Title 26 — Title 26 — Insurance Code

Choice of debtor to use existing insurance or new insurance for additional security. If credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor, upon request to the creditor, has the option of furnishing the require…

Interoperability. The department of enterprise technology services in adopting standards pursuant to W.S. 40-21-118 may encourage and promote consistency and interoperability with similar requirements adopted by other governmental agencies of this and other states and the federal…

Reimbursement for health services provided by licensed practitioner or registered dietitian not to be denied. (a) Notwithstanding any provision of any medical service contract or policy of disability insurance or certificate to the contrary if a medical service contract or insura…

Requirements of accident and sickness insurance to tax supported institutions. (a) No individual or group policy of accident and sickness insurance delivered or issued for delivery to any person in this state which provides coverage for mental illness or intellectual disability o…

Applicability; compliance by use of endorsements or riders. W.S. 26-22-102 and this section apply to all accident and sickness policies issued and delivered in the state or issued for delivery in the state after January 1, 1976, but do not apply to any policies issued and deliver…

Reimbursement for health care; includes health care by psychologists. Notwithstanding any provisions in policies or contracts or certificates issued as evidence thereof which might be construed to the contrary, from and after July 1, 1985, all individual and group or blanket poli…

Group health insurance conversion. A group policy or certificate delivered or issued for delivery in this state which provides hospital, surgical or major medical expense insurance, or any combination of these coverages, on an expense incurred basis, but not a policy which provid…

Issuance of a converted policy; conditions. (a) Issuance of a converted policy is subject to the following conditions: (i) Written application for the converted policy shall be made and the first premium paid to the insurer not later than thirty-one (31) days after termination of…

Prepaid hospital, medical-surgical or other health service plans subject to provisions of code; exceptions. (a) Any corporation which establishes, maintains or operates prepaid hospital, medical-surgical or other health service plans, or combination thereof, in which hospital, me…

Required provision of individual or group policy or contract. (a) Any individual or group hospital or medical expense insurance policy or hospital service plan contract or medical service plan contract, delivered or issued for delivery in this state which provides that coverage o…

Short title. This article is known and may be cited as the "Health Care Reimbursement Reform Act of 1985".

(a) Definitions. As used in this article: (i) "Group" means any individual, partnership or corporation employing individuals in any occupation, or any labor union or other association representing such individuals if those individuals would qualify as an eligible group under W.S.…

Policies with incentives or limits on reimbursement authorized; conditions. (a) Notwithstanding any other provision of law to the contrary: (i) Any provider may enter into a written agreement with any group or insurer relating to health care services which may be rendered to insu…

services. Refusal to contract or compensate for covered An insurer shall not refuse to contract with or compensate for covered services an otherwise eligible health care provider solely because that provider has in good faith communicated with one (1) or more of his current, form…

Dental insurance; limitation on fee schedules for noncovered services; definition; applicability. (a) No person or entity contracting with dentists to provide coverage or reimbursement for dental services shall require a dentist to provide services at a fee set by the contract, a…

Third party access to network contracts; dental care service plans; waiver prohibited; definitions. (a) As used in this section: (i) "Contracting entity" means any person that enters into a contract with a dental care provider for the delivery of dental care services; (ii) "Cover…

Overinsurance prohibited. (a) No person shall buy insurance on property within this state for an amount which, together with any existing insurance, exceeds the fair value of the property or of the interest of the insured therein. This provision does not apply as to insurance of …

Adjuster's reports of overinsurance and causes of fire; reports deemed privileged communications. (a) Any adjuster who investigates any property loss claim in this state shall report to the commissioner in writing any overinsurance of the property he discovers. (b) Any adjuster w…

Return of excess premium in certain cases of total destruction. If the insured property is totally destroyed and the total amount of loss is less than the total amount insured thereon as to the hazard causing the loss, the insurer shall return to the insured at the time of paymen…

Terms of policies; extension. (a) No insurer shall issue a policy insuring property in this state for a term longer than five (5) years. (b) The term of any such policy may be extended by certificate as provided in W.S. 26-15-121.

Exemptions. W.S. 26-23-101(a), 26-23-102 and 26-23-103 do not apply to insurance on stocks of merchandise or property of fluctuating values, if the reduced rate contribution clause is made a part of the policy. This chapter does not apply to wet marine and transportation insuranc…

Use of insurance support organizations limited. This section shall apply if an insurer uses for underwriting purposes for insurance policies information from a report provided by, or database maintained by, an insurance support organization, or consumer reporting agency, related …

Cancellation and nonrenewal of homeowner's insurance policies for natural causes restricted. (a) No homeowner's insurance policy shall be denied renewal as a result of a single claim within a three (3) year period arising from natural causes. (b) No homeowner's insurance policy s…

policies. Restrictions on underwriting for homeowner (a) No insurer shall cancel, refuse to renew or offer to renew at a higher premium a homeowner's insurance policy based in any manner upon the claims history of a named insured unless the claims history excludes customer inquir…

Insurance coverage for real property subject to transfer on death deeds. (a) For transfers on and after July 1, 2023, upon transfer of title to an interest in real property after the death of the owner pursuant to a transfer on death deed under W.S. 2-18-103, any insurance covera…

