Section 18-2 - Definitions (a) As used in these regulations "Consultant" means any person who, for a fee, engages in the business of offering to another person any advice, counsel, opinion or service with respect to insurance needs, insurance risks, or concerning the benefits, coverages or provisions under any policy of insurance that could be issued in this state, or involving the advantages or disadvantages of any such policy of insurance, or any formal plan of managing pure risk and is not compensated by an insurer, or insurance producer for the advice given. - (i) Consultants as defined in this section shall include:
- (B) Any other person who, for compensation as an independent contractor, or as the employee of an independent contractor, or for fee or commission, on behalf of the insured investigates and negotiates settlement of claims arising under insurance contracts or who is engaged in the business of advising insureds with respect to the benefits or advantages promised under insurance contracts that could be or have been issued in this state.
- (ii) Consultants, as defined in this section shall not include: A licensed attorney;
- (A) Any licensed insurance producer who gives advice incidental to the normal course of insurance business and does not charge a fee other than commissions received from the insurance written; or
- (B) Any person who gives incidental advice in the normal course of a business or professional activity, other than insurance consulting, if neither that person nor that person's employer receives compensation, direct or indirect, on account of any insurance transaction that results from that advice.
044-18 Wyo. Code R. § 18-2