What Types Of Licenses Can Be Granted In Wyoming?

The Insurance Department grants the following types of licenses. Each license issued by the Department is valid only for the line of authority named on the license.

An agent is any individual, firm or corporation appointed by an insurer to solicit applications for insurance or annuities or to negotiate insurance or annuities on its behalf.

A solicitor is an individual employed by an agent or broker to solicit applications for insurance (other than life or disability insurance) as a representative of that agent or broker.

A broker is a resident individual, firm or corporation organized under the laws of the state of Wyoming who not being an agent of the insurer, as an independent contractor and on behalf of the insured, for compensation or fee solicits, negotiates, or procures insurance or the renewal or continuance thereof for insureds or prospective insureds, other than himself/herself.

An adjuster is any individual who, for compensation as an independent contractor, or as the employee of an independent contractor, or as a salaried employee of an insurer, or for fee or commission, on behalf of the insurer investigates and negotiates settlement of claims arising under insurance contracts.

A consultant is any individual who, for a fee, engages in a business of offering to another person any advice, counsel, opinion or service with respect to insurance needs or risks, or concerning the benefits, coverages or provisions under any policy of insurance that could be issued in the state, or involving the advantages or disadvantages of any such policy of insurance, or formal plan of managing pure risk, and is not compensated by an insurer, agent or broker for the advice given.

A service representative is any individual employed by an insurer or managing general agent to work with agents in soliciting, negotiating and carrying out insurance for the general agent.

Other Wyoming Insurance FAQs

Q: Where Can I Obtain Insurance Licensing Information?
A: You may obtain licensing information from the Wyoming Insurance Department. Address: Herschler Bldg 3rd Floor East 122 West 25th Street Cheyenne, WY 820020440 … More
Q: What Are The Licensing Requirements In Wyoming?
A: Wyoming residents desiring any type of insurance license must be: 18 years of age; a resident of Wyoming for at least 60 days; and competent, trustworthy, financially … More
Q: What Are The Licensing Application Procedures?
A: The procedure for licensing is as follows: Prepare for the prelicensing examination Register for and schedule the examination Take the examination and receive a … More
Q: How Do I Obtain A Company Appointment?
A: Persons, firms or corporations licensed as agents must be appointed by each insurer represented. Appointments must be filed with the Insurance Department using the … More
Q: Is An Examination Required For All Applicants?
A: Each applicant for licensing as an agent, solicitor, consultant, surplus lines broker, adjuster or funeral service contractor must pass an examination before becoming … More
Q: How Do I Register For And Schedule An Insurance Licensing Examination?
A: The Wyoming Insurance Department has contracted with Experior Assessments TM, LLC (Experior) to conduct its examination program. Experior provides computerized … More
Q: Is There A Continuing Education Requirement?
A: All Wyoming agents, brokers, solicitors, adjusters, service representatives and consultants must complete 10 hours of continuing education annually. No more than five … More