reglab/housing_qa huggingface dataset:
WY Stat § 26-49-106 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 49 - Service Contracts|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 word "guaranty" or similar word may be used by a provider. This section shall not apply to a company that was using any of the prohibited language in its name prior to April 1, 1999. However, a company using the prohibited language in its name shall include in its service contracts a statement in substantially the following form: "This agreement is not an insurance contract."  (b) A provider or its representative shall not in its service contracts or literature make, permit or cause to be made any false or misleading statement, or deliberately omit any material statement that would be considered misleading if omitted.  (c) A person, such as a bank, savings and loan association, lending institution, manufacturer or seller of any product, shall not require the purchase of a service contract as a condition of a loan or a condition for the sale of any property.
WY Stat § 26-49-107 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 49 - Service Contracts|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 name and address have been furnished by the service contract holder;  (iii) A list of the locations where service contracts are marketed, sold or offered for sale;  (iv) Written claims files, which shall contain at least the dates and description of claims related to the service contracts.  (b) Except as provided in subsection (d) of this section, the provider shall retain all records required to be maintained by this section for at least one (1) year after the specified period of coverage has expired.  (c) The records required under this article may be, but are not required to be, maintained on a computer disk or other record keeping technology. If the records are maintained in other than hard copy, the records shall be capable of duplication to legible hard copy at the request of the commissioner.  (d) A provider discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to service contract holders in this state.
WY Stat § 26-49-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 49 - Service Contracts|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 responsibility for service contracts issued by providers prior to the date of the termination.
WY Stat § 26-49-109 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 49 - Service Contracts|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 other providers, the provider acting as the administrator shall notify the insurer of the existence and identities of the other providers.  (b) This article shall not prevent or limit the right of an insurer which issued a reimbursement insurance policy to seek indemnification or subrogation against a provider if the issuer pays or is obligated to pay the service contract holder sums that the provider was obligated to pay pursuant to the provisions of the service contract.
WY Stat § 26-49-110 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 49 - Service Contracts|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 necessary to enable the commissioner to reasonably determine compliance or noncompliance with this article.  (b) The commissioner may take action which is necessary or appropriate to enforce the provisions of this article and the commissioner s regulations and orders, and to protect service contract holders in this state.  (c) If a provider has violated this article or the commissioner s regulations or orders, the commissioner may issue an order directed to that provider to cease and desist from committing violations of this article or the commissioner s regulations or orders; may issue an order prohibiting that provider from selling or offering for sale service contracts in violation of this article; or may issue an order imposing a civil penalty on that provider; or any combination of the foregoing, as applicable. A person aggrieved by an order issued under this section may request a hearing before the commissioner pursuant to W.S. 26-2-125.  (d) The commissioner may bring an action in any court of competent jurisdiction, for an injunction or other appropriate relief to enjoin threatened or existing violations of this article or of the commissioner s orders or regulations. An action filed under this section also may seek restitution on behalf of persons aggrieved by a violation of this article or orders or regulations of the commissioner.  (e) A person who is found to have violated this article or orders or regulation of the commissioner may be ordered to pay to the commissioner a civil penalty in an amount determined by the commissioner of not more than five hundred dollars ($500.00) per violation and no more than ten thousand dollars ($10,000.00) in the aggregate for all violations of a similar nature. For purposes of this section, violations shall be of a similar nature if the violation consists of the same or similar course of conduct, action or practice, irrespective of the number of times the act, conduct or practice which is determined to be a violation of this article occurred.
WY Stat § 26-49-111 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 49 - Service Contracts|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.
WY Stat § 26-51-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|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.
WY Stat § 26-51-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|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, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia or a state or political subdivision of a state;  (iii) "Own risk and solvency assessment" or "ORSA" means a confidential internal assessment, appropriate to the nature, scale and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks;  (iv) "ORSA guidance manual" means the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners (NAIC) and as amended from time to time. A change in the ORSA guidance manual shall be effective on January 1 following the calendar year in which the changes have been adopted by the NAIC;  (v) "ORSA summary report" means a confidential high-level summary of an insurer or insurance group's ORSA.
WY Stat § 26-51-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|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 the insurer.
WY Stat § 26-51-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|Section 26-51-104 - Orsa Requirement.

26-51-104. ORSA requirement.| Subject to W.S. 26-51-106, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA guidance manual. The ORSA shall be conducted no less than annually but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.
WY Stat § 26-51-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|Section 26-51-105 - Orsa Summary Report.

