reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 4 - THIRD-PARTY ADMINISTRATORS › Section 4-12 - Initial TPA License

Current through July 13, 2024
(a) A TPA applying to this state shall apply
				for licensure using forms prescribed by the commissioner and designate an
				individual as the TPA's contact person for department communications.
(b) The application forms shall include or be
				accompanied by the following information and documents:
(i) Verification of registration with the
				Wyoming Secretary of State or documentation from the Wyoming Secretary of State
				verifying that registration is not necessary;
(ii) Audited annual financial statements or
				reports for the two (2) most recent fiscal years that prove that the applicant
				has a positive net worth. If the applicant has been in existence for less than
				two (2) fiscal years, the application shall include financial statements or
				reports, certified by an officer of the applicant and prepared in accordance
				with GAAP, for any completed fiscal years, and for any month during the current
				fiscal year for which such financial statements or reports have been completed.
				An audited financial report prepared on a consolidated basis shall include a
				columnar consolidating or combining worksheet that shall be filed with the
				application for licensure and include the following:
(A) Amounts shown on the consolidated audited
				financial report shall be shown on the worksheet;
(B) Amounts for each entity shall be stated
				separately; and
(C) Explanations of
				consolidating and eliminating entries shall be included. The applicant shall
				also include such other information as the commissioner may require to review
				the current financial condition of the applicant;
(iii) Completed Designation of Third Party
				Administrator Form for each active contract. A TPA license shall not be issued
				without at least one (1) active designation;
(iv) Completed Entity/Third Party
				Administrator Contract Checklist for each active contract. A TPA license shall
				not be issued without at least one (1) active written agreement; and
(v) Such other pertinent information as may
				be required by the commissioner.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 4 - THIRD-PARTY ADMINISTRATORS › Section 4-13 - License Renewal

Current through July 13, 2024
(a) Each TPA licensed under section
				12 shall file a license renewal application
				on or before June 30 of the renewal year, or within such extension of time as
				the commissioner for good cause may grant. The renewal application shall
				include an audited financial statement performed by an independent certified
				public accountant for the preceding two (2) fiscal years. An audited financial
				report prepared on a consolidated basis shall include a columnar consolidating
				or combining worksheet that shall be filed with the report and include the
				following:
(i) Amounts shown on the
				consolidated audited financial report shall be shown on the
				worksheet;
(ii) Amounts for each
				entity shall be stated separately; and
(iii) Explanations of consolidating and
				eliminating entries shall be included. The renewal application shall be in the
				form and contain such matters as the commissioner prescribes and shall be
				verified by at least two (2) officers of the TPA.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 4 - THIRD-PARTY ADMINISTRATORS › Section 4-14 - Grounds for Denial, Suspension or Revocation of Licensure

Current through July 13, 2024
(a) The commissioner may, deny, suspend or
				revoke the license of a TPA if, after notice and opportunity for hearing
				pursuant to Chapter 32 of the Wyoming Insurance Regulations, the commissioner
				finds that the TPA:
(i) Has a negative net
				worth;
(ii) Is using such methods
				or practices in the conduct of its business so as to render its further
				transaction of business in this state hazardous or injurious to insured persons
				or the public;
(iii) Has failed to
				pay any judgment rendered against it in this state within sixty (60) days after
				the judgment has become final;
(iv)
				Has violated any lawful rule or order of the commissioner or any provision of
				the insurance laws of this state;
(v) Has refused to produce its accounts,
				records and files for examination or investigation by the
				commissioner;
(vi) Has, without
				just cause, refused to pay proper claims or perform services arising under its
				contracts or has, without just cause, caused covered individuals to accept less
				than the amount due them or caused covered individuals to employ attorneys or
				bring suit against the TPA or a payor which it represents to secure full
				payment or settlement of such claims;
(vii) Is required pursuant to this chapter to
				have a license and fails at any time to meet any qualification for which
				issuance of a license could have been refused had the failure then existed and
				been known to the commissioner, unless the commissioner issued a license with
				knowledge of the ground for disqualification and had the authority to waive
				it;
(viii) Has one or more of the
				individuals responsible for the conduct of its affairs has been convicted of,
				or has entered a plea of guilty or
nolo contendere
to, any
				felony, without regard to whether adjudication was withheld;
(ix) Is under suspension or revocation in
				another state; or
(x) Has failed to
				file a timely renewal application pursuant to section
				13.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-1 - Application of Regulation

