reglab/housing_qa huggingface dataset:
WY Stat § 26-11-112 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-112 - Surplus Lines Broker's License; Authority for Issuance; Application; Fee; Applicable Law.

26-11-112. Surplus lines broker's license; authority for issuance; application; fee; applicable law.| (a) Repealed By Laws 2012, Ch. 37, § 3.  (b) Repealed By Laws 2012, Ch. 37, § 3.  (c) Repealed By Laws 2012, Ch. 37, § 3.  (d) Repealed By Laws 2012, Ch. 37, § 3.  (e) For insureds whose home state is Wyoming, a person shall not procure a contract of surplus lines insurance for the insured with a nonadmitted insurer unless the person possesses a current surplus lines insurance license issued by the commissioner.  (f) The commissioner may issue a resident surplus lines broker license to a qualified holder of a current property and casualty producer license if:  (i) The person has paid the fees set forth in W.S. 26-4-101(a);  (ii) The person has submitted or transmitted to the commissioner a completed uniform application;  (iii) The individual has taken and passed a written examination in a form prescribed by the commissioner; and  (iv) The person has established and continues to maintain an office in this state.  (g) A nonresident person shall receive a nonresident surplus lines broker license pursuant to the requirements of W.S. 26-9-208.  (h) A business entity acting as a surplus lines broker is required to obtain a surplus lines broker license. In addition to the requirements for licensure set forth in subsections (f) and (g) of this section; before approving the application the commissioner shall find that the business entity has designated a licensed surplus lines broker responsible for the business entity's compliance with the insurance laws, rules and regulations of this state.  (j) The commissioner may require any documents reasonably necessary to verify the information contained in an application.  (k) The commissioner shall waive any requirements for a nonresident surplus lines license applicant with a valid license from his home state, except the requirements imposed by this section, if the applicant's home state awards nonresident surplus lines licenses to residents of this state on the same basis.  (m) Repealed by Laws 2019, ch. 19, § 2.  (n) The license and licensee are subject to chapter 9 of this title as provided in W.S. 26-9-201.
WY Stat § 26-11-113 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-113 - Surplus Lines Broker's License; Suspension or Revocation; Grounds; Procedure.

26-11-113. Surplus lines broker's license; suspension or revocation; grounds; procedure.| (a) The commissioner may, after appropriate notice and opportunity for hearing pursuant to the Wyoming Administrative Procedure Act and in accordance with W.S. 26-2-125 through 26-2-129, place on probation, suspend, revoke or refuse to issue or renew any surplus lines broker's license or other license issued under this title, or may levy a civil penalty in accordance with W.S. 26-1-107 or any combination of actions for any one (1) or more of the following causes:  (i) Repealed By Laws 2012, Ch. 37, § 3.  (ii) Repealed By Laws 2012, Ch. 37, § 3.  (iii) Removal of the resident surplus lines broker's office from this state;  (iv) Removal of the resident surplus lines broker's office accounts and records from this state during the period during which the accounts and records are required to be maintained under W.S. 26-11-116;  (v) Failure to make and file required reports when due;  (vi) Failure to remit the tax on surplus lines premiums as provided in this chapter;  (vii) Failure to maintain a bond as required by W.S. 26-11-114;  (viii) Violation of any provision of this chapter; or  (ix) For any cause for which an insurance license could be denied, revoked, suspended or renewal refused under chapter 9 of this title.  (b) The procedures provided by chapter 9 of this code for suspension or revocation of licenses apply to suspension or revocation of a surplus line broker's license.  (c) Upon suspending or revoking the broker's surplus line license, the commissioner shall also suspend or revoke all other licenses of or as to the same individual under this code.  (d) No broker whose license is suspended or revoked shall again be licensed until any fines or delinquent taxes he owes are paid, or, in case of revocation, until after expiration of one (1) year from the date revocation is final.
WY Stat § 26-11-114 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-114 - Surplus Line Broker's Bond.

26-11-114. Surplus line broker's bond.| Prior to issuance of a license as a surplus line broker, the applicant shall file with the commissioner and thereafter for as long as the license remains in effect shall keep in force a bond in favor of the state of Wyoming in the penal sum of ten thousand dollars ($10,000.00), with an authorized corporate surety the commissioner approves, conditioned that he will conduct business under the license in accordance with this chapter and that he will promptly remit the taxes provided by W.S. 26-11-118. The aggregate liability of the surety for any claims on the bond shall not exceed the penal sum of the bond. The bond shall not be terminated unless not less than thirty (30) days prior written notice thereof is given to the licensee and filed with the commissioner.
WY Stat § 26-11-115 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-115 - Surplus Lines Broker May Accept and Place Business From Producers.