26-51-105. ORSA summary report.| (a) Upon the commissioner's request, and no more than once each year, an insurer shall submit to the commissioner an ORSA summary report or any combination of reports that together contain the information described in the ORSA guidance manual, applicable to the insurer and the insurance group of which it is a member. Notwithstanding any request from the commissioner, if the insurer is a member of an insurance group, the insurer shall submit the report required by this subsection if the commissioner is the lead state commissioner of the insurance group as determined by the procedures within the financial analysis handbook adopted by the NAIC.  (b) The report shall include a signature of the insurer or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process attesting to the best of his belief and knowledge that the insurer applies the enterprise risk management process described in the ORSA summary report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee thereof.  (c) An insurer may comply with subsection (a) of this section by providing the most recent and substantially similar report provided by the insurer or another member of an insurance group of which the insurer is a member to the commissioner of another state or to a supervisor or regulator of a foreign jurisdiction, if that report provides information that is comparable to the information described in the ORSA guidance manual. Any report in a language other than English shall be accompanied by a translation of that report into the English language.
WY Stat § 26-51-107 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|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 report, and any additional requests for information, shall be made using similar procedures currently used in the analysis and examination of multi-state or global insurers and insurance groups.
WY Stat § 26-51-109 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|Section 26-51-109 - Sanctions.

26-51-109. Sanctions.| Any insurer failing, without just cause, to timely file the ORSA summary report as required in this chapter shall be required, after notice and hearing, to pay a penalty of two thousand five hundred dollars ($2,500.00) for each day's delay, to be recovered by the commissioner. The maximum penalty under this section is seventy-five thousand dollars ($75,000.00). The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
WY Stat § 26-51-110 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 51 - Own Risk Solvency|Section 26-51-110 - Applicability.

26-51-110. Applicability.| The requirements of this chapter shall become effective on January 1, 2015. The first filing of the ORSA summary report shall be in 2015 pursuant to W.S. 26-51-105.
WY Stat § 26-52-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 52 - Pharmacy Benefit Managers|Section 26-52-101 - Licensure of Pharmacy Benefit Managers.

26-52-101. Licensure of pharmacy benefit managers.| No person shall act or hold himself out as a pharmacy benefit manager in this state unless he obtains a license from the department. The department shall through rules establish license requirements and procedures for the licensing of pharmacy benefit managers consistent with this article. The requirements shall only provide for the adequate identification of licensees and the payment of the required licensing fee.
WY Stat § 26-52-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 52 - Pharmacy Benefit Managers|Section 26-52-102 - Definitions.

26-52-102. Definitions.| (a) As used in this article:  (i) "Claim" means a request from a pharmacy or pharmacist to be reimbursed for the cost of filling or refilling a prescription for a drug or for providing a medical supply or device;  (ii) "Insurer" means the entity defined in W.S. 26-1-102(a)(xvi) and who provides health insurance coverage in this state;  (iii) "List" means the list of drugs for which a pharmacy benefit manager has established a maximum allowable cost;  (iv) "Maximum allowable cost" means the maximum amount that a pharmacy benefit manager will reimburse a pharmacist or pharmacy for the cost of a generic drug;  (v) "Network providers" means those pharmacies that provide covered health care services or supplies to an insured or a member pursuant to a contract with a network plan to act as a participating provider;  (vi) "Pharmacy" means an entity through which pharmacists or other persons practice pharmacy as specified in W.S. 33-24-124;  (vii) "Pharmacy benefit manager" means an entity that contracts with a pharmacy on behalf of an insurer or third party administrator to administer or manage prescription drug benefits.
WY Stat § 26-53-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 53 - Third Party Administrators|Section 26-53-101 - Definitions.

26-53-101. Definitions.| (a) As used in this chapter:  (i) "Third party administrator" means a person who directly or indirectly underwrites, collects charges, collateral or premiums from, or adjusts or settles claims on residents of this state, in connection with life, annuity, health, or stop-loss coverage offered or provided by an insurer, but does not include any of the following:  (A) An employer on behalf of its employees or the employees of one (1) or more subsidiary or affiliated corporations of such employer;  (B) A union on behalf of its members;  (C) A fully self-funded insurance plan meeting the definition of employee benefit plan as set forth in the Employee Retirement Income Security Act of 1974;  (D) An insurance company licensed in this state;  (E) A prepaid hospital or medical care plan;  (F) An insurance agent or broker licensed in this state when acting as an insurance agent or broker;  (G) A creditor on behalf of its debtors with respect to insurance covering a debt between the creditor and its debtors;  (H) A bank, credit union or other financial institution which is subject to supervision or examination by federal or state banking authorities when acting as a bank, credit union or other financial institution and not as an administrator;  (J) A credit card company which advances for and collects premiums or charges from its credit card holders who have authorized it to do so, provided such company does not adjust or settle claims;  (K) A person who adjusts or settles claims in the normal course of the person's practice or employment as an attorney at law or an adjuster licensed in this state and who does not collect charges or premiums in connection with insurance coverage or annuities.
WY Stat § 26-53-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 53 - Third Party Administrators|Section 26-53-102 - Registration of Third Party Administrators; Rulemaking Authority.

