reglab/housing_qa huggingface dataset:
WY Stat § 26-37-123 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 37 - Mechanical Breakdown Insurance|Section 26-37-123 - Mechanical Breakdown Insurance Organizations; Representatives of Dealers; Registration Required.

26-37-123. Mechanical breakdown insurance organizations; representatives of dealers; registration required.| No person shall act as the representative of a dealer for a mechanical breakdown insurance organization unless he has first been registered with the commissioner pursuant to W.S. 26-37-124.
WY Stat § 26-37-124 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 37 - Mechanical Breakdown Insurance|Section 26-37-124 - Mechanical Breakdown Insurance Organizations; Representatives of Dealers; Registration Requirements; Fee; Renewal; Suspension or Revocation.

26-37-124. Mechanical breakdown insurance organizations; representatives of dealers; registration requirements; fee; renewal; suspension or revocation.| (a) Any dealer for a mechanical breakdown insurance organization shall register its representatives with the commissioner by filing an application for registration stating the:  (i) Name and address of the registrant;  (ii) Registrant has been a resident of this state for at least thirty (30) days preceding the date of application;  (iii) Registrant is a trustworthy person with a good reputation; and  (iv) Registrant is familiar with the benefits, costs, coverage and claims procedure of the mechanical breakdown insurance marketed by the dealer.  (b) The dealer shall pay a registration fee of ten dollars ($10.00) for each individual registered under this section.  (c) Upon payment of a renewal fee of ten dollars ($10.00), representative registrations are renewable on the first day of August of each year unless sooner suspended or revoked.  (d) Representative registrations may be suspended or revoked for those causes and subject to the procedure applicable to dealers under this chapter or to agents of insurers under this code.
WY Stat § 26-37-125 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 37 - Mechanical Breakdown Insurance|Section 26-37-125 - Types of Mechanical Breakdown Insurance; Policy and Certificate Forms; Issuance of Policies and Certificates.

26-37-125. Types of mechanical breakdown insurance; policy and certificate forms; issuance of policies and certificates.| (a) A mechanical breakdown insurer and a mechanical breakdown insurance organization may write mechanical breakdown insurance as individual, group, blanket or franchise insurance. Each contractual obligation for mechanical breakdown insurance shall be evidenced by a policy. Any insured person under a group policy shall be issued a certificate of coverage.  (b) No policy or certificate of mechanical breakdown insurance shall be issued in this state unless a copy of the form has been filed with and approved by the commissioner.  (c) The commissioner shall not approve any form that does not meet the following requirements:  (i) Policies shall contain a list and description of the mechanical breakdown payments promised or the mechanical breakdowns for which expenses are to be reimbursed, any limits on the amounts to be paid or reimbursed and procedures to be followed by the insured and the insurer in the event of a claim;  (ii) Policies and certificates shall indicate the name of the insurer and the full address of its principal place of business;  (iii) Certificates issued under group policies shall contain a full statement of the benefits provided, any exceptions and claim procedures but may summarize the other terms of the master policy; and  (iv) No policy except a policy issued by a mutual or reciprocal insurance company may provide for assessments on policyholders or for reduction of benefits for the purpose of maintaining the insurer's solvency.  (d) The department may disapprove a policy or certificate form if it finds that it:  (i) Is unfair, unfairly discriminatory, misleading, ambiguous or encourages misrepresentation or misunderstanding of the contract;  (ii) Provides coverage or benefits or contains other provisions that endanger the insurer's solvency; or  (iii) Is contrary to law.
WY Stat § 26-37-126 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 37 - Mechanical Breakdown Insurance|Section 26-37-126 - Filing and Approval of Contracts; Annual Reports by Organizations.

26-37-126. Filing and approval of contracts; annual reports by organizations.| (a) Contracts made between the organization and its dealers and representatives and contracts with other providers of services under the mechanical breakdown insurance policy shall be filed with and approved by the commissioner.  (b) Organizations shall annually report to the commissioner in reasonably required detail, the number and geographical distribution of providers of services covered by the mechanical breakdown insurance policy with whom it maintains contractual relations and the nature of the relations. For individual insurers or groups of insurers, the commissioner may require more frequent reports.
WY Stat § 26-37-127 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 37 - Mechanical Breakdown Insurance|Section 26-37-127 - Rules and Regulations.

