Title 26 — Title 26 — Insurance Code
56 chapters · 1,242 sections in this title.
W.S. § 26-48-101 (a) Definitions
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(a) Definitions. As used in this article: (i) "Adjusted RBC report" means an RBC report which has been adjusted by the commissioner in accordance with W.S. 26-48-102(d); (ii) "Corrective order" means an order issued by the commissioner specifying corrective actions which the comm…
W.S. § 26-48-102 Risk-based capital reports
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Risk-based capital reports. (a) Every domestic insurer shall, annually on or prior to March 1, prepare and submit to the commissioner a report of its RBC levels as of the end of the calendar year just ended, in a form and containing information as required by the RBC instructions…
W.S. § 26-48-103 Company action level event
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Company action level event. (a) "Company action level event" means any of the following events: (i) The filing of an RBC report by an insurer which indicates any of the following: (A) The insurer's total adjusted capital is greater than or equal to its regulatory action level RBC…
W.S. § 26-48-104 Regulatory action level event
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Regulatory action level event. (a) "Regulatory action level event" means, with respect to any insurer, any of the following events: (i) The filing of an RBC report by the insurer which indicates that the insurer's total adjusted capital is greater than or equal to its authorized …
W.S. § 26-48-105 Authorized control level event
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Authorized control level event. (a) "Authorized control level event" means any of the following events: (i) The filing of an RBC report by the insurer which indicates that the insurer's total adjusted capital is greater than or equal to its mandatory control level RBC but less th…
W.S. § 26-48-106 Mandatory control level event
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Mandatory control level event. (a) "Mandatory control level event" means any of the following events: (i) The filing of an RBC report which indicates that the insurer's total adjusted capital is less than its mandatory control level RBC; (ii) Notification by the commissioner to t…
W.S. § 26-48-107 Hearings
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Hearings. (a) An insurer shall have the right to a departmental hearing, on a record, at which the insurer may challenge any of the following determinations or actions by the commissioner: (i) Notification to an insurer by the commissioner of an adjusted RBC report; (ii) Notifica…
W.S. § 26-48-108 announcements
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announcements. Confidentiality and prohibition on (a) To the extent the information therein is not required to be set forth in a publicly available annual statement schedule, all RBC reports and RBC plans, including the results or report of any examination or analysis of an insur…
W.S. § 26-48-109 Supplemental provisions; rulemaking authority; exceptions; limitations
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Supplemental provisions; rulemaking authority; exceptions; limitations. (a) The provisions of this article are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under those laws, includin…
W.S. § 26-48-110 Foreign Insurers
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Foreign Insurers. (a) Any foreign insurer not subject to a substantially similar RBC law in its domicile, shall submit to the commissioner an RBC report on or before March 15, for the preceding calendar year. Any other foreign insurer shall, upon the written request of the commis…
W.S. § 26-48-111 Notices
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Notices. All notices by the commissioner to an insurer which may result in regulatory action under this article shall be effective upon mailing if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the insurer's receipt o…
W.S. § 26-48-112 Phase-in provision
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Phase-in provision. (a) For RBC reports required to be filed by life or disability insurers with respect to 1994, the following requirements shall apply in lieu of the provisions of W.S. 26-48-103 through 26-48-106: (i) In the event of a company action level event with respect to…
W.S. § 26-48-201 (a) Definitions
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(a) Definitions. As used in this article: (i) "Adjusted RBC report" means an RBC report which has been adjusted by the commissioner in accordance with W.S. 26-48-202(c); (ii) "Corrective order" means an order issued by the commissioner specifying corrective actions which the comm…
W.S. § 26-48-202 Risk-based capital reports
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Risk-based capital reports. (a) A domestic health organization shall, annually on or prior to March 1, prepare and submit to the commissioner a report of its RBC levels as of the end of the calendar year just ended, in a form and containing information as required by the RBC inst…
W.S. § 26-48-203 Company action level event
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Company action level event. (a) "Company action level event" means any of the following events: (i) The filing of an RBC report by a health organization that indicates that the health organization's total adjusted capital is greater than or equal to its regulatory action level RB…
W.S. § 26-48-204 Regulatory action level event
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Regulatory action level event. (a) "Regulatory action level event" means, with respect to a health organization, any of the following events: (i) The filing of an RBC report by the health organization that indicates that the health organization's total adjusted capital is greater…
W.S. § 26-48-205 Authorized control level event
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Authorized control level event. (a) "Authorized control level event" means any of the following events: (i) The filing of an RBC report by the health organization that indicates that the health organization's total adjusted capital is greater than or equal to its mandatory contro…
W.S. § 26-48-206 Mandatory control level event
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Mandatory control level event. (a) "Mandatory control level event" means any of the following events: (i) The filing of an RBC report which indicates that the health organization's total adjusted capital is less than its mandatory control level RBC; (ii) Notification by the commi…
W.S. § 26-48-207 Hearings
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Hearings. (a) A health organization shall have the right to an administrative hearing, on a record, at which the health organization may challenge any of the following determinations or actions by the commissioner: (i) Notification to a health organization by the commissioner of …
W.S. § 26-48-208 Confidentiality; prohibition on announcements; prohibition on use in ratemaking
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Confidentiality; prohibition on announcements; prohibition on use in ratemaking. (a) All RBC reports, to the extent the information is not required to be set forth in a publicly available annual statement schedule, and RBC plans, including the results or report of any examination…
W.S. § 26-48-209 Supplemental provisions; rules; exemptions
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Supplemental provisions; rules; exemptions. (a) The provisions of this article are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under such laws, including, but not limited to, W.S. 2…
W.S. § 26-48-210 Foreign health organizations
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Foreign health organizations. (a) A foreign health organization shall, upon the written request of the commissioner, submit to the commissioner an RBC report as of the end of the calendar year just ended by the later of: (i) The date an RBC report would be required to be filed by…
W.S. § 26-48-211 Immunity
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Immunity. There shall be no liability on the part of, and no cause of action shall arise against, the commissioner or the insurance department or its employees or agents for any action taken by them in the performance of their powers and duties under this article.
W.S. § 26-48-212 Notices
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Notices. All notices by the commissioner to a health organization that may result in regulatory action under this article shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the health o…