Current through July 13, 2024
This regulation is applicable to all domestic stock insurers
				  having one hundred or more stockholders; provided, however, that this
				  regulation shall not apply to any insurer if ninety-five per cent or more of
				  its stock is owned or controlled by a parent or an affiliated insurer and the
				  remaining shares are held by less than five hundred stockholders. A domestic
				  stock insurer which files with the Securities and Exchange Commission forms of
				  proxies, consents and authorizations complying with the requirements of the
				  Securities and Exchange Act of nineteen hundred thirty-four and the Securities
				  and Exchange Acts Amendments of nineteen hundred sixty-four and Regulation X-14
				  of the Securities and Exchange Commission promulgated thereunder shall be
				  exempt from the provisions of this regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-2 - Proxies, Consents and Authorizations

Current through July 13, 2024
No domestic stock insurer, or any director, officer or
				  employee of such insurer subject to section one hereof, or any other person,
				  shall solicit, or permit the use of his name to solicit, by mail or otherwise,
				  any proxy, consent or authorization in respect of any stock of such insurer in
				  contravention of this regulation and Chapters 7 and 8 hereto annexed and hereby
				  made a part of this regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-3 - Disclosure of Equivalent Information

Current through July 13, 2024
Unless proxies, consents or authorizations in respect of a
				  stock of a domestic insurer subject to section one hereof are solicited by or
				  on behalf of the management of such insurer from the holders of records of
				  stock of such insurer in accordance with this regulation and the Chapters 7 and
				  8 thereunder prior to any annual or other meeting, such insurer shall, in
				  accordance with this regulation and/or such further regulations as the
				  Commissioner may adopt, file with the Commissioner and transmit to all
				  stockholders of record information substantially equivalent to the information
				  which would be required to be transmitted if a solicitation were
				  made.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-4 - Definitions

Current through July 13, 2024
(a) The definitions and instructions set out
				in Schedule SIS, as promulgated by the National Association of Insurance
				Commissioners, shall be applicable for purposes of this regulation.
(b) The terms "solicit" and "solicitation"
				for purposes of this regulation shall include:
(i) any request for a proxy, whether or not
				accompanied by or included in a form of proxy; or
(ii) any request to execute or not to
				execute, or to revoke, a proxy; or
(iii) the furnishing of a proxy or other
				communication to stockholders under circumstances reasonably calculated to
				result in the procurement, withholding or revocation of a proxy.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-5 - Information to be Furnished to Stockholders

Current through July 13, 2024
(a) No solicitation
				subject to this regulation shall be made unless each person solicited is
				concurrently furnished or has previously been furnished with a written proxy
				statement containing the information specified in Chapter 7.
(b) If the solicitation is made on behalf of
				the management of the insurer and relates to an annual meeting of stockholders
				at which directors are to be elected, each proxy statement furnished pursuant
				to subsection a. hereof shall be accompanied or preceded by an annual report
				(in preliminary or final form) to such stockholders containing such financial
				statements for the last fiscal year as are referred to in Schedule SIS under
				the heading "Financial Reporting to Stockholders." Subject to the foregoing
				requirements with respect to financial statements, the annual report to
				stockholders may be in any form deemed suitable by the management.
(c) Two copies of each report sent to the
				stockholders pursuant to this section shall be mailed to the Commissioner not
				later than the date on which such report is first sent or given to stockholders
				or the date on which preliminary copies of solicitation material are filed with
				the Commissioner pursuant to subsection a. of section seven, whichever date is
				later.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-6 - Requirements as to Proxy

