Exams / Wyoming Life Insurance License / Wyo. Stat. §26-9-213

Wyo. Stat. §26-9-213 — what it says, and how the exam tests it

This section is cited by 2 of our practice questions and is tested on 3 exams including the Wyoming Life Insurance License.

The text

26-9-213. Appointments. (a) An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. (b) To appoint a producer as its agent, the appointing insurer shall file, in a format approved by the commissioner, a notice of appointment within fifteen (15) days from the date the agency contract is executed or the first insurance application is submitted. An insurer may also elect to appoint a producer to all or some insurers within the insurer's holding company system or group by the filing of a single appointment request. (c) Upon receipt of the notice of appointment, the commissioner shall verify within a reasonable time that the insurance producer is eligible for appointment. If the insurance producer is determined to be ineligible for appointment, the commissioner shall notify the insurer. (d) An insurer shall pay an appointment fee, in the amount set forth in W.S. 26-4-101(a), for each insurance producer appointed by the insurer. (e) An insurer shall remit, on or before March 31 and in a manner prescribed by the commissioner, an annual continuation appointment fee in the amount set forth in W.S. 26-4-101(a).

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.

  1. Under Wyoming law, an insurer may appoint a producer to multiple insurers within the insurer's holding company system by filing what?
    drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance →
  2. Under Wyoming law, an insurance producer shall NOT act as an agent of an insurer unless which of the following conditions is met?
    drill Wyoming Statutes, Rules, and Regulations Common to Life, Accident and Health, Property and Casualty Insurance →

Exams that test this section