reglab/housing_qa huggingface dataset:
WY Stat § 26-3-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-103 - General Qualifications for Authority to Transact Business.

26-3-103. General qualifications for authority to transact business.| (a) To transact insurance in this state an insurer shall be in compliance with this code, and its charter powers and shall be an incorporated stock insurer, an incorporated mutual insurer or a reciprocal insurer of the same general type as may be formed as a domestic insurer under this code.  (b) No foreign insurer shall be authorized to transact insurance or business on the mutual assessment plan, stipulated premium plan or any similar plan in this state if that insurer does not maintain reserves as required by chapter 6 of this code as applicable to the kinds of insurance or business transacted, wherever transacted in the United States. This prohibition does not apply to mutual or reciprocal insurers doing business on the cash premium plan but providing for contingent liability of policyholders or subscribers.
WY Stat § 26-3-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-104 - Insurers Not Qualified to Transact Business in State; Credit and Investigation Reports.

26-3-104. Insurers not qualified to transact business in state; credit and investigation reports.| (a) No foreign insurer owned or controlled in any manner or degree by any government or governmental agency shall be authorized to transact insurance in Wyoming. Membership in a mutual insurer, or subscribership in a reciprocal insurer, or ownership of stock of an insurer by the alien property custodian or similar official of the United States, or ownership of stock or other security which does not have voting rights with respect to the insurer's management, or supervision of an insurer by public authority, is not ownership or control of the insurer for the purposes of this subsection.  (b) The commissioner shall not grant or continue authority to transact insurance in this state as to any insurer the management of which, after investigation or upon reliable information, he finds:  (i) Is incompetent or untrustworthy;  (ii) So lacking in insurance company managerial experience as to make a proposed operation hazardous to the insurance-buying public; or  (iii) Is affiliated through ownership, control reinsurance or other insurance or business relations with any person whose business operations are or have been marked by manipulation of assets, accounts or reinsurance, or by bad faith.  (c) Before granting a certificate of authority to a new domestic insurer, the commissioner shall secure a credit and investigation report as to the insurer's management personnel and directors from a recognized and established independent investigation and reporting agency. The commissioner may secure a similar report relative to the management of any other insurer at any time he deems advisable.
WY Stat § 26-3-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-105 - Qualification of New Foreign Insurers.

26-3-105. Qualification of new foreign insurers.| (a) No foreign insurer is authorized to transact insurance in Wyoming if that insurer has not been issuing its own policies as an authorized insurer for at least two (2) years, unless the insurer is otherwise qualified for a certificate of authority under this code and is:  (i) The wholly owned subsidiary or affiliate of an insurer which is already an authorized insurer in Wyoming and the subsidiary or affiliate shares common management and business operations with the insurer;  (ii) The successor in interest through statutory merger or statutory consolidation, or through bulk reinsurance of substantially all of the insurance risks in this state, of an authorized insurer; or  (iii) An insurer seeking authority to write a line of insurance for which, in the commissioner's opinion:  (A) Adequate provision is not made by insurers already authorized in this state; or  (B) Adequate competition between insurers does not exist in this state.  (b) No foreign insurer shall continue to hold a certificate of authority under W.S. 26-3-114 if the insurer has reinsured substantially all of its insurance risks either prior to, contemporaneously with or after being acquired by another insurer not holding a subsisting certificate of authority in this state.
WY Stat § 26-3-106 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-106 - Conflict of Names Prohibited.

26-3-106. Conflict of names prohibited.| (a) No insurer shall be formed or authorized to transact insurance in this state if that insurer has or uses a name which:  (i) Is the same as or deceptively similar to that of another insurer already authorized;  (ii) In the case of a life insurer is deceptively similar to that of another insurer authorized to transact insurance in this state within the immediately preceding ten (10) years, if life insurance policies originally issued by the other insurer are still outstanding in this state;  (iii) Is the same as or deceptively similar to the name of any foreign insurer not so authorized if the foreign insurer has within the immediately preceding twelve (12) months signified its intention to secure an incorporation in this state under that name or to do business as a foreign insurer in this state under that name by filing notice of intention with the commissioner, unless the foreign insurer gives written consent to the use of the name or deceptively similar name; or  (iv) Tends to deceive or mislead as to the insurer's type of organization.  (b) In case of conflict of names between two (2) insurers, or a conflict otherwise prohibited under this section, the commissioner may permit, or shall require as a condition to the issuance of an original certificate of authority to an applicant insurer, the insurer to use in this state a modified name as may reasonably be necessary to avoid the conflict.
WY Stat § 26-3-107 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-107 - Insurer May Be Authorized to Transact Combination of Kinds of Insurance; Exceptions.

