Board of insurance examiners-repeal.

ORIGINAL
House
Bill No
.
HB0043

ENROLLED ACT NO. 9,

HOUSE OF REPRESENTATIVES

SIXTY-FOURTH LEGISLATURE OF THE STATE OF WYOMING
2017 General Session

AN ACT relating to insurance producers and adjusters; requiring the commissioner of insurance to conduct a review of licensing examination procedures; establishing a review panel to assist in the commissioner’s review of licensing exam procedures; authorizing reimbursement of expenses; repealing the state board of insurance agent examiners; making conforming amendments; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 26
‑
9
‑
235 is created to read:

26
‑
9
‑
235
.

Licensing examination review panel.

(a)

The commissioner
shall review the procedures for administering examinations required by this chapter no less than every three (3) years. The review shall include consideration of employing outside testing services as authorized by W.S. 26
‑
9
‑
205(
b).

(b)

The commissioner shall establish a review panel consisting of six (6) licensed insurance producers or adjusters to assist in the administration of duties under subsection (a) of this section. Each licensed insurance producer or adjuster shall
have been
licensed in this state for at least three (3) years immediately prior to appointment. One (1) shall
be
a life
and accident and health producer
, one (1) a
property and casualty producer
, one (1) the
producer
of a domestic insurer, one (1) a title insurance agent, one (1) a
limited lines producer
and one (1)
an
insurance adjuster
.

(c)

Panel members shall serve four (4) year terms, except that of the initial review panel three (3) members
shall
serve a term of two (2) years and three (3) members for four (4) years. Initial terms shall commence on August 1, 2017. Any member of the review panel may be removed as provided under W.S. 9-1-202. Vacancies shall be filled by the commissioner for the unexpired term.

(
d
)

The review panel shall provide the following assistance to the commissioner:

(
i
)

Review general policy concerning the scope, contents, procedure and conduct of examinations to be given by the commissioner for licenses for insurance producers and adjusters;

(ii)

Review the questions comprising each particular examination;

(iii)

Review the scope and contents of material furnished examination applicants by the commissioner under W.S. 26
‑
9
‑
205 for the purpose of preparing for an examination;

(iv)

Review the procedure to be followed in the conduct of examinations, including but not limited to application for examination, frequency and place of examinations and monitoring and safeguarding of examination questions and papers;

(v)

Review the value to be allowed for a correct answer to each question in examination grading;

(vi)

Make
any recommendations to the commissioner it deems appropriate, including recommendations regarding the administration of the examination requirements for licensing.

(
e
)

The c
ommissioner, upon application by the panel members, is authorized to reimburse each panel member per diem and mileage expenses, as allowed to state employees, for each day they are actually engaged in the discharge of the panel's duty.

Section 2
.

W.S. 26
‑
9
‑
205 is amended to read:

26
‑
9
‑
205
.

Application for examination.

(a)

A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to W.S. 26
‑
9
‑
209. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer and the insurance laws and regulations of this state. Examinations required by this section shall be developed and conducted by the commissioner who
shall

adh
ere to the applicable instructions or recommendations of the state board of insurance agents' examiners as provided by W.S. 26
‑
10
‑
104

may
promulgate appropriate rules and regulations on the administration of examinations
.

(b)

The commissioner
and the state board of insurance agents' examiners
may make arrangements, including contracting with an outside testing service, for administering examinations. If an outside testing service is employed, each individual applying for an examination shall remit the appropriate fee for the examination to the testing service.

Section 3
.

W.S. 26
‑
2
‑
109(
d), 26
‑
2
‑
203, 26
‑
4
‑
102(b)(
i
) and 26
‑
10
‑
101 through 26
‑
10
‑
109 are repealed.

Section 4
.

Any funds in the account of the state board of insurance agent’s examiners created by W.S 26
‑
10
‑
107(
a) shall be deposited in the general fund.

Section 5
.

This act is effective July 1, 2017
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the
House
.

Chief Clerk

1