Current through July 13, 2024
(a) The form of
				proxy (1) shall indicate in bold-face type whether or not the proxy is
				solicited on behalf of the management, (2) shall provide a specifically
				designated blank space for dating the proxy and (3) shall identify clearly and
				impartially each matter or group of related matters intended to be acted upon,
				whether proposed by the management, or stockholders. No reference need be made
				to proposals as to which discretionary authority is conferred pursuant to
				subsection c. hereof
(b) Means
				shall be provided in the proxy for the person solicited to specify by ballot a
				choice between approval or disapproval of each matter or group of related
				matters referred to therein, other than elections to office. A proxy may confer
				discretionary authority with respect to matters as to which a choice is not so
				specified if the form of proxy states in bold-face type how it is intended to
				vote the shares or authorization represented by the proxy in each such
				case.
(c) A proxy may confer
				discretionary authority with respect to other matters which may come before the
				meeting, provided the persons on whose behalf the solicitation is made are not
				aware a reasonable time prior to the time the solicitation is made that any
				other matters are to be presented for action at the meeting and provided
				further that a specific statement to that effect is made in the proxy statement
				or in the form of proxy. (A proxy may also confer discretionary authority with
				respect to any proposal omitted from the proxy statement and form of proxy
				pursuant to subsection c. of section eight.)
(d) No proxy shall confer authority (1) to
				vote for the election of any person to any office for which a bona fide nominee
				is not named in the proxy statement, or (2) to vote at any annual meeting other
				than the next annual meeting (or any adjournment thereof) to be held after the
				date on which the proxy statement and form of proxy are first sent or given to
				stockholders.
(e) The proxy
				statement or form of proxy shall provide, subject to reasonable specified
				conditions, that the proxy will be voted and that where the person solicited
				specifies by means of ballot provided pursuant to subsection b. hereof a choice
				with respect to any matter to be acted upon, the vote will be in accordance
				with the specifications so made.
(f) The information included in the proxy
				statement shall be clearly presented and the statements made shall be divided
				into groups according to subject matter, with appropriate headings. All printed
				proxy statements shall be clearly and legibly presented.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-7 - Material Required to Be Filed

Current through July 13, 2024
(a) Two preliminary
				copies of the proxy statement and form of proxy and any other soliciting
				material to be furnished to stockholders concurrently therewith shall be filed
				with the Commissioner at least ten days prior to the date definitive copies of
				such material are first sent or
given to stockholders, or such shorter period prior to that
				  date as the Commissioner may authorize upon a showing of good cause
				  therefor.
(b) Two
				preliminary copies of any additional soliciting material relating to the same
				meeting or subject matter to be furnished to stockholders subsequent to the
				proxy statements shall be filed with the Commissioner at least two days
				(exclusive of Saturdays, Sundays or holidays) prior to the date copies of this
				material are first sent or given to stockholders or a shorter period prior to
				such date as the Commissioner may authorize upon a showing of good cause
				therefor.
(c) Two definitive copies
				of the proxy statement, form of proxy and all other soliciting material, in the
				form in which this material is furnished to stockholders, shall be filed with,
				or mailed for filing to, the Commissioner not later than the date such material
				is first sent to the stockholders.
(d) Where any proxy statement, form of proxy
				or other material filed pursuant to these rules is amended or revised, two of
				the copies shall be marked to clearly show such changes.
(e) Copies of replies to inquiries from
				stockholders requesting further information and copies of communications which
				do no more than request that forms of proxy theretofore solicited be signed and
				returned need not be filed pursuant to this section.
(f) Notwithstanding the provisions of
				subsections a. and b. hereof and of subsection e. of section eleven, copies of
				soliciting material in the form of speeches, press releases and radio or
				television scripts may, but need not be filed with the Commissioner prior to
				use or publication. Definitive copies, however, shall be filed with or mailed
				for filing to the Commissioner as required by subsection c. hereof not later
				than the date such material is used or published. The provisions of subsections
				a. and b. hereof and subsection e. of section eleven shall apply, however, to
				any reprints or reproductions of all or any part of such material.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-9 - False or Misleading Statements

Current through July 13, 2024
No solicitation subject to this regulation shall be made by
				  means of any proxy statement, form of proxy, notice of meeting, or other
				  communication, written or oral, containing any statement which at the time and
				  in the light of the circumstances under which it is made, is false or
				  misleading with respect to any material fact, or which omits to state any
				  material fact necessary in order to make the statements therein not false or
				  misleading or necessary to correct any statement in any earlier communication
				  with respect to the solicitation of a proxy for the same meeting or subject
				  matter which has become false or misleading.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-10 - Prohibition of Certain Solicitations