26-3-107. Insurer may be authorized to transact combination of kinds of insurance; exceptions.| (a) A qualified insurer may be authorized to transact one (1) or more kinds of insurance as defined in chapter 5 of this code, except:  (i) A life insurer may grant annuities and may be authorized to transact disability insurance, except that the commissioner may continue to authorize any qualified life insurer which immediately prior to January 1, 1968 was lawfully authorized to transact in this state any kinds of insurance in addition to life and disability insurances and annuity business;  (ii) A reciprocal insurer shall not transact life insurance;  (iii) A title insurer shall be a stock insurer and shall not transact any other kind of insurance.
WY Stat § 26-3-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-108 - Capital and Surplus Requirements.

26-3-108. Capital and surplus requirements.| (a) To qualify for authority to transact any kind of insurance as defined in chapter 5 or combination of kinds of insurance as specified in this subsection, a foreign insurer, or a domestic stock insurer applying for its original certificate of authority, shall possess and thereafter maintain unimpaired basic paid-in capital stock and surplus, if a stock insurer, or unimpaired basic surplus, if a foreign mutual insurer or foreign reciprocal insurer, in an amount not less than as follows:  Foreign Foreign  Kind or Mutual Reciprocal  kinds of Stock Insurers Insurers Insurers  insurance Capital Stock Surplus Surplus Surplus  _______________________________________________________________________  Life $1,000,000. $500,000. $1,500,000.  Disability 1,000,000. 500,000. 1,500,000. 1,500,000.  Life &  Disability 1,000,000. 1,000,000. 2,000,000.  Property 1,000,000. 1,000,000. 2,000,000. 2,000,000.  Casualty  Excluding  Surety 1,000,000. 1,000,000. 2,000,000. 2,000,000.  Including  Surety 1,000,000. 1,500,000. 2,500,000. 2,500,000.  Marine &  Transportation 1,000,000. 1,000,000. 2,000,000. 2,000,000.  Multiple  line  (Property  and any  additional  kind) 2,000,000. 2,000,000. 4,000,000. 4,000,000.  Title 500,000. 250,000.  (b) Capital and surplus requirements are based upon all the kinds of insurance the insurer transacts in any areas in which it operates or proposes to operate, whether or not only a portion of the kinds are to be transacted in Wyoming.  (c) As to surplus required for qualification to transact one (1) or more kinds of insurance and thereafter to be maintained, domestic mutual insurers are governed by chapter 24 of this code and domestic reciprocal insurers are governed by chapter 27 of this code.  (d) The commissioner may require additional capital and surplus above the minimum capital and surplus requirements set forth in this section, or any other section of this code based upon the type, volume and nature of the insurance business transacted.
WY Stat § 26-3-109 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-109 - Delayed Compliance With Capital and Surplus Requirements.

26-3-109. Delayed compliance with capital and surplus requirements.| (a) A domestic or foreign insurer holding a valid certificate of authority to transact insurance in this state as of April 1, 1985, may continue to transact the kinds of insurance permitted by the certificate of authority by complying with this code and by maintaining unimpaired not less than the same amount of paid-in capital stock or paid-in capital stock and surplus, if a stock insurer, or not less than the same amount of surplus, if a mutual insurer, as required under the laws of this state for that authority immediately prior to that date, and as if the laws had continued in force.  (b) An insurer specified in subsection (a) of this section shall not be granted authority to transact any other or additional kinds of insurance unless it then fully complies with the capital and surplus requirements applied to all the kinds of insurance it then proposes to transact, as provided under W.S. 26-3-108 as to new domestic insurers.
WY Stat § 26-3-110 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-110 - Additional Kinds of Insurance Authorized for Certain Insurers.