26-37-127. Rules and regulations.| After notice and hearing, the commissioner may promulgate rules and regulations necessary to carry out this chapter. Rules and regulations promulgated under this chapter are subject to review in accordance with W.S. 28-9-101 through 28-9-108.
WY Stat § 26-37-128 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 37 - Mechanical Breakdown Insurance|Section 26-37-128 - Penalty for Violation.

26-37-128. Penalty for violation.| Any violation of this chapter is punishable as provided by W.S. 26-1-107.
WY Stat § 26-39-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 39 - Closed Blocks of Business|Section 26-39-101 - Scope.

26-39-101. Scope.| (a) This chapter shall apply to any insurer who has marketed or sold or will market and sell any individual, group or blanket disability insurance contracts to Wyoming residents.  (b) For the purposes of this chapter disability insurance does not include credit disability insurance as defined in W.S. 26-21-102(a)(ii).
WY Stat § 26-39-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 39 - Closed Blocks of Business|Section 26-39-102 - Definitions.

26-39-102. Definitions.| (a) As used in this act:  (i) "Block of business" means all those individual, group or blanket disability insurance contracts issued by an insurance company under a particular policy form approved by the Wyoming insurance department;  (ii) "Closed block of business" means a block of business where an insurer ceases to market or sell in Wyoming any new individual, group or blanket disability insurance contracts under a particular policy form and no new contracts are being added to the block;  (iii) "Policy form" means a representative insurance contract which has been filed by an insurer for approval by the Wyoming insurance department pursuant to W.S. 26-15-110 so that other contracts with identical language to that of the policy form may be marketed and sold in Wyoming;  (iv) "This act" means W.S. 26-39-101 through 26-39-104.
WY Stat § 26-39-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 39 - Closed Blocks of Business|Section 26-39-103 - Spreading of Risk.

26-39-103. Spreading of risk.| If any insurer closes a block of business in this state, the insurer shall spread the claims experience of the closed block of business to, for like insureds without regard to individual health problems, other blocks of business still being marketed and sold by that insurer in this state when determining what premiums are to be charged for the contracts included in the closed block of business.
WY Stat § 26-39-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 39 - Closed Blocks of Business|Section 26-39-104 - Violations.

26-39-104. Violations.| Any insurer who violates any provisions of this chapter is subject to denial, suspension or revocation of its certificate of authority as well as the imposition of a penalty as set forth in W.S. 26-1-107.
WY Stat § 26-41-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 41 - Redomestication Model Act|Section 26-41-101 - Approval as a Domestic Insurer.

26-41-101. Approval as a domestic insurer.| Any insurer which is organized under the laws of any jurisdiction other than this state and is admitted to do business in this state for the purpose of writing insurance may become a domestic insurer by meeting the substantive requirements of law relative to the organization and licensing of a domestic insurer of the same type, by designating its principal place of business at a place in this state, and by receiving from the commissioner certification that it is a domestic insurer as if originally formed in the state. The domesticated insurer thereafter will be entitled to domestic certificates and licenses to transact business in this state, and shall be subject to the authority and jurisdiction of this state as a domestic insurer.
WY Stat § 26-41-102 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 41 - Redomestication Model Act|Section 26-41-102 - Conversion to Foreign Insurer.

26-41-102. Conversion to foreign insurer.| Any domestic insurer may, upon the approval of the commissioner, transfer its domicile to any other state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer, and shall be admitted to this state if qualified as a foreign insurer. The commissioner shall approve any proposed transfer unless he shall determine the transfer is not in the interest of the policyholders of this state.
WY Stat § 26-41-103 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 41 - Redomestication Model Act|Section 26-41-103 - Effects of Redomestication.

26-41-103. Effects of redomestication.| (a) The certificate of authority, agent appointments and licenses, rates, and other items which the commissioner of insurance allows, in his discretion, which are in existence at the time any insurer licensed to transact the business of insurance in this state transfers its corporate domicile to this or any other state by merger, consolidation, continuance, transfer or any other lawful method shall continue in full force and effect upon the transfer if the insurer remains duly qualified to transact the business of insurance in this state. All outstanding policies of any transferring insurer shall remain in full force and effect and need not be endorsed as to the new name of the company or its new location unless so ordered by the commissioner. Every transferring insurer shall file new policy forms with the commissioner on or before the effective date of the transfer, but may use existing policy forms with appropriate endorsements if allowed by, and under conditions approved by, the commissioner.  (b) The procedures for filing and approval of articles of domestication by the corporate directors shall be the same as those set forth in W.S. 26-24-104 concerning the filing and approval of articles of incorporation for proposed domestic insurers.  (c) The articles of domestication of any insurer transferring its domicile into this state shall be deemed the articles of incorporation of the insurer. The domestication of an insurer into this state shall have the same effect upon the insurer as in the case of a corporation continuing in Wyoming pursuant to W.S. 17-16-1810.
WY Stat § 26-42-101 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-101 - Short Title.