Current through July 13, 2024
No person making a solicitation which is subject to this
				  regulation shall solicit any undated or postdated proxy or any proxy which
				  provides that it shall be deemed to be dated as of any date subsequent to the
				  date on which it is signed by the stockholder.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 6 - RULES › Section 6-11 - Special Provisions Applicable to Election Contests

Current through July 13, 2024
(a)
				Applicability. This section shall apply to any solicitation subject to this
				regulation by any person or group for the purpose of opposing a solicitation
				subject to this regulation by any other person or group with respect to the
				election or removal of directors at any annual or special meeting of
				stockholders.
(b) Participant or
				Participant in a Solicitation.
(i) For
				purposes of this section the terms "participant' and "participant in a
				solicitation" include:
(i) the
				insurer;
(ii) any director of the
				insurer, and any nominee for whose election as a director proxies are
				solicited;
(iii) any other person,
				acting alone or with one or more other persons, committees or groups, in
				organizing, directing or financing the solicitation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-1 - Revocability of Proxy

Current through July 13, 2024
State whether or not the person giving the proxy has the
				  power to revoke it. If the right of revocation before the proxy is exercised is
				  limited or is subject to compliance with any formal procedure, briefly describe
				  such limitation or procedure.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-2 - Dissenters' Rights of Appraisal

Current through July 13, 2024
Outline briefly the rights of appraisal or similar rights of
				  dissenting stockholders with respect to any matter to be acted upon and
				  indicate any statutory procedure required to be followed by such stockholders
				  in order to perfect their rights. Where such rights may be exercised only
				  within a limited time after the date of the adoption of a proposal, the filing
				  of a charter amendment, or other similar act, state whether the person
				  solicited will be notified of such date.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-3 - Persons Making Solicitations Not Subject to Section 11 of Chapter 6

Current through July 13, 2024
(a) If the solicitation is made by the
				management of the insurer, so state. Give the name of any director of the
				insurer who has informed the management in writing that he intends to oppose
				any action intended to be taken by the management and indicate the action which
				he intends to oppose.
(b) If the
				solicitation is made otherwise than by the management of the insurer, state the
				names and addresses of the persons by whom and on whose behalf it is made and
				the names and addresses of the persons by whom the cost of solicitation has
				been or will be borne, directly or indirectly.
(c) If the solicitation is to be made by
				specially engaged employees or paid solicitors, state (i) the material features
				of any contract or arrangement for such solicitation and identify the parties,
				and (ii) the cost or anticipated cost thereof
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-4 - Interest of Certain Persons in Matters to Be Acted Upon

Current through July 13, 2024
Describe briefly any substantial interest, direct or
				  indirect, by stock holdings or otherwise, of any director, nominee for election
				  for director, officer and, if the solicitation is made otherwise than on behalf
				  of management, each person on whose behalf the solicitation is made, in any
				  matter to be acted upon other than elections to office.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-5 - Stocks and Principal Stockholders

Current through July 13, 2024
(a) State, as to
				each class of voting stock of the insurer entitled to be voted at the meeting,
				the number of shares outstanding and the number of votes to which each class is
				entitled.
(b) Give the date as of
				which the record list of stockholders entitled to vote at the meeting will be
				determined. If the right to vote is not limited to stockholders of record on
				that date, indicate the conditions under which other stockholders may be
				entitled to vote.
(c) If action is
				to be taken with respect to the election of directors and if the persons
				solicited have cumulative voting rights, make a statement that they have such
				rights and state briefly the conditions precedent to the exercise
				thereof
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-6 - Nominees and Directors

