Department Law & Regulation Changes, Notices & Memorandum |
This
page contains proposed and
final regulation changes and notices and memorandums issued in 2001 or
later by the Wyoming Insurance Department to give
guidance on specific issues . Click on the number to view the
document. |
Proposed and Final Regulation Changes:
| Number | Notice of Intent | Intended Users |
Date | Description |
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All life insurance companies doing business in the State of Wyoming. |
August 4, 2010 |
The amendments to Chapter 53, Actuarial Opinion and Memorandum Regulation, are proposed in order to prescribe updated guidelines and standards for the items required by Wyo. Stat. § 26-6-208. The amendment is based upon the National Association of Insurance Commissioners’ (NAIC) amended model regulation and is in accordance with the requirements of Wyo. Stat. § 26-6-208. |
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| CH. 59 |
All companies issuing life insurance policies and contracts. |
August 4, 2010 |
The purpose of the proposed amendment is to recognize, permit and prescribe the use of the mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with Wyo. Stat. § 26‑6‑205(b)(i)(C)(III). The proposed amendment of Chapter 59 conforms to amendments to the NAIC model adopted at its October 2009 national meeting. |
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All disability (health) carriers. |
June 6, 2010 |
Final regulation: Ch 63, To provide uniform standards for giving notice to claimants of the right to an independent review and to establish the process for internal and external review. |
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Ch 36-Repealed |
All agents selling for a Fraternal Benefit Society. |
April 26, 2010 |
Repealed regulation violates the reciprocity provisions of the Gramm-Leach-Bliley Act, and is redundant and unnecessary given current licensing requirements. |
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Insurance producers or consultants required to be licensed as such pursuant to the Wyoming Insurance Code. |
April 27, 2010 |
Final regulation: Ch 62, To set standards for the use of senior specific certifications and professional designations in the sale or solicitation of life and accident/health insurance and annuity contracts to all consumers. |
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Insurance Companies selling Medicare Supplement Insurance in this state |
June 17, 2009 |
Final Regulation: Ch 35, To amend Medicare Supplement regulations. |
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Insurance Companies doing business in this state. |
November 10, 2008 |
Final Regulation: Ch 61, To establish for preneed insurance products minimum mortality standards for reserves and nonforfeiture values, and to require the use of the 1980 Commissioners Standard Ordinary (CSO) Life Valuation Mortality Table for use in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for preneed insurance products. |
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Insurance Companies doing business in this state. |
April 28, 2008 |
Final Regulation: Ch 60, To set forth standards to protect active duty service members of the United States Armed Forces from dishonest and predatory insurance sales practices by declaring certain identified practices to be false, misleading, deceptive or unfair. |
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Insurance Companies doing business in this state. |
October 17, 2007 |
Final Regulation: Ch 59, Permitting the Recognition of Preferred Mortality Tables for use in Determining Minimum Reserve Liabilities |
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Insurance Companies doing business in this state. |
October 17, 2007 |
Final Regulation: Ch 57, Custodial Agreements and use of Clearing Corporations. |
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Insurance Companies doing business in this state |
August 11, 2006 |
Final Regulation: Ch 16, Insurance Company Appointment of Producers |
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Ch 5 - Repealed |
Insurance Producers |
August 11, 2006 |
Counter Signature Records requirement has been repealed |
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Insurance Companies doing business in this state |
January 9, 2006 |
Final Regulation: Ch 58, 2001 CSO Mortality Table |
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Insurance Companies doing business in this state |
January 9, 2006 |
Final Regulation: Ch 53, Actuarial Opinion Requirements |
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All Resident Producers, All Adjusters and Continuing Education Providers |
October 7, 2005 |
Final Regulation: Producer Continuing Education Requirements |
Notices:
| Number | Intended Users | Date | Description |
Memorandum:
|
Memo Number |
Intended Users |
Date |
Description |
| 02-2010 | All Adjustors who investigate any property fire loss | July 12, 2010 | Property Fire Loss Reporting |
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All Nonresident Surplus Lines Brokers and Surplus Lines Broker Firms |
January 7, 2010 |
Waiver of Surplus Lines Licensing Requirements for Nonresidents |
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All Insurance Companies and Insurance Producers Transacting Business in Wyoming |
September 18, 2009 |
Guidance Regarding use of the NAIC/NIPR Attachments Warehouse for the Electronic Filing of Insurance Producer Licensing Documents |
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All Licensed Insurers and Insurance Producers in the Business of Selling Long-Term Care Insurance Products |
September 9, 2009 |
Requirements for Offering Qualified Long-Term Care Insurance Partnership Policies in Wyoming |
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Insurance Companies and Producers with a Property Line of Authority |
November 15, 2007 |
Flood Insurance Training Requirements for Producers with a Property Line of Authority Selling through the National Flood Insurance Program |
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Insurance Companies and Producers |
June 19, 2007 |
Certificates of Insurance |
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Financial Institutions and Insurance Companies |
October 15, 2004 |
Debt Protection Products and Contractual Liability Policies |
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All Insurance Producers |
January 14, 2004 |
Non-sufficient Fund (NSF) Check Charge/Fees for Insurance Coverage |
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All Property and Casualty Insurers Writing Commercial Lines Insurance Products and All Insurers on the NAIC Quarterly Listing of Alien Insurers Policy Disclosure Notice of Terrorism - Terrorism Exclusions are Nullified Policy Disclosure Notice of Terrorism - Federal Reimbursement |
December 16, 2002 |
Voluntary Expedited Filing Procedures for Compliance with the Provisions of the Terrorism Risk Insurance Act of 2002 (Microsoft Word format) |
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All Wyoming Insurance Companies and Other Regulated Entities |
April 11, 2002 |
USA Patriot Act of 2001 Anti-Terrorism and Anti-Money Laundering Responsibilities |
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All Wyoming Insurance Companies and Other Regulated Entities |
August 21, 2001 |
Voluntary Expedited Filing Procedures for Insurance Applications Developed to Allow Depository Institutions to Meet Their Disclosure Obligations Under Section 305 of the Gramm-Leach-Bliley Act |
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Insurance Companies offering equity indexed products in Wyoming |
August 6, 1997 |
Equity indexed products summary disclosure requirements |