26-42-101. Short title.| This chapter is known as the "Wyoming Life and Health Insurance Guaranty Association Act."
WY Stat § 26-42-104 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-104 - Creation of the Association.

26-42-104. Creation of the association.| (a) There is created a nonprofit legal entity to be known as the Wyoming life and health insurance guaranty association. All member insurers are members of the association as a condition of their authority to transact insurance or health maintenance organization business in this state. The association shall perform its functions under the plan of operation established and approved under W.S. 26-42-108 and shall exercise its powers through a board of directors provided by W.S. 26-42-105. For purposes of administration and assessment the association shall maintain the three (3) following accounts:  (i) The life insurance account;  (ii) The health account; and  (iii) The annuity account.  (b) The association is under the supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state. Meetings or records of the association may be opened to the public upon majority vote of the board of directors of the association.
WY Stat § 26-42-105 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-105 - Board of Directors.

26-42-105. Board of directors.| (a) The board of directors of the association consists of not less than five (5) nor more than nine (9) member insurers serving terms as established in the plan of operation provided by W.S. 26-42-108. Membership on the board shall be subject to the following:  (i) The members of the board shall be selected by member insurers subject to the approval of the commissioner;  (ii) A majority of the members shall be domestic insurers. If there are not enough domestic insurers for a majority, then all domestic insurers shall be on the board. The domestic insurers shall hold the positions of chairman and at least one (1) other officer position on the board if possible;  (iii) Each member insurer selected shall identify the individual representing the member insurer on the board and shall provide the individual's name, address, biographical information and position in an affidavit to the commissioner for review and approval;  (iv) Vacancies on the board shall be filled for the remaining period of the term by a majority vote of the remaining board members subject to the approval of the commissioner.  (b) In approving selections or in appointing members to the board, the commissioner shall consider, among other factors, whether all member insurers are fairly represented.  (c) Members of the board shall be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors. Members of the board shall not otherwise be compensated by the association for their services.
WY Stat § 26-42-108 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-108 - Plan of Operation.

26-42-108. Plan of operation.| (a) The association shall maintain a plan of operation to assure the fair, reasonable and equitable administration of the association. The plan of operation and any amendments to the plan of operation shall be submitted to the commissioner and are effective upon the commissioner's written approval or after thirty (30) days if he has not disapproved them.  (b) If the association fails to submit a suitable plan of operation or suitable amendments to the plan, the commissioner shall after notice and hearing adopt and promulgate reasonable rules as necessary or advisable to implement the provisions of this act. The rules shall continue in force until modified by the commissioner or superseded by a plan submitted by the association and approved by the commissioner.  (c) All member insurers shall comply with the plan of operation.  (d) The plan of operation shall, in addition to requirements enumerated in other provisions of this act:  (i) Establish procedures for handling the assets of the association;  (ii) Establish the amount and method of reimbursing members of the board of directors under W.S. 26-42-105;  (iii) Establish regular places and times for meetings including telephone conference calls of the board of directors;  (iv) Establish procedures for records to be kept of all financial transactions of the association, the association's agents and the board of directors;  (v) Establish the procedures for making selections for the board of directors and submitting them to the commissioner;  (vi) Establish any additional procedures for assessments under W.S. 26-42-107;  (vii) Contain additional provisions necessary or proper for the execution of the powers and duties of the association.  (e) The plan of operation may provide that any or all powers and duties of the association, except those under W.S. 26-42-106(p) and 26-42-107, are delegated to a corporation, association or other organization which performs or will perform functions similar to those of the association or its equivalent in two (2) or more states. The corporation, association or organization shall be reimbursed for any payments made on behalf of the association and shall be paid for its performance of any function of the association. A delegation under this subsection shall take effect only with the approval of both the board of directors and the commissioner and may be made only to a corporation, association or organization which extends protection similar to that provided by this act.
WY Stat § 26-42-109 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-109 - Duties and Powers of the Commissioner.