Current through July 13, 2024
If action is to be taken with respect to the election of
				  directors furnish the following information, in tabular form to the extent
				  practicable, with respect to each person nominated for election as a director
				  and each other person whose term of office as a director will continue after
				  the meeting:
(a) Name each such person,
				state when his term of office or the term of office for which he is a nominee
				will expire, and all other positions and offices with the insurer presently
				held by him, and indicate which persons are nominees for election as directors
				at the meeting.
(b) State his
				present principal occupation or employment and give the name and principal
				business of any corporation or other organization in which such employment is
				carried on. Furnish similar information as to all of his principal occupations
				or employments during the last five years, unless he is now a director and was
				elected to his present term of office by a vote of stockholders at a meeting
				for which proxies were solicited under this regulation.
(c) If he is or has previously been a
				director of the insurer, state the period or periods during which he has served
				as such.
(d) State, as of the most
				recent practicable date, the approximate amount of each class of stock of the
				insurer or any of its parents, subsidiaries or affiliates other than directors'
				qualifying shares, beneficially owned directly or indirectly by him. If he is
				not the beneficial owner of any such stocks make a statement to that
				effect.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-7 - Remuneration and Other Transactions with Management and Others

Current through July 13, 2024
Furnish the information reported or required in Item One of
				  Schedule SIS under the heading "Information Regarding Management and Directors"
				  if action is to be taken with respect to (a) the election of directors, (b) any
				  remuneration plan, contract or arrangement in which any director, nominee for
				  election as a director, or officer of the insurer will participate, (c) any
				  pension or retirement plan in which any such person will participate, or (d)
				  the granting or extension to any such person of any options, warrants or rights
				  to purchase any stocks, other than warrants or rights issued to stockholders,
				  as such, on a pro rata basis. If the solicitation is made on behalf of persons
				  other than the management information shall be furnished only as to Item One-A
				  of the aforesaid heading of Schedule SIS.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-8 - Bonus, Profit Sharing and Other Remuneration Plans

Current through July 13, 2024
If action is to be taken with respect to any bonus, profit
				  sharing, or other remuneration plan, of the insurer furnish the following
				  information:
(a) A brief description of
				the material features of the plan, each class of persons who will participate
				therein, the approximate number of persons in each such class, and the basis of
				such participation.
(b) The amounts
				which would have been distributable under the plan during the last calendar
				year to (1) each person named in section seven of this chapter, (2) directors
				and officers as a group, and (3) to all other employees as a group, if the plan
				had been in effect.
(c) If the plan
				to be acted upon may be amended (other than by vote of stockholders) in a
				manner which would materially increase the cost thereof to the insurer or to
				materially alter the allocation of the benefits as between the groups specified
				in paragraph (b) of this section, the nature of such amendments should be
				specified.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-9 - Pension and Retirement Plan

Current through July 13, 2024
If action is to be taken with respect to any pension or
				  retirement plan of the insurer, furnish the following information:
(a) A brief description of the material
				features of the plan, each class of persons who will participate therein, the
				approximate number of persons in each such class, and the basis of such
				participation.
(b) State (1) the
				approximate total amount necessary to fund the plan with respect to past
				services, the period over which such amount is to be paid, and the estimated
				annual payments necessary to pay the total amount over such period; (2) the
				estimated annual payment to be made with respect to current services; and (3)
				the amount of such annual payments to be made for the benefit of (i) each
				person named in section seven of this chapter, (ii) directors and officers as a
				group, and (iii) employees as a group.
(c) If the plan to be acted upon may be
				amended (other than by vote of stockholders) in a manner which would materially
				increase the cost thereof to the insurer or to materially alterthe allocation
				of the benefits as between the groups specified in sub-paragraph b.(3) of this
				section, the nature of such amendments should be specified.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-10 - Options, Warrants, or Rights

Current through July 13, 2024
If action is to be taken with respect to the granting or
				  extension of any options, warrants or rights (all referred to herein as
				  "warrants") to purchase stock of the insurer or any subsidiary or affiliate,
				  other than warrants issued to all stockholders on a pro rata basis, furnish the
				  following information:
(a) The title
				and amount of stock called for or to be called for, the prices, expiration
				dates and other material conditions upon which the warrants may be exercised,
				the consideration received or to be received by the insurer, subsidiary or
				affiliate for the granting or extension of the warrants and the market value of
				the stock called for or to be called for by the warrants, as of the latest
				practicable date.
(b) If known,
				state separately the amount of stock called for or to be called for by warrants
				received or to be received by the following persons, naming each such person:
(1) each person named in section seven of
				this chapter and
(2) each other
				person who will be entitled to acquire five per cent or more of the stock
				called for or to be called for by such warrants.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-11 - Authorization or Issuance of Stock

