044-4 Wyo. Code R. § 4-15

Current through April 27, 2019

Section 4-15 - Same; Filing

(a) Every insurer transacting the business of insurance in this state through an administrator shall register and appoint said administrator with the insurance department on forms provided by the insurance department. In registering and appointing an administrator the insurer shall certify to the commissioner that:

• (i) the administrator is competent, trustworthy, financially responsible and of good reputation;

• (ii) the administrator is the insurer's representative and is authorized to perform those functions which the insurer shall describe in writing to the insurance commissioner;

• (iii) the insurer agrees that any violation of the Wyoming Insurance Code, any lawful rule or final order of the commissioner or any final judgment or decree made by any court committed by the administrator while acting within its apparent scope of authority for the insurer shall be deemed to be a violation of said code by the insurer.

(b) Every insurer transacting business through an administrator shall file with the commissioner a copy of the bond or certificate of deposit required in Section 17.

(c) After completion of the registration, if the commissioner finds the administrator meets the requirements of the Wyoming Insurance Code and these regulations, he shall promptly issue to the administrator a certificate of registration and shall provide a copy of said certificate to the insurer.

044-4 Wyo. Code R. § 4-15