26-18-201. Definitions. (a) As used in this article: (i) “Comprehensive individual medical and surgical insurance policy” shall have the same meaning as “health benefit plan” as that term is defined in W.S. 26-19-302(a)(xii), including, at a minimum, comprehensive major medical coverage for medical and surgical benefits; (ii) “Health insurance,” “health benefit plan” and “health benefit […]
26-18-202. Sale of medical and surgical insurance policies approved in identified other states. In accordance with the provisions of this article, the commissioner shall identify at least five (5) states with insurance laws sufficiently consistent with Wyoming laws. The commissioner may approve for sale in Wyoming selected comprehensive individual medical and surgical insurance policies that […]
26-18-203. Approval of policies. A policy approved and issued pursuant to this article shall be treated as if it were issued by an insurer domiciled in Wyoming regardless of the insurer’s actual domiciliary.
26-18-204. Financial requirements; continuing compliance. (a) Any insurer selling an insurance policy pursuant to this article, and any plan approved under this article, shall satisfy actuarial standards and insurer solvency requirements set forth by the National Association of Insurance Commissioners (NAIC) and adopted by regulation promulgated by the commissioner or as otherwise prescribed by regulation […]
26-18-205. Multi-state consortium; reciprocity requirements. (a) The commissioner shall explore with other insurance commissioners the creation of a consortium of like-minded states that could establish rules of reciprocity for the approval of comprehensive individual medical and surgical health insurance policies among the participating states. (b) The commissioner shall solicit the thoughts and report a consensus, […]
26-18-206. Rules and regulations. (a) The commissioner shall draft rules and regulations necessary to implement this article but shall be under no obligation to draft rules and regulations until after March 15, 2011. The commissioner may adopt the rules provided they are consistent with the requirements of W.S. 26-18-206. (b) Any dispute resolution mechanism or […]
26-18-207. Conflict with other code provisions. If the provisions of this article conflict with any other provision of this code, the provisions of this article shall control.
26-18-208. Authorization date. No policy shall be issued or delivered for issuance in this state pursuant to the provisions of this article before July 1, 2011.
