Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 12 - REGULATION GOVERNING REPLACEMENT OF LIFE INSURANCE POLICIES AND ANNUITIES
Section 12-4 - Exemptions

Universal Citation: WY Code of Rules 12-4

Current through September 21, 2024

Unless otherwise specifically included, this Regulation shall not apply to transactions involving:

(a) Credit life insurance;

(b) Group life insurance or group annuities;

(c) An application to the existing insurer that issued the existing life insurance and a contractual change or a conversion privilege is being exercised;

(d) Proposed life insurance that is to replace life insurance under a binding or conditional receipt issued by the same company; and

(e) Transactions where the replacing insurer and the existing insurer are the same, or are subsidiaries or affiliates under common ownership or control; provided, however, producers proposing replacement shall comply with the requirements of Section 5(a).

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