Section 40-29-101 – Short Title.
40-29-101. Short title. This act may be cited as the “Financial Technology Sandbox Act.”
Section 40-29-102 – Definitions.
40-29-102. Definitions. (a) As used in this act: (i) “Blockchain” means a digital ledger or database which is chronological, consensus-based, decentralized and mathematically verified in nature; (ii) “Commissioner” means the state banking commissioner; (iii) “Consumer” means a person, whether a natural person or a legal entity, in Wyoming who purchases or enters into an agreement […]
Section 40-28-108 – Rules and Orders; Enforcement of Bond; Restitution; Applicability of Wyoming Administrative Procedure Act.
40-28-108. Rules and orders; enforcement of bond; restitution; applicability of Wyoming Administrative Procedure Act. (a) The department shall adopt rules to implement this act. (b) The department may issue: (i) All necessary orders to enforce this act, including ordering the payment of restitution, and enforce these orders in any court of competent jurisdiction; (ii) An […]
Section 40-28-102 – Medical Digital Innovation Sandbox Waiver; Applicability of Criminal Statutes; Referrals; Civil Liability.
40-28-102. Medical digital innovation sandbox waiver; applicability of criminal statutes; referrals; civil liability. (a) Notwithstanding any other provision of law, a person who makes an innovative medical digital assessment product or service available to consumers in the medical digital innovation sandbox may be granted a waiver from specified requirements imposed by statute or rule, or […]
Section 40-28-103 – Medical Digital Innovation Sandbox Application; Standards for Approval; Consumer Protection Bond.
40-28-103. Medical digital innovation sandbox application; standards for approval; consumer protection bond. (a) A person shall apply to the department to make an innovative medical digital assessment product or service available to consumers in the medical digital innovation sandbox, based on the licensing board or authority that administers the statute or rule, or portion thereof, […]
Section 40-28-104 – Medical Digital Innovation Account.
40-28-104. Medical digital innovation account. (a) There is created the medical digital innovation account. Funds within the account shall only be expended by legislative appropriation. All funds within the account shall be invested by the state treasurer and all investment earnings from the account shall be credited to the general fund. (b) Subject to legislative […]
Section 40-28-105 – Operation of Medical Digital Innovation Sandbox.
40-28-105. Operation of medical digital innovation sandbox. (a) Except as otherwise provided by W.S. 40-28-107, a person authorized under W.S. 40-28-103(f) to enter into the medical digital innovation sandbox may make an innovative medical digital assessment product or service available to consumers during the sandbox period. (b) Before a consumer purchases or enters into an […]
Section 40-28-106 – Revocation or Suspension of Medical Digital Innovation Sandbox Authorization.
40-28-106. Revocation or suspension of medical digital innovation sandbox authorization. (a) The department may, by order, revoke or suspend authorization granted to a person under W.S. 40-28-103(f) if: (i) The person has violated or refused to comply with this act or any lawful rule, order or decision adopted by the department; (ii) A fact or […]
Section 40-28-107 – Extension of Sandbox Period.
40-28-107. Extension of sandbox period. (a) A person granted authorization under W.S. 40-28-103(f) may apply for an extension of the initial sandbox period for not more than twelve (12) additional months. An application for an extension shall be made not later than sixty (60) days before the conclusion of the initial sandbox period specified by […]
Section 40-26-142 – Intervention by Attorney General.
40-26-142. Intervention by attorney general. The attorney general may intervene in an action under W.S. 40-26-139 through 40-26-143 if the attorney general certifies that the case is of general public importance. The attorney general may obtain the same relief as is available to the attorney general under W.S. 40-26-137(b).