reglab/housing_qa huggingface dataset:
WY Stat § 26-23-313 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-313 - Investments.

26-23-313. Investments.| (a) Except as otherwise expressly provided in this section, the general investment provisions of chapter 7 of this code apply to all domestic title insurers.  (b) A domestic title insurer may invest and have invested funds in an amount not exceeding its surplus to policyholders or three hundred thousand dollars ($300,000.00), whichever is the larger sum, in title plants and equipment and in stocks of abstract companies.  (c) Investment in plants, equipment and abstract company shares authorized by this section shall not be credited against the insurer's required reinsurance reserves.  (d) Any investment of a domestic title insurer acquired before May 27, 1983, and which, under this section, would be considered ineligible as an investment on that date shall be disposed of before May 27, 1985. The commissioner, upon application and proof that forced sale of any such investment would be contrary to the best interests of the title insurer or its policyholders, may extend the period for disposal of the investment for a reasonable time.
WY Stat § 26-23-314 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-314 - Conditions for Providing Escrow, Closing or Settlement Services, or Maintaining Title Indemnification Accounts.

26-23-314. Conditions for providing escrow, closing or settlement services, or maintaining title indemnification accounts.| (a) A title insurer or title agent may engage in the escrow, settlement, or closing business, or any combination of such businesses, and operate as an escrow, settlement, or closing agent, provided that:  (i) Funds deposited in connection with any escrow, settlement, closing or title indemnification shall be deposited in a separate fiduciary trust account or accounts in a bank or other financial institution insured by an agency of the federal government. These funds are the property of the person or persons entitled thereto under the provisions of the escrow, settlement, closing or title indemnification and shall be segregated by escrow, settlement, closing or title indemnification in the records of the title insurer or title agent. Those funds are not subject to any debts of the title insurer or title agent and shall be used only in accordance with the terms of the individual escrow, settlement, closing or title indemnification under which the funds were accepted;  (ii) Interest received on funds deposited with the title insurer or title agent in connection with any escrow, settlement, closing or title indemnification shall be paid to the depositing party unless the instructions provide otherwise;  (iii) The title insurer or title agent shall maintain separate records of all receipts and disbursements of escrow, settlement, closing or title indemnification funds.
WY Stat § 26-23-315 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-315 - Identification of Title Agents.

26-23-315. Identification of title agents.| A title insurer shall provide to the commissioner on an annual basis a list of all of its title agents within this state.
WY Stat § 26-23-316 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-316 - Title Agents; License Required; Requirements as to License.

26-23-316. Title agents; license required; requirements as to license.| (a) No person shall act as a title agent unless licensed in accordance with this article.  (b) No license shall be issued to, continued or permitted to exist for any person to act as a title agent unless the person:  (i) Is at least eighteen (18) years of age;  (ii) Is a bona fide resident of and resides within this state or any other state which has entered into a reciprocal title agent licensing agreement with the commissioner;  (iii) Is appointed as a title agent by a title insurer, subject to the issuance of the title agent's license;  (iv) Passes an examination given by the commissioner or any testing service selected by the commissioner covering the search and examination of title to real property, insurance principles relating to title insurance and the fiduciary duties and procedures of escrows, closings and settlements of real estate transactions.  (c) Any person, other than a natural person, to whom a title insurance agent's license is issued shall designate to the commissioner those natural persons who are or will be exercising the powers and performing the duties of the title insurance agent. The designated individuals are subject to paragraphs (b)(i) and (iii) of this section. Persons performing only clerical functions are not subject to the requirements of subsection (b) of this section.  (d) Any person, other than a natural person, to whom a title insurance agent's license is issued shall demonstrate that each natural person designated to exercise the powers and perform the duties of the title insurance agent meets the requirements of subsection (b) of this section.
WY Stat § 26-23-317 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-317 - Title Agents; Application for License.

26-23-317. Title agents; application for license.| (a) Application for a license to act as a title agent shall be made in writing in the form and manner the commissioner prescribes. An application fee, as provided by W.S. 26-4-101, shall be paid at the time of application.  (b) The application is a continuing one, and any prospective licensee or licensees shall inform the commissioner promptly if any information set forth in the application changes or is no longer accurate, or if any other relevant information regarding the application arises after the original application.
WY Stat § 26-23-318 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-318 - Title Agents; Issuance of License; Expiration; Renewal.

