044-12 Wyo. Code R. §§ 12-4 - Exemptions
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).
Notes
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