Section 14-3 - No Cancellation of a Policy; Exceptions (a) No insurer shall exercise its right to cancel a policy except for the following reasons: - (i) Nonpayment of premium;
- (ii) The driver's license or motor vehicle registration of any one operator residing in the policyholder's household (including all insureds, named or otherwise) or who customarily operates a motor vehicle insured under the policy has been under suspension or revocation during the policy period. The insurer may cancel coverage only to such operator by issuing an endorsement to the policy excluding coverage thereunder to such operator notwithstanding any omnibus clause contained in the policy. Refusal of such restrictive endorsement by said policyholder shall constitute grounds for cancellation of the policy. Modification of automobile physical damage coverage by applying a deductible amount not exceeding five hundred dollars ($500.00) shall not be deemed a cancellation.
- (iii) Fraud on the part of the applicant in filing out the application.
- (iv) For any reason determined appropriate by the insurance commissioner after a hearing thereon, other than specified in paragraphs (i), (ii), or (iii). such hearing shall be held upon petition of the insurer within 15 days after receipt of said petition by the insurance commissioner, or within 15 days after notice to the policyholder served in accordance with Rule 4 of the Wyoming Rules of Civil Procedure, whichever is later.
044-14 Wyo. Code R. § 14-3