Current through July 13, 2024
(a) If action is to
				be taken with respect to the authorization or issuance of any stock of the
				insurer furnish the title, amount or description of the stock to be authorized
				or issued.
(b) If the shares of
				stock are other than additional shares of common stock of a class outstanding,
				furnish a brief summary of the following, if applicable: dividend, voting,
				liquidation, preemptive, and conversion rights, redemption and sinking fund
				provisions, interest rate and date of maturity.
(c) If the shares of stock to be authorized
				or issued are other than additional shares of common stock of a class
				outstanding, the Commissioner may require financial statements comparable to
				those contained in the annual report.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-12 - Mergers, Consolidations, Acquisitions and Similar Matters

Current through July 13, 2024
(a) If action is to be taken with respect to
				a merger, consolidation, acquisition, or similar matter, furnish in brief
				outline the following information:
(i) The
				rights of appraisal or similar rights of dissenters with respect to any matters
				to be acted upon. Indicate any procedure required to be followed by dissenting
				stockholders in order to perfect such rights.
(ii) The material features of the plan or
				agreement.
(iii) The business done
				by the company to be acquired or whose assets are being acquired.
(iv) If available, the high and low sale
				prices for each quarterly period within two years.
(v) The percentage of outstanding shares
				which must approve the transaction before it is consummated.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-13 - Restatement of Accounts

Current through July 13, 2024
If action is to be taken with respect to the restatement of
				  any asset, capital, or surplus of the insurer, furnish the following
				  information:
(a) State the nature of
				the restatement and the date as of which it is to be effective.
(b) Outline briefly the reasons for the
				restatement and for the selection of the particular effective date.
(c) State the name and amount of each account
				affected by the restatement and the effect of the restatement
				thereon.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-14 - Matters Not Required to Be Submitted

Current through July 13, 2024
If action is to be taken with respect to any matter which is
				  not required to be submitted to a vote of stockholders, state the nature of
				  such matter, the reason for submitting it to a vote of stockholders and what
				  action is intended to be taken by the management in the event of a negative
				  vote on the matter by the stockholders.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 7 - INFORMATION REQUIRED IN PROXY STATEMENT › Section 7-15 - Amendment of Charter, By-laws, or Other Documents

Current through July 13, 2024
If action is to be taken with respect to any amendment of the
				  insurer's charter, by-laws or other documents as to which information is not
				  required above, state briefly the reasons for and general effect of such
				  amendment and the vote needed for its approval.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 8 - PROXY SOLICITATION IN AN ELECTION CONTEST - INFORMATION REQUIRED › Section 8-2 - Identity and Background

Current through July 13, 2024
(a) State the
				following:
(i) Your name and business
				address.
(ii) Your present
				principal occupation or employment and the name, principal business and address
				of any corporation or other organization in which such employment is carried
				on.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 8 - PROXY SOLICITATION IN AN ELECTION CONTEST - INFORMATION REQUIRED › Section 8-3 - Interest in Stock of the Insurer

Current through July 13, 2024
(a) State the
				amount of each class of stock of the insurer which you own beneficially,
				directly or indirectly.
(b) State
				the amount of each class of stock of the insurer which you own of record but
				not beneficially.
(c) State with
				respect to the stock specified in a. and b. the amounts required within the
				past two years, the dates of acquisition and the amounts acquired on each
				date.
(d) If any part of the
				purchase price or market value of any of the stock specified in paragraph c. is
				represented by funds borrowed or otherwise obtained for the purpose of
				acquiring or holding such stock, so state and indicate the amount of the
				indebtedness as of the latest practicable date. If such funds were borrowed or
				obtained otherwise than pursuant to a margin account or bank loan in the
				regular course of business of a bank, broker or dealer, briefly describe the
				transaction, and state the names of the parties.
(e) State whether or not you are a party to
				any contracts, arrangements or understandings with any person with respect to
				any stock of the insurer, including but not limited to joint ventures, loan or
				option arrangements, puts or calls, guarantees against loss or guarantees of
				profits, division of losses or profits, or the giving or withholding of
				proxies. If so, name the persons with whom such contracts, arrangements, or
				understandings exist and give the details thereof
(f) State the amount of stock of the insurer
				owned beneficially, directly or indirectly, by each of your associates and the
				name and address of each such associate.
(g) State the amount of each class of stock
				of any parent, subsidiary or affiliate of the insurer which you own
				beneficially, directly or indirectly.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 8 - PROXY SOLICITATION IN AN ELECTION CONTEST - INFORMATION REQUIRED › Section 8-4 - Further Matters