26-23-318. Title agents; issuance of license; expiration; renewal.| (a) The commissioner shall issue a license to act as a title agent to any person if:  (i) The prospective licensee files an application pursuant to W.S. 26-23-317;  (ii) The prospective licensee meets the requirements of W.S. 26-23-316; and  (iii) The prospective licensee provides the commissioner with evidence of financial responsibility in the form and in a minimum amount the commissioner requires by regulation.  (b) Each individual title agent's license expires on the last day of the month of the licensee's birthday in the second year following the issuance or renewal of the license, and may be renewed if prior to the expiration of his license a written request for continuation of the license is made to the commissioner on forms prescribed by the commissioner, the continuation fee set forth in W.S. 26-4-101 is paid, continuing education requirements are met by the due date and the licensee remains in compliance with all other applicable provisions of this code. An individual title agent who allows the license to lapse may, within twelve (12) months from the due date of the continuation fee, reinstate the same license without the necessity of passing a written examination, however, a penalty equal to the amount of the continuation fee shall be required in addition to the continuation fee for any continuation request received after the due date.  (c) Each title agent license issued to a business entity expires on the last day of the month in which the license was effective in the second year following the issuance or renewal of the license and may be renewed if prior to the expiration of the license, a written request for continuation of the license is made to the commissioner on forms prescribed by the commissioner, the continuation fee set forth in W.S. 26-4-101 is paid and the licensee remains in compliance with all other provisions of this code. A business entity title agent that allows the license to lapse may, within twelve (12) months from the due date of the continuation fee, reinstate the same license, however, a penalty equal to the amount of the continuation fee shall be required in addition to the continuation fee for any continuation request received after the due date.
WY Stat § 26-23-319 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-319 - Title Agents; Records.

26-23-319. Title agents; records.| (a) A title agent shall keep books of account and records and vouchers pertaining to any business transacted under this article. All records shall be maintained in a manner that the commissioner may readily ascertain from time to time whether the title agent has complied with all applicable provisions of this article.  (b) The commissioner, at any time during normal business hours, may examine, audit and inspect books and records maintained by title agents under this article.
WY Stat § 26-23-320 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-320 - Title Agents; Report of Claims.

26-23-320. Title agents; report of claims.| (a) A title agent shall immediately report every loss claim to the title insurer that issued the policy against which the claim is presented.  (b) No title agent shall indemnify or pay the claim of any insured.
WY Stat § 26-23-321 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-321 - Title Agents; Refusal, Suspension or Revocation of License; Fine Instead of Suspension.

26-23-321. Title agents; refusal, suspension or revocation of license; fine instead of suspension.| (a) In addition to any other grounds stated in this article, the commissioner may refuse to license any person as a title agent, or may suspend a title agent's license, after providing due notice and an opportunity to be heard, upon a finding that the person:  (i) Fails to meet the qualifications for licensure under this code;  (ii) Has violated any provision of this code or any rule or regulation of the commissioner;  (iii) Has made a material misstatement in an application for a title insurance agent's license or has obtained a title insurance agent's license by fraud or willful misrepresentation;  (iv) Has misappropriated or converted to his own use funds belonging to applicants, insureds, title insurers, escrow participants or others;  (v) Has intentionally misrepresented the terms of a title insurance policy to any applicant or policyholder or has misrepresented material facts to, concealed material facts from or made false statements to any party to an escrow, settlement or closing transaction;  (vi) Has in the conduct of his affairs under his title insurance agent's license, used fraudulent, coercive or dishonest practices or has shown himself to be incompetent, untrustworthy, financially irresponsible or a source of injury and loss to the public; or  (vii) Has aided, abetted or assisted another person in violating this article or any rule or regulation promulgated under this article.  (b) The commissioner may revoke the title agent's license of any person convicted by final judgment of a felony that relates to the title insurance profession or to the ability to practice as a title insurance agent.  (c) In addition to or without imposing the penalties specified in subsections (a) and (b) of this section, the commissioner may impose a fine in an amount not to exceed two thousand five hundred dollars ($2,500.00) for each violation of this section or of any rule or regulation promulgated under this section.  (d) Any of the penalties provided under this section may be imposed on a title agent other than a natural person for action of individuals designated by that insurance agent.
WY Stat § 26-23-322 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-322 - Rebates and Inducements Prohibited.