26-3-110. Additional kinds of insurance authorized for certain insurers.| (a) Without additional capital or additional surplus, an authorized insurer is also authorized:  (i) If a life insurer, to grant annuities;  (ii) If a disability insurer, to insure against congenital defects as defined in W.S. 26-5-106(a)(xii);  (iii) If a casualty insurer, to transact also disability insurance;  (iv) If a property insurer, to include an amount and kind of insurance against legal liability for injury, damage or loss to the person or property of others, and for medical, hospital and surgical expense related to that injury, as the commissioner deems to be reasonably incidental to insurance of real property against fire and other perils under policies covering farm properties, or residential properties designed for occupancy by not more than four (4) families, with or without incidental office, professional, private school or studio occupancy by an insured, whether or not the premium or rate charged for certain perils so covered is specified in the policy.  (b) Paragraphs (a)(iii) and (iv) of this section do not apply to domestic insurers authorized pursuant to W.S. 26-3-109(a).
WY Stat § 26-3-112 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-112 - Certificate of Authority; Application; Contents of Application.

26-3-112. Certificate of authority; application; contents of application.| (a) An insurer shall apply to the commissioner for an original certificate of authority, stating under oath of the president, or vice-president or other chief officer and the secretary of the insurer, or of the attorney-in-fact if the insurer is a reciprocal insurer, the insurer's name, location of its home office, or principal office in the United States if an alien insurer, the kinds of insurance to be transacted, date of organization or incorporation, form of organization, state or country of domicile and any additional information the commissioner reasonably requires. The application shall be accompanied by the applicable fees as provided in W.S. 26-4-101 together with the following documents, as applicable:  (i) If a corporation, a current, complete copy of its charter or articles of incorporation currently certified by the public official with whom the originals are on file;  (ii) If a domestic incorporated insurer or a mutual insurer, a current, complete copy of its bylaws, certified by the insurer's corporate secretary;  (iii) If a reciprocal insurer, a current, complete copy of the power of attorney of its attorney-in-fact, certified by the attorney-in-fact;  (iv) If a domestic reciprocal insurer, the declaration provided for in W.S. 26-27-107(b);  (v) A complete copy of its financial statement as of not earlier than the December 31 immediately preceding in "convention" form, sworn to by at least two (2) executive officers of the insurer or certified by the public insurance supervisory official of the insurer's state of domicile or of entry into the United States if an alien insurer;  (vi) A copy of the report of last examination made of the insurer as of a date within not more than the sixty (60) months immediately preceding, certified by the Wyoming insurance department or by the public insurance supervisory official of the insurer's state of domicile or state of entry into the United States if an alien insurer;  (vii) Acceptance of the constitution of the state of Wyoming, upon a form the commissioner furnishes for that purpose;  (viii) Appointment of the commissioner pursuant to W.S. 26-3-121 as its attorney to receive service of legal process;  (ix) If a foreign insurer a certificate:  (A) Of the public insurance supervisory official of its state or country of domicile showing that it is authorized to transact in that state or country the kinds of insurance proposed to be transacted in this state;  (B) As to deposit if to be tendered pursuant to W.S. 26-3-111(b).  (x) If an alien insurer, a copy of the appointment and authority of its United States manager, certified by its officer having custody of its records;  (xi) Repealed by Laws 2018, ch. 21, § 2.  (xii) Designation by the insurer of its officer or representative authorized to appoint and remove its agents in this state.
WY Stat § 26-3-113 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-113 - Certificate of Authority; Issuance; Contents; Delivery; Return.

26-3-113. Certificate of authority; issuance; contents; delivery; return.| (a) If the commissioner finds that the insurer meets the certificate requirements under this code, he shall issue to the insurer a proper certificate of authority. If he finds the insurer does not meet the certificate requirements, the commissioner shall issue his order refusing the certificate. The commissioner shall act upon an application for certificate of authority within a reasonable period after its completion.  (b) The certificate, if issued, shall specify the kinds of insurance the insurer is authorized to transact in Wyoming. At the insurer's request the commissioner may issue a certificate of authority limited to particular types of insurance or coverages within the scope of a kind of insurance as defined in chapter 5 of this code.  (c) Although issued and delivered to the insurer, the certificate of authority at all times is the property of this state. Upon expiration, suspension or termination of the certificate, the insurer shall promptly deliver the certificate to the commissioner.
WY Stat § 26-3-114 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-114 - Certificate of Authority; Continuation; Expiration; Reinstatement.

