044-29 Wyo. Code R. § 29-6

Current through April 27, 2019

Section 29-6 - Certificate of Registration; Filing

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

(i) the managing general agent is competent, trustworthy, financially responsible and of good reputation;

(ii) the managing general agent is the insurer's representative and is authorized to perform those functions which are set forth in the management contract; and

(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 managing general agent 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 a managing general agent shall file with the commissioner a copy of the management contract in conjunction with the filing of the registration form.

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

044-29 Wyo. Code R. § 29-6