(a) No administrator shall solicit applications for insurance or annuities for an insurer, negotiate insurance or annuities on its behalf, or carry out and countersign insurance policies unless licensed in this state as an agent.
(b) No administrator shall, on behalf of any insured, for compensation or fee, solicit, negotiate, or procure insurance or the renewal or continuance thereof for insureds or prospective insureds unless licensed in this state as a broker.
(c) No administrator shall adjust claims in this state for an insurer by investigating and negotiating settlements unless licensed in this state as an attorney at law, an adjuster, or an agent or broker who adjusts or assists in adjustment of losses arising under policies issued by the insurers represented by that agent or through that broker. Nothing herein shall be interpreted as to prohibit an administrator from engaging in ministerial or clerical activities relating to the payment of claims.
044-4 Wyo. Code R. § 4-12