26-11-115. Surplus lines broker may accept and place business from producers.| A licensed surplus lines broker may accept and place surplus line business for any insurance producer licensed in this state for the kind of insurance involved and may compensate the producer therefor.
WY Stat § 26-11-116 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-116 - Records of Broker; Contents; Examination.

26-11-116. Records of broker; contents; examination.| (a) Each surplus lines broker shall keep in his office a full and true record of each surplus lines insurance contract placed by or through the broker for which this state is the home state of the insured, including a copy of the policy, certificate, cover note or other evidence of insurance showing each of the following applicable items:  (i) Amount of the insurance, risks and perils insured;  (ii) Gross premium charged;  (iii) Return premium paid, if any;  (iv) Rate of premium charged upon the several items of property;  (v) Effective date of contract and the terms thereof;  (vi) Name and address of each insurer on the direct risk and the proportion of the entire risk assumed by each insurer if less than the entire risk;  (vii) Name and address of the insured;  (viii) Brief general description of the property or risk insured and where located or to be performed;  (ix) Repealed By Laws 2012, Ch. 37, § 3.  (x) Amount of tax and other sums to be collected from the insured;  (xi) Allocation of taxes by state as referred to in W.S. 26-11-118;  (xii) Identity of the producer, any confirming correspondence from the insurer or its representative, and the application; and  (xiii) Any other information the commissioner requires.  (b) The record of each contract shall be kept open at all reasonable times to examination by the commissioner without notice for a period of not less than five (5) years following termination of the contract. In lieu of maintaining offices in this state, each nonresident surplus lines broker shall make available to the commissioner any and all records that the commissioner deems necessary for examination.
WY Stat § 26-11-117 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-117 - Surplus Lines Broker Affidavit Report.

26-11-117. Surplus lines broker affidavit report.| (a) Each surplus lines broker, on or before February 15, May 15, August 15 and November 15 of each year, if applicable, shall file with the commissioner an affidavit report verifying that all surplus lines insurance transacted during the preceding calendar quarter has been submitted as required by the commissioner.  (b) The affidavit report of the surplus lines broker shall be in the form and manner the commissioner prescribes. The report shall include a statement as to the diligent efforts made to place the coverage with admitted insurers, the results thereof and any additional information required by the commissioner.  (i) Repealed By Laws 2011, ch. 129, § 207.  (ii) Repealed By Laws 2020, ch. 45, § 2.  (iii) Repealed By Laws 2020, ch. 45, § 2.  (iv) Repealed By Laws 2020, ch. 45, § 2.  (v) Repealed By Laws 2020, ch. 45, § 2.  (vi) Repealed By Laws 2020, ch. 45, § 2.  (vii) Repealed By Laws 2020, ch. 45, § 2.  (c) An alternative reporting and tax payment period may be required by participation in a multistate compact, reciprocal agreement or clearinghouse pursuant to W.S. 26-11-123.  (d) Repealed by Laws 2020, ch. 45, § 2.
WY Stat § 26-11-119 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-119 - Failure to File Report or Pay Tax; Penalty.

26-11-119. Failure to file report or pay tax; penalty.| Any licensed surplus lines broker or insured who independently procures insurance, who fails to file a report in the form and within the time required or provided for in W.S. 26-11-117 or 26-11-124 may be fined up to twenty-five dollars ($25.00) per day for each day the delinquency continues, beginning the day after the report was due until the date the report is received. The surplus lines broker or insured who independently procures insurance shall pay interest on the amount of any delinquent tax due as required by W.S. 26-11-118(e).
WY Stat § 26-11-120 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-120 - Service of Process Against Nonadmitted Insurer.

26-11-120. Service of process against nonadmitted insurer.| (a) A nonadmitted insurer shall be sued, upon any cause of action arising in this state under any contract it issues as a nonadmitted insurance contract pursuant to this chapter, in the district court of the county in which the cause of action arises.  (b) Legal process against the insurer in any action specified in subsection (a) of this section may be served upon the commissioner as provided in W.S. 26-3-122. The commissioner shall immediately mail a copy of the process served to the person the insurer designates in the policy for that purpose, by prepaid registered or certified mail with return receipt requested. After service of process upon the commissioner in accordance with this section, the court has jurisdiction in personam of the insurer.  (c) A nonadmitted insurer issuing a policy is deemed to have authorized service of process against it in the manner and to the effect provided in this section. The policy shall contain a provision stating the substance of this section and designating the person to whom the commissioner shall mail process as provided in subsection (b) of this section.
WY Stat § 26-11-121 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-121 - Rules and Regulations.

