Title 26 — Title 26 — Insurance Code
56 chapters · 1,242 sections in this title.
W.S. § 26-14-118 (b) If the commissioner disapproves the insurance policy, the insurer may request a hearing pursuant to the Wyoming Administrative Procedure Act
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(b) If the commissioner disapproves the insurance policy, the insurer may request a hearing pursuant to the Wyoming Administrative Procedure Act.
W.S. § 26-14-101 Purpose of chapter; liberal interpretation
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Purpose of chapter; liberal interpretation. The purpose of this chapter is to protect the public and policyholders against the effects of excessive, inadequate or unfairly discriminatory rates by promoting price competition among insurers. The provisions in this chapter are inten…
W.S. § 26-14-102 interpretation
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interpretation. Scope and applicability of chapter; liberal (a) This chapter applies to all kinds of insurance written on risks in this state by any insurer authorized to do business, except nothing in this chapter applies to: (i) Life insurance; (ii) Disability insurance; (iii) …
W.S. § 26-14-103 (a) Definitions
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(a) Definitions. As used in this chapter: (i) "Advisory organization" means any person or organization which assists insurers as authorized by W.S.
W.S. § 26-14-104 Competitive market presumed to exist
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Competitive market presumed to exist. A competitive market is presumed to exist except as otherwise provided by this chapter.
W.S. § 26-14-105 Rating standards; methods
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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…
W.S. § 26-14-106 Rate regulation
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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) market; …
W.S. § 26-14-107 Filing of rates; supplementary rate information; supporting information; public inspection; consent to rates
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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. …
W.S. § 26-14-108 Disapproval of rates; bases; procedures
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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…
W.S. § 26-14-109 Advisory organizations; registration required; authorized activities; availability of services
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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 …
W.S. § 26-14-110 Records and reports; exchange of information
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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…
W.S. § 26-14-111 Insurers and advisory organizations; monopolies prohibited; agreements to adhere prohibited
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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…
W.S. § 26-14-112 activities
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activities. Joint underwriting; pool and residual market (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…
W.S. § 26-14-113 examination
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examination. Examinations; records; costs; report in lieu of (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…
W.S. § 26-14-114 Exemptions
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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.
W.S. § 26-14-115 Dividends
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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…
W.S. § 26-14-116 Penalties; technical violations; revocation and suspension of license; written orders; contents
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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…
W.S. § 26-14-117 Judicial review
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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.
W.S. § 26-14-119 Repealed by Laws 1994, ch
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Repealed by Laws 1994, ch. 86, § 3.