Wyoming Title Insurance Act

Wyoming · Insurance Code · §§ 26-23-301 to 26-23-336 · 36 sections

Overview

The Title Insurance Act governs the business of title insurance, setting the terms under which companies may be authorized to insure titles to real property and the standards they must meet to keep operating. It establishes financial requirements — minimum capital and surplus, statutory premium and other reserves, limits on investments, reinsurance and retained liability, and annual statements subject to regulatory examination — along with licensing and oversight of title insurance agents, independent escrowees, and the handling of settlement funds and closing protection. It also regulates market conduct, prohibiting referral fees and kickbacks, preserving the consumer's right to choose a title insurance company, addressing non-English language transactions and record retention, and backing these requirements with penalties, injunctive relief, and remedies extending to receivership and involuntary liquidation.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Wyo. Stat. Ann. § 26-23-301Short title
Wyo. Stat. Ann. § 26-23-302Applicability of article; construction with other laws
Wyo. Stat. Ann. § 26-23-303Definitions
Wyo. Stat. Ann. § 26-23-304Corporate form required
Wyo. Stat. Ann. § 26-23-305Title insurers; authorized activities
Wyo. Stat. Ann. § 26-23-306Limitations on powers
Wyo. Stat. Ann. § 26-23-307Single risk limitation
Wyo. Stat. Ann. § 26-23-308Underwriting standards; record retention
Wyo. Stat. Ann. § 26-23-309Reinsurance reserve
Wyo. Stat. Ann. § 26-23-310Use of reinsurance reserve on liquidation, dissolution or insolvency
Wyo. Stat. Ann. § 26-23-311Loss and loss expense reserve
Wyo. Stat. Ann. § 26-23-312Reinsurance
Wyo. Stat. Ann. § 26-23-313Investments
Wyo. Stat. Ann. § 26-23-314Conditions for providing escrow, closing or settlement services, or maintaining title indemnification accounts
Wyo. Stat. Ann. § 26-23-315Identification of title agents
Wyo. Stat. Ann. § 26-23-316Title agents; license required; requirements as to license
Wyo. Stat. Ann. § 26-23-317Title agents; application for license
Wyo. Stat. Ann. § 26-23-318Title agents; issuance of license; expiration; renewal
Wyo. Stat. Ann. § 26-23-319Title agents; records
Wyo. Stat. Ann. § 26-23-320Title agents; report of claims
Wyo. Stat. Ann. § 26-23-321Title agents; refusal, suspension or revocation of license; fine instead of suspension
Wyo. Stat. Ann. § 26-23-322Rebates and inducements prohibited
Wyo. Stat. Ann. § 26-23-323Division of premiums and charges
Wyo. Stat. Ann. § 26-23-324Favored title agent or insurer
Wyo. Stat. Ann. § 26-23-325Premium rate standards
Wyo. Stat. Ann. § 26-23-326Premium rate schedules
Wyo. Stat. Ann. § 26-23-327Publication of schedules of premiums and charges
Wyo. Stat. Ann. § 26-23-328Form filing
Wyo. Stat. Ann. § 26-23-329Form standards
Wyo. Stat. Ann. § 26-23-330Endorsements
Wyo. Stat. Ann. § 26-23-331Notice of issuance of mortgagee policy
Wyo. Stat. Ann. § 26-23-332Filing by rating bureaus permitted
Wyo. Stat. Ann. § 26-23-333Regulations
Wyo. Stat. Ann. § 26-23-334Enforcement
Wyo. Stat. Ann. § 26-23-335Filing of schedule of risk rates; attaching schedule of rates and charges to policy
Wyo. Stat. Ann. § 26-23-336Mortgagee policies

Enacted in other states

Alabama, Arkansas, Connecticut, Illinois, Louisiana, Montana, Texas

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