Casualty and surety contracts subject to provisions of code. (a) The following insurance contracts covering subjects of insurance resident, located or to be performed in this state are subject to the applicable provisions of chapter 15 and to other applicable provisions of this c…

Short title. This article is known and may be cited as the "Wyoming Title Insurance Act".

other laws. Applicability of article; construction with (a) This article applies to all title insurers, title insurance rating organizations, title agents, applicants for title insurance, title insurance policyholders, and all persons engaged in title insurance transactions in th…

(a) Definitions. As used in this article: (i) "Alien title insurer" means any title insurer incorporated or organized under the laws of any foreign nation or any province or territory thereof; (ii) "Applicant" means a person, whether or not a prospective insured, who applies to a…

Corporate form required. No person other than a domestic, foreign or alien title insurer organized on the stock plan and licensed under this code shall transact title insurance business as an insurer in this state.

(a) Title insurers; authorized activities. Each title insurer may: (i) Engage in the title insurance business in this state if licensed to do so by the commissioner; (ii) Subject to the limitations of this article, provide any other service related or incidental to the sale and t…

Limitations on powers. (a) An insurer that transacts any class or kind of insurance other than title insurance is not eligible for a license to transact the business of title insurance in this state, nor for the renewal thereof, nor shall title insurance be transacted, underwritt…

Single risk limitation. (a) The net retained liability of a title insurer for a single risk on property located in this state, whether assumed directly or as reinsurance, shall not exceed fifty percent (50%) of the sum of its total surplus to policyholders and reinsurance reserve…

Underwriting standards; record retention. (a) No title insurance policy as to property in this state shall be written unless it is based upon adequate evidence of the current condition of title certified in writing as of the date of the policy by a person duly authorized under W.…

Reinsurance reserve. (a) A domestic title insurer shall establish and maintain a reinsurance reserve computed in accordance with this section, and all sums attributed to that reserve are considered and constitute unearned portions of the original premiums. This reserve shall be r…

Use of reinsurance reserve on liquidation, dissolution or insolvency. (a) If a domestic title insurer becomes insolvent, is in the process of liquidation of dissolution or is in the commissioner's possession: (i) The amount of the assets of the title insurance company equal to th…

Loss and loss expense reserve. (a) All title insurers licensed in this state shall establish and maintain reserves against unpaid losses and loss expenses. (b) Upon receiving notice from or on behalf of the insured of a title defect in or lien or adverse claim against the title o…

Reinsurance. (a) A title insurer may obtain reinsurance for all or any part of its liability under one (1) or more of its title insurance policies or reinsurance agreements and may also reinsure title insurance policies issued by other title insurers on risks located in this stat…

Investments. (a) Except as otherwise expressly provided in this section, the general investment provisions of chapter 7 of this code apply to all domestic title insurers. (b) A domestic title insurer may invest and have invested funds in an amount not exceeding its surplus to pol…

Conditions for providing escrow, closing or settlement services, or maintaining title indemnification accounts. (a) A title insurer or title agent may engage in the escrow, settlement, or closing business, or any combination of such businesses, and operate as an escrow, settlemen…

Identification of title agents. A title insurer shall provide to the commissioner on an annual basis a list of all of its title agents within this state.

to license. Title agents; license required; requirements as (a) No person shall act as a title agent unless licensed in accordance with this article. (b) No license shall be issued to, continued or permitted to exist for any person to act as a title agent unless the person: (i) I…

Title agents; application for license. (a) Application for a license to act as a title agent shall be made in writing in the form and manner the commissioner prescribes. An application fee, as provided by W.S. 26-4-101, shall be paid at the time of application. (b) The applicatio…

renewal. Title agents; issuance of license; expiration; (a) The commissioner shall issue a license to act as a title agent to any person if: (i) The prospective licensee files an application pursuant to W.S. 26-23-317; (ii) The prospective licensee meets the requirements of W.S. …

Title agents; records. (a) A title agent shall keep books of account and records and vouchers pertaining to any business transacted under this article. All records shall be maintained in a manner that the commissioner may readily ascertain from time to time whether the title agen…

Title agents; report of claims. (a) A title agent shall immediately report every loss claim to the title insurer that issued the policy against which the claim is presented. (b) insured. No title agent shall indemnify or pay the claim of any

Title agents; refusal, suspension or revocation of license; fine instead of suspension. (a) In addition to any other grounds stated in this article, the commissioner may refuse to license any person as a title agent, or may suspend a title agent's license, after providing due not…

(a) Rebates and inducements prohibited. No title insurer or title agent shall: (i) Pay in any manner to any person any commission, any part of its premiums, fees or other charges or any other consideration as inducement or compensation for the referral of title business or for pe…

Division of premiums and charges. (a) Nothing in this article shall be construed as prohibiting the division of premiums and charges between or among a title insurer and its title agent, two (2) or more title insurers, one (1) or more title insurers and one (1) or more title agen…

Payment of a forwarding fee or finder's fee. Favored title agent or insurer. (a) No producer or other person shall require in any manner as a condition, agreement or understanding to selling or furnishing any other person any loan or extension thereof, credit, sale, property, con…