INSURANCE SALESPERSON License in Wyoming

Wyoming licenses insurance professionals as Insurance Producers through the Wyoming Department of Insurance. Wyoming is one of four states with a monopolistic state workers' compensation fund (through the Wyoming Workers' Compensation Division), meaning private carriers cannot write workers' compensation in the state. This limits commercial insurance opportunities in that line. Wyoming's insurance market is the smallest in the nation by population but is shaped by its energy industry (oil, natural gas, and coal), ranching economy, and tourism centered on Yellowstone and Grand Teton National Parks. The state has no state income tax, which can be attractive for insurance professionals. Wyoming's exposure to severe winter weather, wildfire, and high winds drives Property and Casualty demand. Pre-licensing education requires approximately 40 hours per major line of authority. Criminal background checks are required. Continuing education is 24 hours biennially, including 3 hours of ethics. Wyoming participates in NIPR for non-resident licensing. Cheyenne and Casper are the primary insurance industry centers. The state's low population density means agents often serve large geographic territories.