26-42-109. Duties and powers of the commissioner.| (a) In addition to the duties and powers enumerated in other provisions of this act, the commissioner shall:  (i) Upon request of the board of directors, provide the association with a statement of the premiums in this and any other appropriate state for each member insurer;  (ii) When an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to eliminate the impairment within a reasonable time. Notice to the impaired insurer shall constitute notice to its shareholders, if any. The failure of the impaired insurer to promptly comply with the demand shall not excuse the association from the performance of its powers and duties under this act;  (iii) In any liquidation or rehabilitation proceeding involving a domestic insurer, be appointed as the liquidator, rehabilitator or conservator.  (b) The commissioner may suspend or revoke after notice and hearing the certificate of authority to transact business in this state of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative the commissioner may levy a forfeiture on any member insurer which fails to pay an assessment when due. Such forfeiture shall not exceed five percent (5%) of the unpaid assessment per month, but no forfeiture shall be less than one hundred dollars ($100.00) per month.  (c) Any action of the board of directors or the association may be appealed to the commissioner by any member insurer if an appeal is taken within sixty (60) days of the final action being appealed. Any final action or order of the commissioner is subject to judicial review in a court of competent jurisdiction.  (d) The liquidator, rehabilitator or conservator of any impaired insurer may notify all interested persons of the effect of this act.
WY Stat § 26-42-111 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-111 - Credits for Assessments Paid; Tax Offsets.

26-42-111. Credits for assessments paid; tax offsets.| (a) A member insurer may offset against its premium tax liability to this state an assessment described in W.S. 26-42-107(k) to the extent of ten percent (10%) of the amount of the assessment for each of the ten (10) calendar years following the year in which the assessment was paid. If a member insurer ceases doing business, all uncredited assessments may be credited against its premium tax liability for the year it ceases doing business.  (b) Any sums which are acquired by refund pursuant to W.S. 26-42-107(h) from the association by member insurers and which have been offset against premium taxes as provided in subsection (a) of this section, shall be paid by the member insurers to this state as required by the commissioner. The association shall notify the commissioner that the refunds have been made.
WY Stat § 26-42-113 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-113 - Examination of the Association; Annual Report.

26-42-113. Examination of the association; annual report.| The association is subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner each year not later than one hundred twenty (120) days after the association's fiscal year, a financial report in a form approved by the commissioner and a report of its activities during the preceding fiscal year.
WY Stat § 26-42-114 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-114 - Tax Exemptions.

26-42-114. Tax exemptions.| The association is exempt from payment of all fees and all taxes levied by this state or any of its subdivisions except taxes levied on real property.
WY Stat § 26-42-115 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-115 - Stay of Proceedings; Reopening Default Judgments.

26-42-115. Stay of proceedings; reopening default judgments.| All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed one hundred eighty (180) days from the date an order of liquidation, rehabilitation or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict or finding based on default the association may apply to have the judgment set aside by the same court that made the judgment and shall be permitted to defend against the suit on the merits.
WY Stat § 26-42-117 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-117 - Immunity.

26-42-117. Immunity.| Except as provided by W.S. 26-42-106(r)(ii), 26-42-109(b) and 26-42-112, there shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its agents or employees, the association or its agents or employees, members of the board of directors or the commissioner or his representatives, for any action or omission by them in the performance of their powers and duties under this act. Immunity shall extend to the participation in any organization of one (1) or more other state associations of similar purposes and to any such organization and its agents or employees.
WY Stat § 26-42-118 (2021)
2021 Wyoming Statutes|Title 26 - Insurance Code|Chapter 42 - Wyoming Life and Health Insurance Guaranty Association|Section 26-42-118 - Prospective Application.

26-42-118. Prospective application.| (a) Except as provided in subsection (b) of this section, this act shall apply to any member insurer which is placed under an order of liquidation with a finding of insolvency on or after July 1, 2014.  (b) The amendments provided in the 2014 amendments to W.S. 26-24-103(a) and (d) shall not apply to any member insurer placed under an order of liquidation with a finding of insolvency prior to July 1, 2014.  (c) The amendments provided in the 2019 amendments to this act shall not apply to any member insurer placed under an order of liquidation with a finding of insolvency prior to July 1, 2019.