26-3-114. Certificate of authority; continuation; expiration; reinstatement.| (a) A certificate of authority issued under this code continues in force until suspended or revoked by the commissioner or terminated at the insurer's request, subject to continuance by the insurer each year by:  (i) Payment prior to March 1 of the continuation fee provided in W.S. 26-4-101;  (ii) Filing by the insurer of its annual statement for the immediately preceding calendar year as required by W.S. 26-3-123; and  (iii) Payment by the insurer of premium taxes for the immediately preceding calendar year as required by W.S. 26-4-103.  (b) If not continued, an insurer's certificate of authority expires at midnight on May 31 immediately following the insurer's failure to continue it in force, unless earlier revoked for failure to pay taxes as provided in W.S. 26-4-105(b). The commissioner shall promptly notify the insurer of any impending expiration of its certificate of authority.  (c) The commissioner, upon the insurer's request made within three (3) months after expiration, may reinstate a certificate of authority which the insurer has permitted to expire, after the insurer has:  (i) Cured all failures which resulted in the expiration; and  (ii) Paid the reinstatement fee specified in W.S. 26-4-101.  (d) If an insurer fails to renew its certificate of authority within the time specified in subsection (c) of this section, another certificate shall be issued only after all requirements for an original certificate of authority in this state are fulfilled.
WY Stat § 26-3-115 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-115 - Suspension, Revocation of Certificate of Authority; Mandatory Grounds; Hearing Required.

26-3-115. Suspension, revocation of certificate of authority; mandatory grounds; hearing required.| (a) The commissioner shall refuse to continue or shall suspend or revoke an insurer's certificate of authority if:  (i) That action is required by any provision of this code;  (ii) A foreign insurer and it no longer meets the capital and surplus requirements specified in W.S. 26-3-108, or is otherwise unqualified;  (iii) A domestic insurer and it has failed to cure a capital or surplus impairment within the time the commissioner allows under this code, or is otherwise unqualified; or  (iv) The insurer's certificate of authority to transact insurance is suspended or revoked by its state of domicile, or state of entry into the United States if an alien insurer.  (b) Notwithstanding W.S. 16-3-113, in case of insolvency or impairment of required capital or surplus, or suspension or revocation by another state, the commissioner shall refuse, suspend or revoke the certificate of authority without a prior hearing. In all other cases the commissioner shall refuse, suspend or revoke the certificate of authority only after a hearing, unless the insurer waives the hearing in writing.
WY Stat § 26-3-117 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-117 - Suspension and Revocation of Certificate of Authority; Order and Notice of Suspension.

26-3-117. Suspension and revocation of certificate of authority; order and notice of suspension.| (a) All suspensions or revocations of or refusals to continue an insurer's certificate of authority shall be by the commissioner's order given to the insurer.  (b) Upon issuance of an order, the commissioner shall immediately give notice thereof to the insurer's agents in this state of record in the department and shall suspend or revoke the authority of those agents to represent the insurer.  (c) The commissioner shall publish notice of any suspension, revocation or refusal to continue in a newspaper in general circulation.
WY Stat § 26-3-118 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-118 - Suspension, Revocation of Certification of Authority; Duration of Suspension; Reinstatement.

26-3-118. Suspension, revocation of certification of authority; duration of suspension; reinstatement.| (a) Suspension of an insurer's certificate of authority shall be for the period the commissioner specifies in the order of suspension, but not to exceed one (1) year. During the suspension period the commissioner may rescind or shorten the suspension by further order.  (b) During the suspension period the insurer shall not solicit or write any new business in this state but shall file its annual statement, pay fees, licenses and taxes as required under this code and may service its business already in force in this state as if the certificate of authority had continued in full force.  (c) Upon expiration of the suspension period, if within that period the certificate of authority has not terminated, the insurer's certificate of authority is automatically reinstated unless the commissioner finds that the causes of the suspension, other than a discontinued violation, have not terminated, or that the insurer is otherwise not in compliance with the requirements of this code, and of which the commissioner shall give the insurer notice not less than thirty (30) days in advance of expiration of the suspension period. If not automatically reinstated, the certificate of authority terminates at the end of the suspension period.  (d) Upon reinstatement of the insurer's certificate of authority, the authority of its agents in this state to represent the insurer also reinstate. The commissioner shall promptly notify the insurer and its agents in this state, of record in the department, of reinstatement. If pursuant to W.S. 26-3-117(c) the commissioner has published notice of suspension of the insurer's certificate of authority, he shall also publish notice of reinstatement.
WY Stat § 26-3-119 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 3 - Authorization of Insurers and General Requirements|Article 1 - In General|Section 26-3-119 - General Corporation Laws Not Applicable to Authorized Foreign Insurers.

26-3-119. General corporation laws not applicable to authorized foreign insurers.| The general corporation laws of this state do not apply to foreign insurers holding certificates of authority to transact insurance in this state.