Consultant

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Consultant

Legal Authority:

Wyo. Stat. §§ 26-9-220 and 26-9-231, Regulations Chapter 18

A Wyoming Consultant’s License is required of any individual who:

For a fee, offers any advice, counsel, opinion or service with respect to insurance needs, insurance risks, or concerning the benefits, coverages or provisions under any policy of insurance or involving the advantages or disadvantages of any such policy,
Acts in this state on behalf of the insured,
Is not compensated by an insurer or insurance producer for the advice given.
An insurance producer who is also licensed as a consultant shall not act in the dual capacity of an insurance producer and a consultant in the same insurance transaction.

“Consultant” means any individual who:

For compensation as an independent contractor, or as the employee of an independent contractor, or for fee or commission,
On behalf of the insured investigates and negotiates settlement of claims arising under insurance contracts, or
Advises insureds with respect to the benefits or advantages under insurance contracts.
Includes a Public Adjuster.

Exemptions from Licensing

A licensed attorney,
A licensed producer who gives advice incidental to the normal course of insurance business and does not charge a fee other than commissions received from the insurance written, or
Any person who gives incidental advice in the normal course of a business or professional activity, other than insurance consulting, if neither that person nor that person’s employer receives compensation, direct or indirect, on account of any insurance transaction that results from that advice.
Consulting firms are not licensed in Wyoming.

Lines of Authority

Property
Casualty
Personal Lines
Life
Accident and Health or Sickness
Public Adjuster

License Term

License term is two (2) years.
Licenses renew on the second anniversary of the last day of the month of the licensee’s birthday.
Licensees shall inform the commissioner by any means acceptable to the commissioner of a change of address within thirty (30) days of the change.
Licensees should review and update their addresses (including e-mail) on file electronically through NIPR Contract Change Request at NIPR or Sircon.

Eligibility for Consultant License

To obtain a Wyoming Resident Consultant license, the applicant shall:

Be an adult (age 18),
Be a resident of Wyoming
Not have committed any act that is grounds for denial, suspension or revocation set forth in Wyo. Stat. § 26-9-211,
Submit a completed application,
Pay the appropriate fees,
Within the preceding 12 months, pass the appropriate exam, and
Submit fingerprints and a fee for the Criminal History Record Check.

Following a felony conviction, the Department denies a license application until the completion of all terms and conditions of sentencing, including probation and the payment of restitution.

Resident Consultant Exams

How to Register for an Exam

Pearson VUE administers all required insurance licensing exams for the Department. For information on exam scheduling, procedures and outlines, follow this link: Pearson VUE.

Consultant exams are offered by line of authority.
Individuals applying for the Consultant - Public Adjuster line of authority must pass the General Lines Adjuster exam.

How to Apply for a License

Paper Processing - After passing the appropriate exams, submit to the Department the following:

Uniform Application for Individual Producer License (Major Lines) – available through NIPR or Paper Application Form
Uniform Application for Individual Adjuster License/Registration (Public Adjuster) – available through NIPR or Paper Application Form
Additional Documentation as Required by the Application
Appropriate Licensing Fee (see Application and Licensing Fees below)
Criminal History Record Check Fee.

See Fingerprints and Criminal History Record Check webpage for information.

Criminal History Record Check

Applicants are required to furnish fingerprints effective July 1, 2011.
Fee is $39
Fingerprint packet will be provided by Department upon receipt of application and fees.
Applications will not be processed until the background report has been received.
Licenses will not be issued until the Department has determined that the individual meets all requirements and is fit for licensing.

Resident Consultant Application and Licensing Fees

Initial License: $100
Fingerprinting Fee $39
Total licensing Fee: $139

The fees submitted for an initial application or renewal application are non-refundable pursuant to Wyo. Stat. § 26-4-101.

Resident Renewal

License renewal requires submitting the renewal application, payment of the renewal invoice and reporting continuing education.
Renewal invoices will be mailed at least 60 days prior to the license expiration.
Invoice will include the license renewal fee ($100) and the continuing education reporting fee ($30)
Electronic renewal is encouraged for efficiency and accuracy and is available through Sircon.
Paper Applications: Uniform Application for Individual Producer License Renewal/Continuation (Major Lines) or Uniform Application for Individual Adjuster License Renewal/Continuation (Public Adjuster)
Continuing education may be reported any time during the licensing period but must be reported prior to the expiration of the license.

Continuing Education

Residents must complete and report 24 hours of continuing education during each licensing period.
Three (3) of the required hours must be in ethics.
Courses must be taken during the two-year licensing period.
See Continuing Education webpage for additional information and forms.

Eligibility for Consultant License

To obtain a Wyoming Nonresident Consultant license, the applicant shall:

Be an adult (age 18),
Be a resident of another state which permits residents of Wyoming to act as consultants in that state,
Not have committed any act that is grounds for denial, suspension or revocation set forth in Wyo. Stat. § 26-9-211,
Submit a completed application,
Pay the appropriate fees.

Following a felony conviction, the Department denies a license application until the completion of all terms and conditions of sentencing, including probation and the payment of restitution.

How to Apply for a Nonresident License

Paper Processing - Submit to the Department the following:

Uniform Application for Individual Producer License (Major Lines) – available through NIPR or Paper Application Form
Uniform Application for Individual Adjuster License/Registration (Public Adjuster) – available through NIPR or Paper Application Form
Additional Documentation as Required by the Application
Appropriate Licensing Fee (see Application and Licensing Fees below)

Nonresident Consultant Application and Licensing Fee

Initial License: $100

The fees submitted for an initial application or renewal application are non-refundable pursuant to Wyo. Stat. § 26-4-101.

Nonresident Renewal

License renewal requires submitting the renewal application and payment of the renewal invoice.
Renewal invoices will be mailed at least 60 days prior to the license expiration.
Invoice will include the license renewal fee $150
Electronic renewal is encouraged for efficiency and accuracy and is available through Sircon.
Paper Applications: Uniform Application for Individual Producer License Renewal/Continuation (Major Lines) or Uniform Application for Individual Adjuster License Renewal/Continuation (Public Adjuster)

Office Accessible to the Public

Wyoming regulation requires a consultant to maintain an office accessible to the public, and
Keep in the office usual and customary records pertaining to transactions associated with the license.