the due date, a written request for continuation of the license is made to the commissioner on forms prescribed by the commissioner and the licensee remains in compliance with all other applicable provisions of this code. An insurance producer or surplus lines broker license issued to a business entity shall remain in effect unless revoked or suspended if on or before the last day of the month in which the license was effective in the second year following the issuance or renewal of the license the continuation fee set forth in W.S. 26-4-101(a) is paid, a written request for continuation of the license is made to the commissioner on forms prescribed by the commissioner and the licensee remains in compliance with all other applicable provisions…
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 producer who reinstates a lapsed license after the continuation fee due date must pay a penalty in what amount?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, a licensee who allows an insurance producer license to lapse may reinstate without passing a written examination within what period from the due date of the continuation fee?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance → - Under Wyoming law, a nonresident producer who moves from one state to another must file a change of address and provide certification from the new resident state within how many days?
drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance →