Exams / Wyoming Life Insurance License / Wyo. Stat. §26-9-211
Wyo. Stat. §26-9-211 — what it says, and how the exam tests it
This section is cited by 9 of our practice questions and is tested on 4 exams including the Wyoming Life Insurance License.
The text
26-9-211. License denial, nonrenewal or revocation. (a) The commissioner may, after appropriate notice and opportunity for hearing pursuant to the Wyoming Administrative Procedure Act and in accordance with W.S. 26-2-125 through 26-2-129, place on probation, suspend, revoke or refuse to issue or renew an insurance producer's license or other license issued under this code, or may levy a civil penalty in accordance with W.S. 26-1-107 or any combination of actions, for any one (1) or more of the following causes: (i) Providing incorrect, misleading, incomplete or materially untrue information in the license application; (ii) Violating any insurance laws, or violating any regulation, subpoena or order of the commissioner or of another state's insurance commissioner; (iii) Obtaining or attempting to obtain a license through misrepresentation or fraud; (iv) Improperly withholding, misappropriating or converting any monies or properties received in the course of doing insurance business; (v) Intentionally misrepresenting the terms of an actual or proposed insurance contract or application for insurance; (vi) Having been convicted of a felony that relates to the insurance profession or to the ability to practice as an insurance producer. For agents whose home state of licensure is not Wyoming, the commissioner may rely on licensure and disciplinary actions by the agent’s home state of licensure; (vii) Having admitted or been found to have committed any insurance unfair trade practice or fraud; (viii) Using fraudulent, coercive or dishonest practices, or demonstrating incompetence, untrustworthiness or financial irresponsibility in the conduct of business in this state or elsewhere; (ix) Having an insurance producer license, or its equivalent, denied, suspended or revoked in any other state, province, district or territory; (x) Forging another's name to an application for insurance or to any document related to an insurance transaction; (xi) Improperly using notes or any other reference material to complete an examination for an insurance license; (xii) Failing to comply with an administrative or court order imposing a child support obligation; (xiii) Failing to maintain a valid home state license. (b) The license of a business entity may be suspended, revoked or refused if the commissioner finds, after notice and opportunity for hearing, that an individual…
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.
- The Wyoming commissioner takes disciplinary action against a producer and levies the reasonable costs of investigation and administrative proceedings. What is the maximum amount the commissioner may levy for these costs?
drill Wyoming Statutes and Rules Common to All Lines → - A business entity holds an insurance producer license in Wyoming. One of its officers knew about a violation committed by an individual licensee but failed to report it. What may the commissioner do regarding the entity's license?
drill Wyoming Statutes and Rules Common to All Lines → - A producer's license in another state has been suspended. Under Wyoming law, how does this affect the producer's Wyoming license?
drill Wyoming Statutes and Rules Common to All Lines →