26-23-322. Rebates and inducements prohibited.| (a) No title insurer or title agent shall:  (i) Pay in any manner to any person any commission, any part of its premiums, fees or other charges or any other consideration as inducement or compensation for the referral of title business or for performance of any escrow or other service by the title insurer or title agent;  (ii) Issue any title insurance policy or perform any service in connection with any transaction in which it has paid or intends to pay any commission, rebate or inducement which it knows to be in violation of this section.  (b) No person shall knowingly receive or accept in any manner, any commission, rebate or inducement referred to in subsection (a) of this section.  (c) Nothing in this section shall be construed as prohibiting reasonable payments, other than for the referral of title insurance business, for services actually rendered to either a title insurer or a title agent in connection with title insurance business.
WY Stat § 26-23-323 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-323 - Division of Premiums and Charges.

26-23-323. Division of premiums and charges.| (a) Nothing in this article shall be construed as prohibiting the division of premiums and charges between or among a title insurer and its title agent, two (2) or more title insurers, one (1) or more title insurers and one (1) or more title agents or two (2) or more title agents, provided the division of premiums and charges does not constitute:  (i) An unlawful rebate or inducement under this article; or  (ii) Payment of a forwarding fee or finder's fee.
WY Stat § 26-23-324 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-324 - Favored Title Agent or Insurer.

26-23-324. Favored title agent or insurer.| (a) No producer or other person shall require in any manner as a condition, agreement or understanding to selling or furnishing any other person any loan or extension thereof, credit, sale, property, contract, lease or service, that such other person shall place any contract of title insurance of any kind through any particular title agent or title insurer. No title agent or title insurer shall knowingly participate in any such prohibited plan or transaction. No person shall fix a price charged for such thing or service, or discount from or rebate upon price, on the condition, agreement or understanding that any title insurance is to be obtained through a particular title agent or title insurer.  (b) Any producer or other person who violates this section, or any title insurer or title agent who accepts an order for title insurance knowing that it is in violation of this section, in addition to any other action which may be taken by the regulatory authority having jurisdiction, is subject to a fine by the commissioner in an amount equal to five (5) times the premium for the title insurance.  (c) The commissioner may invoke the aid of the courts in enforcing any fines imposed under this section.
WY Stat § 26-23-325 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-325 - Premium Rate Standards.

26-23-325. Premium rate standards.| (a) Premium rates shall not be inadequate, excessive or unfairly discriminatory.  (b) Rates are excessive if in the aggregate they are likely to produce a long run profit that is unreasonably high in relation to the riskiness of the class of business, or if expenses are unreasonably high in relation to the services rendered.  (c) Rates are inadequate if they are clearly insufficient, together with investment income attributable to them, to sustain projected losses and expenses, or if the continued use of such rates will have the effect of substantially lessening competition or the effect of tending to create a monopoly.  (d) Premium rates are unfairly discriminatory if the premium charged for any classification is not reasonably related to the services performed or the risks assumed by the insurer, provided within rate classifications, premiums, to a reasonable degree, may be less in the case of smaller insurances and the excess may be charged against larger insurances without rendering the rate unfairly discriminatory.  (e) In making or reviewing rates, consideration shall be given to past and prospective loss experience, to exposure to loss, to underwriting practice and judgment, to past and prospective expenses including amounts paid to or retained by title agents, to investment income, to a reasonable margin for profit and contingencies and to any other relevant factors both within and outside of this state.  (f) The commissioner may promulgate rules or regulations setting forth guidelines for evaluation of rates. These regulations may include consideration of:  (i) Costs of underwriting risks assumed by the insurer;  (ii) Amounts paid to or retained by title agents;  (iii) Operating expenses of the insurer other than underwriting and claims expenses;  (iv) Payment of claims and claim related expenses;  (v) Investment income;  (vi) Reasonable profit;  (vii) Premium taxes; and  (viii) Any other factors the commissioner deems relevant.
WY Stat § 26-23-326 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-326 - Premium Rate Schedules.

