Section 26-51-107 – Contents of Orsa Summary Report.
26-51-107. Contents of ORSA summary report. (a) The ORSA summary report shall be prepared consistent with the ORSA guidance manual, subject to the requirements of subsection (b) of this section. Documentation and supporting information shall be maintained and made available upon examination or upon request of the commissioner. (b) The review of the ORSA summary […]
Section 26-51-108 – Confidentiality.
26-51-108. Confidentiality. (a) Documents, materials or other information, including the ORSA summary report, in the possession of or control of the department that are obtained by, created by or disclosed to the commissioner or any other person under this chapter, is recognized by this state as being proprietary and to contain trade secrets. All such […]
Section 26-49-110 – Enforcement Provisions.
26-49-110. Enforcement provisions. (a) The commissioner may conduct examinations of providers, administrators, insurers or other persons to enforce this article and protect service contract holders in this state. Upon request of the commissioner, the provider shall make all accounts, books and records concerning service contracts sold by the provider available to the commissioner which are […]
Section 26-49-111 – Authority to Develop Regulations.
26-49-111. Authority to develop regulations. The commissioner may promulgate reasonable rules and regulations necessary to implement this article.
Section 26-51-101 – Purpose and Scope.
26-51-101. Purpose and scope. The requirements of this chapter shall apply to all insurers domiciled in this state unless exempt pursuant to W.S. 26-51-106.
Section 26-51-102 – Definitions.
26-51-102. Definitions. (a) As used in this chapter: (i) “Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in W.S. 26-44-101(a)(iv); (ii) “Insurer” shall have the same meaning as set forth in W.S. 26-1-102(a)(xvi), except that it shall not include agencies, authorities or instrumentalities of the United States, […]
Section 26-51-103 – Risk Management Framework.
26-51-103. Risk management framework. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of […]
Section 26-49-105 – Required Disclosures; Service Contracts.
26-49-105. Required disclosures; service contracts. (a) Service contracts marketed, sold, offered for sale, issued, made, proposed to be made, or administered in this state shall be written, printed or typed in clear, understandable language that is easy to read and shall disclose the requirements set forth in this section, as applicable. (b) Service contracts insured […]
Section 26-49-106 – Prohibited Acts.
26-49-106. Prohibited acts. (a) A provider shall not use in its name the words insurance, casualty, surety, mutual or any other words descriptive of the insurance, casualty or surety business; or a name deceptively similar to the name or description of any insurance or surety corporation, or to the name of any other provider. The […]
Section 26-49-107 – Record Keeping Requirements.
26-49-107. Record keeping requirements. (a) The provider shall keep accurate accounts, books, and records concerning transactions regulated under this article. The provider s accounts, books and records shall include the following: (i) Copies of each type of service contract sold; (ii) The name and address of each service contract holder, to the extent that the […]