Current through July 13, 2024
(a) Describe the
				time and circumstances under which you became a participant in the solicitation
				and state the nature and extent of your activities or proposed activities as a
				participant.
(b) Describe briefly,
				and where practicable state the approximate amount of, any material interest,
				direct or indirect, of yourself and of each of your associates in any material
				transactions since the beginning of the company's last fiscal year, or in any
				material proposed transactions, to which the company or any of its subsidiaries
				or affiliates was or is to be a party.
(c) State whether or not you or any of your
				associates have any arrangement or understanding with any person-
(i) with respect to any future employment by
				the insurer or its subsidiaries or affiliates; or
(ii) with respect to any future transactions
				to which the insurer or any of itssubsidiaries or affiliates will or may be a
				party.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 8 - PROXY SOLICITATION IN AN ELECTION CONTEST - INFORMATION REQUIRED › Section 8-5 - Signature

Current through July 13, 2024
The statement shall be dated and signed in the following
				  manner:
I certify that the statements made in this statement are
				  true, complete, and correct, to the best of my knowledge and belief
(Date)
(Signature of participant or
authorized representative)
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 9 - UNFAIR DISCRIMINATION ON THE BASIS OF BLINDNESS OR PARTIAL BLINDNESS › Section 9-1 - Authority

Current through July 13, 2024
This regulation is promulgated pursuant to the authority
				  granted the Insurance Commissioner by
				  W.S.
				  26-2-110 and the Wyoming Administrative
				  Procedures Act.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 9 - UNFAIR DISCRIMINATION ON THE BASIS OF BLINDNESS OR PARTIAL BLINDNESS › Section 9-2 - Purpose

Current through July 13, 2024
The purpose of this regulation is to identify specific acts
				  or practices prohibited as unfairly discriminatory pursuant to
				  W.S.
				  26-13-109 and W.S. W.S.
				  W.S.
				  26-13-116.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 9 - UNFAIR DISCRIMINATION ON THE BASIS OF BLINDNESS OR PARTIAL BLINDNESS › Section 9-3 - Unfairly Discriminatory Acts or Practices

Current through July 13, 2024
The following are hereby identified as acts or practices
				  which constitute unfair discrimination between individuals of the same class:
				  Refusing to insure, or refusing to continue to insure, or limiting the amount,
				  extent or kind of coverage available to an individual, or charging an
				  individual a different rate for the same coverage solely because of blindness
				  or partial blindness, except where the refusal, limitation or rate differential
				  is based on sound actuarial principles or is related to actual or reasonably
				  anticipated experience.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-1 - Authority

Current through July 13, 2024
(a) These
				regulations are promulgated pursuant to W.S. §§
									26-2-110,
				26-18-121, and
				26-19-101,
et
				seq
.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-2 - Definitions and Procedures

Current through July 13, 2024
(a) "Plan" means
				any plan providing benefits or services for or on account of medical or dental
				care or treatment.
(i) "Plan" includes:
(A) Group and non-group insurance contracts
				and subscriber contracts;
(B)
				Uninsured arrangements of group or group-type coverage;
(C) Group and non-group coverage through
				closed panel plans;
(D) Group-type
				contracts;
(E) Medicare or other
				governmental benefits, as permitted by law, except as provided in Paragraph
				(ii)(H) of this Subsection. That part of the definition of plan may be limited
				to the hospital, medical, and surgical benefits of the governmental program;
				and
(F) Group and non-group
				insurance contracts and subscriber contracts that pay or reimburse for the cost
				of dental care.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-3 - Order of Benefit Determination