26-11-121. Rules and regulations.| (a) The commissioner shall make or may approve and adopt reasonable rules and regulations, consistent with this chapter, for any of the following purposes:  (i) Carrying out of this chapter;  (ii) Establishment of procedures through which eligibility of particular proposed coverages for export is determined; and  (iii) Establishment, procedures and operations of any voluntary organization of brokers or others designed to assist those brokers to comply with this chapter.  (b) The rules and regulations are subject to the procedures and carry the penalty provided by W.S. 26-2-110.
WY Stat § 26-11-122 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-122 - Disclosure to Commissioner of Insurance Placed With Nonadmitted Insurer.

26-11-122. Disclosure to commissioner of insurance placed with nonadmitted insurer.| Any person for whom insurance is placed with an nonadmitted insurer, upon the commissioner's order, shall produce for his examination all policies and other documents evidencing the insurance and shall disclose to the commissioner the amount of gross premiums paid or agreed to be paid for the insurance. If the person refuses to obey the commissioner's order, he is subject to the penalties provided by W.S. 26-1-107 for each refusal.
WY Stat § 26-11-123 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-123 - Interstate Insurance Regulatory Cooperation.

26-11-123. Interstate insurance regulatory cooperation.| To carry out the purposes of the Nonadmitted and Reinsurance Reform Act of 2010, 15 U.S.C. 8201 et seq., the commissioner may participate in a nonadmitted insurance multistate agreement or compact for the purposes of collecting, allocating and disbursing premium taxes attributable to the placement of nonadmitted insurance, providing for uniform methods of allocation and reporting among nonadmitted insurance risk classifications, sharing information among states relating to nonadmitted insurance premium taxes and providing for the determination of recommended uniform eligibility standards for nonadmitted insurers.
WY Stat § 26-11-124 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 11 - Nonadmitted Insurance|Section 26-11-124 - Independently Procured Insurance; Duty to Report and Pay Tax.

26-11-124. Independently procured insurance; duty to report and pay tax.| (a) Each insured whose home state is this state and who independently procures, continues or renews insurance with a nonadmitted insurer, other than insurance procured through a surplus lines broker, shall, within forty-five (45) days after the date the insurance was so procured, continued or renewed, file a report with the commissioner, in the form and manner prescribed by the commissioner, showing the name and address of the insured or insureds, name and address of the insurer, the subject of insurance, a general description of the coverage, the amount of premium currently charged and additional pertinent information requested by the commissioner.  (b) The insured is subject to the same tax and clearinghouse service fee payment requirements as apply to a surplus lines broker in W.S. 26-11-118.  (c) This section does not abrogate or modify, and shall not be construed or deemed to abrogate or modify any other provision of this chapter.  (d) This section does not authorize independent procurement of accident and health or sickness or disability insurance.
WY Stat § 26-14-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 14 - Rates and Rating Organizations|Section 26-14-101 - Purpose of Chapter; Liberal Interpretation.

26-14-101. Purpose of chapter; liberal interpretation.| The purpose of this chapter is to protect the public and policyholders against the effects of excessive, inadequate or unfairly discriminatory rates by promoting price competition among insurers. The provisions in this chapter are intended to prohibit unlawful price fixing agreements by or among insurers and to authorize essential cooperative activities among insurers in the rate making process and to regulate these activities to prohibit practices that tend to substantially lessen competition or create monopolies. This chapter shall be liberally interpreted to carry into effect the provisions of this section.
WY Stat § 26-14-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 14 - Rates and Rating Organizations|Section 26-14-102 - Scope and Applicability of Chapter; Liberal Interpretation.

26-14-102. Scope and applicability of chapter; liberal interpretation.| (a) This chapter applies to all kinds of insurance written on risks in this state by any insurer authorized to do business, except nothing in this chapter applies to:  (i) Life insurance;  (ii) Disability insurance;  (iii) Reinsurance;  (iv) Insurance against loss of or damage to aircraft, their hulls, accessories and equipment, or against liability arising out of the ownership, maintenance or use of aircraft;  (v) Insurance of vessels or craft, their cargoes, marine builders' risks, marine protection and indemnity, or other risks commonly insured under marine, as distinguished from inland marine, insurance policies;  (vi) Title insurance;  (vii) Annuities;  (viii) Worker's compensation insurance as provided under title 27, chapter 14 of the Wyoming statutes.  (b) No insurer shall be required to file any rates with the commissioner other than those for insurance not subject to this act or defined as noncompetitive in this act, after the passage of this act.  (c) This chapter shall be liberally interpreted to carry out the purpose specified in W.S. 26-14-101.
WY Stat § 26-14-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 14 - Rates and Rating Organizations|Section 26-14-104 - Competitive Market Presumed to Exist.

26-14-104. Competitive market presumed to exist.| A competitive market is presumed to exist except as otherwise provided by this chapter.
WY Stat § 26-14-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 14 - Rates and Rating Organizations|Section 26-14-105 - Rating Standards; Methods.

