WyomingSF 522025 General SessionSenateWALLET

AN ACT relating to the insurance code; amending the definition of insurance transaction; making requirements applicable to original certificates of authority apply to all certificates of authority; requiring insurers to update their contact information as specified; amending service of process requirements; clarifying requirements regarding reporting of actions; clarifying the applicability of statutes governing property and casualty insurance; repealing the requirement for insurers to deliver certificates of authority to the insurance commissioner upon expiration, suspension or termination of the certificates; repealing disclosure requirements regarding the extent to which disability, group disability and blanket disability insurance policies include comprehensive adult wellness benefits; and providing for an effective date.

Sponsored By: null Corporations

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 0 benefits, 0 costs, 4 mixed.

New renewal, contact and reporting rules

Beginning July 1, 2025, an insurer that misses renewal must meet all original certificate requirements before getting a new one. Insurers and licensees must report changes to address, phone or email within 30 days. When the commissioner is served with legal papers, the commissioner must promptly mail a copy by certified mail to the insurer’s designated recipient. Producers must report out‑of‑state administrative actions within 30 days of final disposition, and any criminal prosecution within 30 days of the first pretrial hearing, with required documents.

Stronger rules to get insurer authority

Beginning July 1, 2025, insurers seeking an original certificate must meet required capital and surplus levels. Applications must be under oath by top officers and include the insurer’s name, office location, lines of business, organization details, domicile, fees and any other information the commissioner requires. The commissioner may require a modified name if there is a name conflict, and may examine applicants before issuing and recording the certificate as legal proof. For proposed domestic mutual insurers, incorporators must post a $15,000 bond before soliciting applications. If a proposed domestic insurer does not organize and secure its certificate within one year of incorporation, its powers cease and advance deposits or premiums held in trust are returned.

Clearer scope for insurance rules

Beginning July 1, 2025, the law clarifies what counts as an insurance transaction for personal, family or household coverage, focusing on eligibility and servicing. The property and casualty article applies to all P&C defined in state law, but not to binders or other temporary contracts, and not to personal auto policies.

Old insurance code subsections repealed

Beginning July 1, 2025, several subsections of the insurance code are repealed. Some prior obligations in those sections no longer apply.

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Sponsors & Cosponsors

Sponsor

  • null Corporations

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 96 • No: 6

House vote 3/3/2025

H 3rd Reading:Passed 54-5-2-0-1

Yes: 54 • No: 5 • Other: 1

House vote 2/24/2025

H07 - Corporations:Recommend Do Pass 8-0-0-0-1

Yes: 8 • No: 0 • Other: 1

Senate vote 1/17/2025

S 3rd Reading:Passed 29-1-1-0-0

Yes: 29 • No: 1

Senate vote 1/15/2025

S07 - Corporations:Recommend Do Pass 5-0-0-0-0

Yes: 5 • No: 0

Actions Timeline

  1. Governor Signed SEA No. 0065

    3/5/2025Governor
  2. Assigned Chapter Number 114

    3/5/2025
  3. H 3rd Reading:Passed 54-5-2-0-1

    3/3/2025House
  4. Assigned Number SEA No. 0065

    3/3/2025
  5. S President Signed SEA No. 0065

    3/3/2025Senate
  6. H Speaker Signed SEA No. 0065

    3/3/2025House
  7. H 2nd Reading:Passed

    2/28/2025House
  8. H COW:Passed

    2/27/2025House
  9. H07 - Corporations:Recommend Do Pass 8-0-0-0-1

    2/24/2025House
  10. H Placed on General File

    2/24/2025House
  11. H Introduced and Referred to H07 - Corporations

    2/18/2025House
  12. S 3rd Reading:Passed 29-1-1-0-0

    1/17/2025Senate
  13. H Received for Introduction

    1/17/2025House
  14. S 2nd Reading:Passed

    1/16/2025Senate
  15. S07 - Corporations:Recommend Do Pass 5-0-0-0-0

    1/15/2025Senate
  16. S Placed on General File

    1/15/2025Senate
  17. S COW:Passed

    1/15/2025Senate
  18. S Introduced and Referred to S07 - Corporations

    1/14/2025Senate
  19. S Received for Introduction

    1/2/2025Senate
  20. Bill Number Assigned

    12/20/2024

Bill Text

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