Current through July 13, 2024
Each plan determines its order of benefits using the first of
				  the following rules that applies:
(a)
				Non-Dependent or Dependent
(i) Subject to
				Subparagraph (A) of this paragraph, the plan that covers the person other than
				as a dependent, for example as an employee, member, subscriber, policyholder or
				retiree, is the primary plan and the plan that covers the person as a dependent
				is the secondary plan.
(A) If the person is a
				Medicare beneficiary, and, as a result of the provisions of Title XVIII of the
				Social Security Act and implementing regulations, Medicare is:
(I) Secondary to the plan covering the person
				as a dependent; and
(II) Primary to
				the plan covering the person as other than a dependent (e.g. a retired
				employee),
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-4 - Procedure to be Followed by Secondary Plan to Calculate Benefits and Pay a Claim

Current through July 13, 2024
In determining the amount to be paid by the secondary plan on
				  a claim, should the plan wish to coordinate benefits, the secondary plan shall
				  calculate the benefits it would have paid on the claim in the absence of other
				  health care coverage and apply that calculated amount to any allowable expense
				  under its plan that is unpaid by the primary plan. The secondary plan may
				  reduce its payment by the amount so that, when combined with the amount paid by
				  the primary plan, the total benefits paid or provided by all plans for the
				  claim do not exceed 100 percent of the total allowable expense for that claim.
				  In addition, the secondary plan shall credit to its plan deductible any amounts
				  it would have credited to its deductible in the absence of other health care
				  coverage.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-5 - Right of Recovery

Current through July 13, 2024
Whenever payments for allowable expenses have been made by an
				  insurer in excess of the maximum amount required by its contract requirements,
				  the insurer shall have the right to recover excess payments as the insurer
				  shall determine from among: any person to whom payments were made, any other
				  insurers, or any other organizations. Coordination of Benefits differs from
				  subrogation. Provisions for one may be included in health care benefits
				  contracts without compelling the inclusion or exclusion of the other.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-6 - Notice to Covered Persons

Current through July 13, 2024
A plan shall, in its explanation of benefits provided to
				  covered persons, include the following language: "If you are covered by more
				  than one health benefit plan, you should file all your claims with each
				  plan."
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 10 - COORDINATION OF BENEFITS › Section 10-7 - Effective Date

Current through July 13, 2024
This regulation shall become effective upon filing with the
				  Secretary of State. All policy and contract forms subject to this regulation
				  which were issued prior to its effective date shall be brought into compliance
				  with the requirements of this regulation at the next anniversary date or
				  renewal date of the group policy or contract.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 11 - RULES GOVERNING FILINGS OF FORMS FOR PROPERTY, CASUALTY, SURETY, MARINE AND TRANSPORTATION INSURANCE › Section 11-1 - Authority

Current through July 13, 2024
These rules and regulations are promulgated pursuant to W.S.
				  §§
									
										26-2-110,
				  26-5-104 through
				  26-5-107,
				  26-14-109,
				  26-15-110, and
				  16-3-101
et
				  seq
.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 11 - RULES GOVERNING FILINGS OF FORMS FOR PROPERTY, CASUALTY, SURETY, MARINE AND TRANSPORTATION INSURANCE › Section 11-2 - Applicability

Current through July 13, 2024
These rules shall apply to property, casualty, surety (except
				  bonds), marine, and transportation insurers or advisory organizations
				  submitting form filings pursuant to W.S. §§
									
										26-14-109 and
				  26-15-110. These rules shall not
				  apply to any assigned risk program.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 11 - RULES GOVERNING FILINGS OF FORMS FOR PROPERTY, CASUALTY, SURETY, MARINE AND TRANSPORTATION INSURANCE › Section 11-3 - Submission of Filings

Current through July 13, 2024
(a) The filing required by W.S. §
									
										26-15-110 may be made by an insurance
				company, or on behalf of an insurance company by a registered advisory
				organization, in accordance with these rules. No advisory organization may make
				any filings on its own behalf.
(i) Any
				insurance company may make individual form filings directly with the
				Department.
(ii) Any advisory
				organization may make individual filings on behalf of a single insurance
				company by submitting the form for filing together with an affidavit from the
				insurance company which states the advisory organization is authorized to make
				the form filing on behalf of the insurance company and that the insurance
				company will make the form available for use in Wyoming under the company's
				underwriting standards.
(iii) No
				form is considered filed by a reference to some other approved form of another
				insurer or an advisory organization. All form filings must be complete in and
				of themselves.