Exams / Wyoming Property and Casualty Insurance License / Wyo. Stat. §31-9-404

Wyo. Stat. §31-9-404 — what it says, and how the exam tests it

This section is cited by 2 of our practice questions and is tested on the Wyoming Property and Casualty Insurance License.

The text

31-9-404. Nonresidents. (a) The nonresident owner of a motor vehicle not registered in this state may give proof of financial responsibility by filing with the division a written certificate of an insurance carrier authorized to transact business in the state in which the motor vehicle described in the certificate is registered, or if the nonresident does not own a motor vehicle, then in the state in which the insured resides, if the certificate otherwise conforms to the provisions of this act. The division shall accept the certificate upon condition that the insurance carrier complies with the following provisions with respect to the policies certified: (i) The insurance carrier shall execute a power of attorney authorizing the division to accept service on its behalf of notice or process in any action arising out of a motor vehicle accident in this state; (ii) The insurance carrier shall agree in writing that the policies shall be deemed to conform with the laws of this state relating to the terms of motor vehicle liability policies issued herein. (b) If any insurance carrier not authorized to transact business in this state, which has qualified to furnish proof of financial responsibility, defaults in any undertaking or agreement, the division shall not accept as proof any certificate of the carrier so long as the default continues. 31-9-405. "Liability policy" defined; required coverage; additional clauses. (a) As used in this act "liability policy" means an owner's or an operator's policy of liability insurance, certified as provided in W.S. 31-9-403 or 31-9-404 as proof of financial responsibility, and issued, except as otherwise provided in W.S. 31-9-404, by an insurance carrier authorized to transact business in this state, to or for the benefit of the person named as insured. (b) An owner's policy of liability insurance shall: (i) Designate by explicit description or by appropriate reference all motor vehicles with respect to which coverage is to be granted; and (ii) Insure the person named and, except for persons specifically excluded pursuant to W.S. 26-35-105, any other person, as insured, using any covered motor vehicle with the express or implied permission of the named insured against loss from the liability imposed by law for damages arising out of the ownership, maintenance or use of the motor vehicle within the United States of America or…

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 Wyo. Stat. §31-9-404, what must a nonresident's insurance carrier execute to allow the division to accept its certificate as proof of financial responsibility?
    drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only →
  2. Under Wyoming's motor vehicle liability policy requirements, what is the minimum coverage for bodily injury to or death of two or more persons in any one accident?
    drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only →

Exams that test this section