Title 26, Title 26 — Insurance Code

Competitive market presumed to exist. A competitive market is presumed to exist except as otherwise provided by this chapter.

Rating standards; methods. (a) Rates shall not be excessive, inadequate or unfairly discriminatory. (b) Risks may be classified in any way except that no risk may be classified in whole or in part on the basis of race, color, creed or national origin. In determining whether rates…

Rate regulation. (a) Rates in a noncompetitive market, when regulated, shall be regulated in accordance with W.S. 26-14-105 through 26-14-108 applicable to noncompetitive markets. (b) The commissioner may regulate rates in an unregulated market if he determines that: (i) The unre…

Filing of rates; supplementary rate information; supporting information; public inspection; consent to rates. (a) In competitive markets, every insurer shall maintain all rates and supplementary rate information to be used in this state, in accordance with the provisions of W.S. …

Disapproval of rates; bases; procedures. (a) The commissioner shall disapprove a rate for use in a noncompetitive market if he finds pursuant to subsection (b) of this section that the rate is excessive, inadequate or unfairly discriminatory. (b) Disapproval of rates by the commi…

Advisory organizations; registration required; authorized activities; availability of services. (a) No advisory organization shall provide any service relating to the rates of any insurer subject to this chapter, and no insurer shall utilize the services of such organization for …

Records and reports; exchange of information. (a) Insurers shall file with the commissioner, and the commissioner shall review, reasonable rules and plans for recording and reporting of loss and expense experience. The commissioner may designate one (1) or more advisory organizat…

Insurers and advisory organizations; monopolies prohibited; agreements to adhere prohibited. (a) No insurer or advisory organization shall attempt to monopolize or combine or conspire with any other person to monopolize an insurance market in this state. (b) Except as otherwise p…

Joint underwriting; pool and residual market activities. (a) Insurers participating in joint underwriting, pools or residual market mechanisms may act in cooperation with each other in the making of rates, supplementary rate information, policy or bond forms, surveys, inspections…

Examinations; records; costs; report in lieu of examination. (a) The commissioner may examine any insurer, pool, advisory organization or residual market mechanism to ascertain compliance with this chapter. (b) Every insurer, pool, advisory organization and residual market mechan…

Exemptions. The commissioner may exempt any line of insurance from any or all of the provisions of this chapter for the purpose of relieving the line of insurance from filing provisions of this chapter.

Dividends. Nothing in this chapter shall be construed to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers. A plan for the payment of dividends, savings or unabsorbe…

Penalties; technical violations; revocation and suspension of license; written orders; contents. (a) The commissioner may impose after notice and hearing a penalty of not more than one thousand dollars ($1,000.00) for each violation of this chapter. The penalty may be in addition…

Judicial review. Any order, ruling, finding, decision or other act of the commissioner made pursuant to this chapter shall be subject to judicial review in accordance with the Wyoming Administrative Procedure Act.