26-14-105. Rating standards; methods.| (a) Rates shall not be excessive, inadequate or unfairly discriminatory.  (b) Risks may be classified in any way except that no risk may be classified in whole or in part on the basis of race, color, creed or national origin. In determining whether rates in a noncompetitive market are excessive, inadequate or unfairly discriminatory, consideration may be given to the following elements:  (i) Basic Rate Factors.-Consideration may be given to past and prospective loss and expense experience within and outside of this state, to catastrophe hazards and contingencies, to events or trends within and outside of this state, to dividends or savings to policyholders, members or subscribers and to all other factors and judgments deemed relevant by the insurer;  (ii) Classification.-Rates may be modified for individual risks in accordance with rating plans or schedules which establish standards for measuring probable variations in hazards or expenses, or both;  (iii) Expenses.-The expense provisions shall reflect the operating methods of the insurer and, so far as credible, its own actual and anticipated expense experience; and  (iv) Contingencies and Profits.-The rates may contain a provision for contingencies and a provision for a reasonable underwriting profit, and shall reflect investment income directly attributable to unearned premium and loss reserves.  (c) Repealed by Laws 2021, ch. 138, § 1.
WY Stat § 26-14-107 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 14 - Rates and Rating Organizations|Section 26-14-107 - Filing of Rates; Supplementary Rate Information; Supporting Information; Public Inspection; Consent to Rates.

26-14-107. Filing of rates; supplementary rate information; supporting information; public inspection; consent to rates.| (a) In competitive markets, every insurer shall maintain all rates and supplementary rate information to be used in this state, in accordance with the provisions of W.S. 26-14-113(b), and such information shall be made available to the commissioner upon his request.  (b) In noncompetitive markets, every insurer shall file with the commissioner all rates, supplementary rate information and supporting information for noncompetitive markets at least thirty (30) days before the proposed effective date. The commissioner may give written notice, within thirty (30) days of the receipt of the filing, that he needs additional time, not to exceed thirty (30) days from the date of the notice, to consider the filing. Upon written application of the insurer, the commissioner may authorize rates to be effective before the expiration of the waiting period or an extension thereof. A filing shall be deemed to meet the requirements of this chapter and to become effective unless disapproved pursuant to W.S. 26-14-108 by the commissioner before the expiration of the waiting period or an extension thereof. Residual market mechanisms or advisory organizations may file residual market rates. The filing shall be deemed in compliance with the filing provisions of this section unless the commissioner informs the insurer within ten (10) days after receipt of the filing as to what supplementary rate information or supporting information is required to complete the filing.  (c) All information provided to the insurance commissioner under this chapter shall be open to public inspection. Copies may be obtained from the commissioner upon request and upon payment of a reasonable fee.  (d) Notwithstanding any other provisions of this section, upon written application of the insured, stating the reason therefor filed with the commissioner, a rate in excess of that otherwise applicable may be used on any specific risk.
WY Stat § 26-14-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 14 - Rates and Rating Organizations|Section 26-14-108 - Disapproval of Rates; Bases; Procedures.

26-14-108. Disapproval of rates; bases; procedures.| (a) The commissioner shall disapprove a rate for use in a noncompetitive market if he finds pursuant to subsection (b) of this section that the rate is excessive, inadequate or unfairly discriminatory.  (b) Disapproval of rates by the commissioner shall be subject to the following procedures:  (i) Prior to the expiration of the waiting period or an extension thereof of a filing made pursuant to W.S. 26-14-107(b), the commissioner may disapprove by written order rates filed pursuant to W.S. 26-14-107(b) without hearing. The order shall specify in what respects such filing fails to meet the requirements of this chapter. Any insurer whose rates are disapproved under this section shall be given a hearing upon written request made within thirty (30) days of disapproval;  (ii) If at any time the commissioner finds that a rate applicable to insurance sold in a noncompetitive market does not comply with the standards set forth in W.S. 26-14-105, he may, after a hearing held upon not less than twenty (20) days written notice, issue an order in accordance with subsection (c) of this section, disapproving the rate. Such notice shall be sent to every insurer and rate service organization which adopted the rate and shall specify the matters to be considered at the hearing. The order shall not affect any contract or policy made or issued prior to the expiration of the period set forth in the order.  (c) If the commissioner disapproves a rate pursuant to subsection (b) of this section, he shall issue an order within thirty (30) days of the close of the hearing specifying in what respects the rate fails to meet the requirements of this chapter. The order shall state an effective date no sooner than forty-five (45) business days after the date of the order when the use of the rate shall be discontinued. The order shall not affect any policy made before the effective date of the order.