Exams / Wyoming Property and Casualty Insurance License / Wyo. Stat. §31-9-415
Wyo. Stat. §31-9-415 — 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
31-9-415. Proof of group financial responsibility. (a) Any religious or charitable tax exempt group pursuant to Section 501(c)(3) of the Internal Revenue Code that is able to demonstrate to the state auditor that the group has met financial commitments and obligations of this nature of the individuals who comprise the group for the five (5) previous years and whose members combined own more than five (5) registered motor vehicles may qualify as a self-insurer by filing cash, securities or a surety bond in the amount of fifty thousand dollars ($50,000.00), which cash, securities or surety bond shall otherwise meet the requirements of W.S. 31-9-408 and
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 Wyo. Stat. §31-9-415, a religious or charitable group seeking to self-insure must have members who combined own more than how many registered motor vehicles?
drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only → - A religious tax-exempt group wishes to qualify as a self-insurer under Wyoming law. What is the minimum amount of cash, securities, or surety bond the group must file?
drill Wyoming Statutes and Rules Pertinent to Casualty Insurance Only →