26-53-102. Registration of third party administrators; rulemaking authority.| No person shall act as a third party administrator in this state without a certificate of registration issued by the commissioner. The commissioner in compliance with the Wyoming Administrative Procedure Act shall promulgate reasonable rules and regulations necessary to implement this chapter.
WY Stat § 26-53-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 53 - Third Party Administrators|Section 26-53-103 - Third Party Administrator Fee.

26-53-103. Third party administrator fee.| Every third party administrator registered with the department shall pay the fee provided for in W.S. 26-4-101(a)(xix).
WY Stat § 26-54-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 54 - Corporate Governance Annual Disclosure|Section 26-54-101 - Short Title; Applicability.

26-54-101. Short title; applicability.| (a) This chapter is known and may be cited as the Wyoming Insurance Corporate Governance Annual Disclosure Act.  (b) The requirements of this act shall apply to all insurers and insurance groups domiciled in this state.  (c) Nothing in this act shall be construed to prescribe or impose corporate governance standards and internal procedures beyond that which is required under the corporate law of this state.  (d) Nothing in this act shall be construed to limit the commissioner's authority, or the rights or obligations of third parties, pursuant to the Wyoming Insurance Code.  (e) No insurer or insurance group shall be required to file the disclosure required by this act until 2020.
WY Stat § 26-54-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 54 - Corporate Governance Annual Disclosure|Section 26-54-102 - Definitions.

26-54-102. Definitions.| (a) As used in this act:  (i) "Corporate governance" means the system of rules, practices and procedures by which a corporation is managed by its directors and officers;  (ii) "Corporate governance annual disclosure" or "CGAD" means a confidential report filed by an insurer or insurance group in accordance with the requirements of this act;  (iii) "Insurance group" means those insurers and affiliates included within an insurance holding company system as defined under W.S. 26-44-101(a)(iv);  (iv) "Insurer" shall have the same meaning as set forth under W.S. 26-1-102(a)(xvi) and include domestic fraternal benefit societies and health maintenance organizations. This term shall not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state.
WY Stat § 26-54-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 54 - Corporate Governance Annual Disclosure|Section 26-54-104 - Rules and Regulations.

26-54-104. Rules and regulations.| The commissioner shall promulgate rules and regulations necessary to carry out the provisions of this act. The rules and regulations shall be consistent with this act and the commissioner shall be guided by the model regulations adopted by the National Association of Insurance Commissioners at its 2014 fall national meeting and subsequent provisions of those model regulations, provided the model regulations are consistent with this act and other relevant provisions of Wyoming law and are not inappropriate for Wyoming circumstances.
WY Stat § 26-54-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 54 - Corporate Governance Annual Disclosure|Section 26-54-105 - Contents of Corporate Governance Annual Disclosure.

26-54-105. Contents of corporate governance annual disclosure.| (a) An insurer or insurance group shall have discretion over the manner in which a CGAD is submitted, provided the CGAD shall contain the material information necessary to permit the commissioner to gain an understanding of the insurer's or insurance group's corporate governance structure, policies and practices. The commissioner may request additional information deemed material and necessary to provide the commissioner with a clear understanding of corporate governance policies and the reporting, information systems or controls used to implement those policies.  (b) Notwithstanding subsection (a) of this section, the CGAD shall be prepared consistent with this subsection and corporate governance annual disclosure regulations adopted pursuant to W.S. 26-54-104. The CGAD shall describe:  (i) The insurer's or insurance group's corporate governance framework;  (ii) The policies and practices of the most senior governing entity and significant committees thereof;  (iii) Policies and practices for directing senior management; and  (iv) The processes by which the board and senior management ensure an appropriate amount of oversight to the critical risk areas impacting the insurer s business activities.  (c) Documentation and supporting information relevant to the CGAD shall be maintained and made available for examination or upon request of the commissioner.
WY Stat § 26-54-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 54 - Corporate Governance Annual Disclosure|Section 26-54-108 - Sanctions.

26-54-108. Sanctions.| Any insurer failing, without just cause, to timely file the CGAD required by this act shall be required, after notice and hearing, to pay a penalty of one hundred dollars ($100.00) for each day that the CGAD is not filed, to be recovered by the commissioner. The maximum penalty due under this section shall be five thousand dollars ($5,000.00). The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.