26-23-326. Premium rate schedules.| (a) A title insurer shall file with the commissioner the premium rate schedules it proposes to use in this state. If the commissioner finds in his review of a filing that it does not violate W.S. 26-23-325, he shall approve the schedule within thirty (30) days of filing. Prior to such approval, the commissioner may conduct public hearings with respect to the filing. Filings that the commissioner fails to approve or disapprove within thirty (30) days of filing are approved. Upon notice to the title insurer, the period for review of rate filing may be extended for an additional thirty (30) days. If within the waiting period or extension thereof the commissioner finds that the filing does violate W.S. 26-23-325, he shall give written notice of disapproval of the filing to the insurer or rating organization which made the filing, specifying therein in what specific respects he finds the filing violates W.S. 26-23-325 and stating that the filing shall not become effective.  (b) If at any time after the approval of filing, the commissioner believes that the filing does not meet the requirements of this section or is otherwise contrary to law, or if any party having an interest in the filing makes a written complaint to the commissioner setting forth specific and reasonable grounds for the complaint, or if any insurer, upon notice of disapproval by the commissioner of a filing pursuant to this section, requests, the commissioner shall hold a hearing within thirty (30) days and shall give written notice of the hearing to all parties in interest. The commissioner may confirm, modify, change or rescind any previous action, if warranted by the facts shown at the hearing.  (c) No title insurer or title agent shall use or collect any premium after May 27, 1983, except in accordance with the premium rate schedule filed with and approved by the commissioner as required by this section. The commissioner may provide by regulation for interim use of premium rate schedules in effect prior to May 27, 1983.
WY Stat § 26-23-327 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-327 - Publication of Schedules of Premiums and Charges.

26-23-327. Publication of schedules of premiums and charges.| (a) Each title insurer and title agent shall print and make available to the public schedules of its currently effective premiums and charges.  (b) The schedules shall:  (i) Be dated to show the date the premiums and charges became effective;  (ii) Be kept available to the public during normal business hours in each office of the title insurer or title agent in this state; and  (iii) Set forth the total premium and charge for each type of title insurance policy or service issued or provided by the title insurer or title agent either by stating the premium or charge for each type of title insurance policy in given amounts of coverage or for each service, or by stating the premium or charge rate per unit amount of coverage, or by a combination of the two.  (c) Each title insurer and title agent shall keep a complete file of its schedules of premium and charges and of all changes and amendments to those schedules until at least five (5) years after they cease to be in effect.
WY Stat § 26-23-328 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 23 - Casualty Insurance, Surety Insurance and Title Insurance|Article 3 - Title Insurance|Section 26-23-328 - Form Filing.

26-23-328. Form filing.| (a) A title insurer shall file with the commissioner any forms it proposes to use in this state, including:  (i) Title insurance policies, including standard form endorsements;  (ii) "Preliminary reports", "commitments", "binders" or any other reports issued prior to the issuance of a title insurance policy.  (b) If the commissioner finds in his review of a filing that it does not violate W.S. 26-23-329, he shall approve the form within thirty (30) days of filing. Prior to such approval, the commissioner may conduct public hearings with respect to the filing. Filings that the commissioner has failed to approve or disapprove within thirty (30) days of filing are deemed approved. Upon notice to the title insurer, the period for review of a form filing may be extended for an additional thirty (30) days. If, within the waiting period or extension thereof, the commissioner finds that the filing does violate W.S. 26-23-329, he shall give written notice of disapproval of the filing to the insurer or rating organization which made the filing, specifying therein in what specific respects he finds the filing violates W.S. 26-23-329 and stating that the filing shall not become effective.  (c) A title insurer need not file reinsurance contracts and agreements.  (d) No title insurer may issue, directly or through a title agent, any policy after May 27, 1983, unless the policy form has been approved pursuant to this section. The commissioner may provide by regulation for interim use of forms in effect prior to May 27, 1983.