1-41-101. Legislative findings and intent. The legislature recognizes that certain liability insurance policies of the state of Wyoming have been cancelled, that no responsive bids have been received and that there exists a need to develop a method to handle claims brought under the Wyoming Governmental Claims Act and arising under federal law. The legislature […]
1-41-102. Definitions. (a) As used in this act: (i) “Division” means the general services division of the department of administration and information; (ii) “Final money judgment” means any judgment for monetary damages after all appropriate appeals from the judgment have been exhausted or after the time has expired when appeals may be taken; (iii) “Local […]
1-41-103. Self-insurance account; creation; authorized payments. (a) There is created the state self-insurance account. The account shall be in such amount as the legislature determines to be reasonably sufficient to meet anticipated claims. In addition to any legislative appropriation, the account shall include all authorized transfers of monies to the account, all income from investments […]
1-41-104. Investment of funds. (a) Repealed by Laws 1988, ch. 82, § 2. (b) The state treasurer shall invest any portion of the funds in the self-insurance account, including reserves, which the risk manager determines is not needed for immediate use. Investments shall be made as authorized by W.S. 9-4-715(a), (d) and (e).
1-41-105. Powers and duties of risk manager. (a) Except as otherwise provided in subsection (b) of this section, the risk manager shall: (i) Administer the self-insurance account; (ii) Implement and administer a loss prevention program for the purpose of reducing risks, accidents and losses; (iii) Administer, supervise and manage the investigation and adjustment and settlement […]
1-41-106. Compromise or settlement of claims; authority; primary insurance coverage. (a) Any claim covered under this act may be compromised or settled according to the requirements in subsection (b) of this section. In settling a claim, the risk manager may require the execution and presentation of those documents required by rule and regulation including those […]
1-41-107. Reports. (a) The division shall make an annual report to the governor and the legislature. The report shall include: (i) The total number of claims filed against the state and peace officers covered under this act; (ii) The number and amount of claims settled; (iii) The cost of legal fees and adjustors’ fees for […]
1-41-108. Self-insurance program not subject to insurance laws. Nothing in this act shall be construed as creating an insurance company nor in any way subjecting the self-insurance account to the laws of the state regulating insurance or insurance companies.
1-41-109. Confidential information. The claim files maintained by the risk manager shall be considered privileged and confidential and shall be for the use of the risk manager and the insurance commissioner only.
1-41-110. Applicability. (a) This act applies to claims based upon acts, errors or omissions occurring on and after October 1, 1985. (b) This act applies to claims against peace officers employed by the University of Wyoming but does not apply to other claims against the University of Wyoming unless the university notifies the risk manager […]
1-41-111. No extension of liability. Self-insurance provided under this act shall not be considered a purchase of insurance coverage and shall not be deemed an increase of the limits of liability under W.S. 1-39-118(b).
