Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 14 - CANCELLATION AND NONRENEWAL OF AUTOMOBILE LIABILITY POLICIES
Section 14-3 - No Cancellation of a Policy; Exceptions
Universal Citation: WY Code of Rules 14-3
Current through September 21, 2024
(a) No insurer shall exercise its right to cancel a policy except for the following reasons:
(i) Nonpayment of premium;
(ii) The driver's license or motor vehicle
registration of any one operator residing in the policyholder's household
(including all insureds, named or otherwise) or who customarily operates a
motor vehicle insured under the policy has been under suspension or revocation
during the policy period. The insurer may cancel coverage only to such operator
by issuing an endorsement to the policy excluding coverage thereunder to such
operator notwithstanding any omnibus clause contained in the policy. Refusal of
such restrictive endorsement by said policyholder shall constitute grounds for
cancellation of the policy. Modification of automobile physical damage coverage
by applying a deductible amount not exceeding five hundred dollars ($500.00)
shall not be deemed a cancellation.
(iii) Fraud on the part of the applicant in
filing out the application.
(iv)
For any reason determined appropriate by the insurance commissioner after a
hearing thereon, other than specified in paragraphs (i), (ii), or (iii). such
hearing shall be held upon petition of the insurer within 15 days after receipt
of said petition by the insurance commissioner, or within 15 days after notice
to the policyholder served in accordance with Rule 4 of the Wyoming Rules of
Civil Procedure, whichever is later.
Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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