044-20 Wyo. Code R. § 20-2

Current through April 27, 2019
Section 20-2 - Definitions

Terms used in this Chapter have the following meanings:

(a) "Certificate of completion" means a document signed by the instructor (or other designated person) of a certified course which signifies satisfactory completion of the course and reflects hours of credit earned.

(b) "Certified course" means an educational presentation offered in a class, seminar, independent study, or similar form of instruction involving insurance fundamentals, insurance-related law, insurance policies, claims and coverages, insurance needs and product changes, insurance risk management, etc., which is approved by the commissioner pursuant to Section 9 of this Regulation.

(c) "Classroom" means an organized setting where a group of persons is instructed; or correspondence or home study course culminating with a supervised examination.

(d) "Contact hours" means the number of hours of instruction or participation in the classroom.

(e) "Ethics" means instruction in the customs among members of the insurance profession involving their moral and professional duties toward one another, toward clients, toward insureds, and toward insurers. It may include, but is not limited to, fiduciary responsibility, commingling funds, paying and accepting commissions, unfair claims practices, professionalism, policy replacement consideration, handling or supervising the affairs or funds of another and conflicts of interest.

(f) "Good cause" means reasons for not timely complying with the requirements of this regulation including disability, death of an immediate family member, natural disaster or other extenuating circumstances.

(g) "Licensee" - means persons who are required to be licensed under the Wyoming insurance code including resident insurance producers, title agents, adjusters, and designated Wyoming home state non-resident adjusters.

044-20 Wyo. Code R. § 20-2

Amended, Eff. 2/21/2018.