
Wyoming Finance Licensing

Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Wyoming.
Company Licenses
Wyoming Financial Services Company Licenses
Wyoming Collection Agency Branch License
Initial Registration
Filing Method: | |
Agency Fee: | $500 |
Registration Renewal
Filing Method: | |
Agency Fee: | $150 |
Due: | Annually by December 31. |
Amendment
Filing Method: | |
Agency Fee: | $0 |
Notes: | Changes to a branch manager or address can be reported online. |
Wyoming Collection Agency Certificate of Exemption
Initial Registration
Form: | |
Agency Fee: | $0 |
Notarize: | Required |
Renewal Not Required
Not required
Exemption certificates do not expire.
Wyoming Collection Agency License
Agency: | Wyoming Collection Agency Board |
Foreign Qualification is Prerequisite: | Not Set |
Bond Requirements: | $10,000 surety bond. |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $500 |
Registration Renewal
Filing Method: | |
Agency Fee: | $150 |
Due: | Annually by December 31. |
Amendment
Filing Method: | |
Agency Fee: | $0 |
Notes: | Changes to an agency's name, address, or trade name can be reported online. |
Wyoming Insurance Agency License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
This section applies to insurance firms that are applying for a license in Wyoming for the first time.
Agency: | Wyoming Department of Insurance |
Form: | https://sites.google.com/a/wyo.gov/doi/licensing/producers/business-entity |
Agency Fee: | Varies by insurance type. Baseline of $100 |
Registration Renewal
This section applies to insurance firms that are already licensed in Wyoming and need to renew their license.
Renewal Not Required
Not required
Licenses are perpetual and do not need to be renewed.
Wyoming Limited Lines Producer Firm License - Non-Resident
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $150 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Limited Lines Producer Firm License - Resident
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Non-Resident Producer Firm License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $150 |
Registration Renewal
Filing Method: | |
Agency Fee: | $300 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Non-Resident Specialty Limited Lines Firm License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 per line of authority |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Non-Resident Surplus Lines Broker License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $150 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Resident Producer Firm License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Resident Specialty Limited Lines Firm License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $20 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Resident Surplus Lines Broker License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 |
Due: | Biennially by the end of the registration anniversary month. |
Wyoming Third Party Administrators License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | No |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | No |
Initial Registration
Form: | |
Filing Method: | |
Agency Fee: | $200 registration fee |
Required Attachments: |
Auditted financial statements for the TPA for the most recent 2 fiscal years, submitted in US GAAP format. The statements shall show that the TPA has a positive net worth and is financially responsible. Wyoming TPA Appointment Form for each insurer or MEWA with which the TPA has a contractual agreement for coverage in the State of Wyoming. Wyoming TPA Contract Checklist for each insurer or MEWA with which the TPA has a contractual agreement for coverage in the State of Wyoming. Wyoming TPA Funds Handled Disclosure for the estimated amount of funds that will be handled by the TPA in the first year of operations within the State of Wyoming. |
Bond Amount: | A bond for not less than 10% of the actual or expected premium written within the State of Wyoming. The bond shall be no less that $1,000, and shall not exceed $500,000 unless a larger amount is deemed necessary by the commissioner for the protection of the citizens of Wyoming. Wyoming TPA Bond Form |
Registration Renewal
Form: | |
Filing Method: | |
Agency Fee: | $200 renewal fee |
Due: | Biennially by March 31. |
Required Attachments: | Wyoming TPA Funds Handled Disclosure for the actual amount of funds handled in the year immediately preceding the renewal year by the TPA within the State of Wyoming. An updated Wyoming TPA Appointment Form for each insurer or MEWA with which the TPA has a contractual agreement for coverage in the State of Wyoming. A new appointment form is required each renewal period for each insurer or MEWA represented. Verification of continuation of bond, for which the amount shall be for no less that 10% of the funds handled in Wyoming or $1,000, whichever is more. The bond shall not exceed $500,000 unless a larger amount is deemed necessary by the commissioner for the protection of the citizens of Wyoming. |
Wyoming Utilization Review License
Not required
Utilization Review licensure is not required on the State level in Wyoming.
Individual Licenses
Wyoming Individual Financial Services Licenses
Wyoming Insurance Agent License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
This section applies to insurance agents that are applying for a license in Wyoming for the first time.
Agency Fee: | From $10 to $100 depending on license type |
Registration Renewal
Filing Method: | |
Agency Fee: | From $20 to $150 depending on license type |
Due: | Biennially by the last day of initial registration month. |
Wyoming Non-Resident Adjuster License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $150 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Non-Resident Limited Lines Producer License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $20 |
Registration Renewal
Filing Method: | |
Agency Fee: | $40 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Non-Resident Producer License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $150 |
Registration Renewal
Filing Method: | |
Agency Fee: | $300 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Non-Resident Specialty Limited Lines Producer License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $20 |
Registration Renewal
Filing Method: | |
Agency Fee: | $20 per line of authority |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Non-Resident Surplus Lines Broker License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $150 |
Registration Renewal
Filing Method: | |
Agency Fee: | $300 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Resident Adjuster License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Resident Limited Lines Producer License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $20 |
Registration Renewal
Filing Method: | |
Agency Fee: | $40 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Resident Manager Registration
Agency: | Wyoming Collection Agency Board |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Form: | |
Agency Fee: | $100 exam fee. |
Registration Renewal
Not required
Resident manager registrations do not expire.
Wyoming Resident Producer License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 license fee + $39 fingerprinting fee. |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Resident Specialty Limited Lines Producer License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $20 |
Registration Renewal
Filing Method: | |
Agency Fee: | $40 |
Due: | Biennially by the end of the licensee's birth month. |
Wyoming Resident Surplus Lines Broker License
Agency: | Wyoming Department of Insurance |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Yes |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the licensee's birth month. |
Explore licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
