Section 26-49-108 – Cancellation of Reimbursement Insurance Policy.
26-49-108. Cancellation of reimbursement insurance policy. As applicable, an insurer that issued a reimbursement insurance policy shall not terminate the policy until a notice of termination in accordance with chapter 35 of this code, has been mailed or delivered to the commissioner. The termination of a reimbursement insurance policy shall not reduce the issuer s […]
Section 26-49-109 – Obligations of Reimbursement Insurance Policy Insurers.
26-49-109. Obligations of reimbursement insurance policy insurers. (a) Providers are considered to be the agent of the insurer which issued the reimbursement insurance policy for purposes of obligating the insurer to service contract holders in accordance with the service contract and this article. In cases where a provider is acting as an administrator and enlists […]
Section 26-49-101 – Scope and Purposes.
26-49-101. Scope and purposes. (a) The purpose of this article is to create a legal framework within which service contracts may be sold in this state. (b) The following are exempt from W.S. 26-49-103 through 26-49-111: (i) Warranties; (ii) Maintenance agreements; (iii) Warranties, service contracts and maintenance agreements offered by public utilities on their transmission […]
Section 26-49-102 – Definitions.
26-49-102. Definitions. (a) As used in this article: (i) “Administrator” means the person who is responsible for the administration of the service contracts or the service contracts plans or who is responsible for any filings required by this article; (ii) “Consumer” means a natural person who buys other than for purposes of resale any tangible […]
Section 26-49-103 – Requirements for Doing Business.
26-49-103. Requirements for doing business. (a) A provider may, but is not required to, appoint an administrator or other designee to be responsible for any or all of the administration of service contracts and compliance with this article. (b) Service contracts shall not be issued, sold or offered for sale in this state unless the […]
Section 26-49-104 – Required Provisions; Reimbursement Insurance Policy.
26-49-104. Required provisions; reimbursement insurance policy. (a) Reimbursement insurance policies insuring service contracts issued, sold or offered for sale in this state shall state that the insurer that issued the reimbursement insurance policy shall reimburse or pay on behalf of the provider any covered sums the provider is legally obligated to pay or shall provide […]
Section 26-48-212 – Notices.
26-48-212. Notices. All notices by the commissioner to a health organization that may result in regulatory action under this article shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the health organization’s receipt of notice.
Section 26-48-207 – Hearings.
26-48-207. Hearings. (a) A health organization shall have the right to an administrative hearing, on a record, at which the health organization may challenge any of the following determinations or actions by the commissioner: (i) Notification to a health organization by the commissioner of an adjusted RBC report; (ii) Notification to a health organization by […]
Section 26-48-208 – Confidentiality; Prohibition on Announcements; Prohibition on Use in Ratemaking.
26-48-208. Confidentiality; prohibition on announcements; prohibition on use in ratemaking. (a) All RBC reports, to the extent the information is not required to be set forth in a publicly available annual statement schedule, and RBC plans, including the results or report of any examination or analysis of a health organization performed pursuant to this article […]
Section 26-48-209 – Supplemental Provisions; Rules; Exemptions.
26-48-209. Supplemental provisions; rules; exemptions. (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 such laws, including, but not limited to, W.S. 26-3-115, 26-3-116, 26-28-101 through 26-28-131, 26-34-121 and 26-34-123. (b) […]