Section 26-48-112 – Phase-in Provision.
26-48-112. 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 a domestic insurer, the commissioner shall take […]
Section 26-48-109 – Supplemental Provisions; Rulemaking Authority; Exceptions; Limitations.
26-48-109. 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, including, but not limited to, chapter 28 of this code, W.S. 26-3-115 and […]
Section 26-48-110 – Foreign Insurers.
26-48-110. 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 commissioner, submit to the commissioner an RBC report […]
Section 26-48-111 – Notices.
26-48-111. 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 of the notice.
Section 26-48-104 – Regulatory Action Level Event.
26-48-104. 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 control level RBC but less than its regulatory […]
Section 26-48-105 – Authorized Control Level Event.
26-48-105. 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 than its authorized control level RBC; (ii) The […]
Section 26-48-106 – Mandatory Control Level Event.
26-48-106. 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 the insurer of an adjusted RBC report that indicates the […]
Section 26-48-107 – Hearings.
26-48-107. 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) Notification to an insurer by the commissioner that: (A) […]
Section 26-48-108 – Confidentiality and Prohibition on Announcements.
26-48-108. Confidentiality and prohibition on announcements. (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 insurer performed pursuant to this article, and any corrective order […]
Section 26-48-101 – Definitions.
26-48-101. Definitions. (a) 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 commissioner has determined are required; (iii) “Domestic insurer” means any insurance company […]