reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 52 - CREDIT LIFE AND DISABILITY INSURANCE › Section 52-8 - Prohibited Transactions

Current through July 13, 2024
The following practices, when engaged in by insurers or
				  agents in connection with the sale or placement of credit life, disability
				  insurance, or as an inducement thereto, shall be considered to constitute
				  "unfair methods of competition" and "unfair trade practices" within the meaning
				  of W.S.
				  26-13-101 et seq. and are prohibited:
(a) The offer or grant by an insurer to a
				creditor of any special favor or advantage not set out in the insurance
				contract other than the payment of agents' commissions.
(b) Agreement by an insurer to deposit with a
				bank or financial institution money or securities of the insurer with the
				design or intent that the same offset or take the place of a deposit of money
				or securities which otherwise would be required of the creditor by such bank or
				financial institution as a compensating balance or offsetting deposit for a
				loan or other advancement.
(c)
				Deposit by an insurer of money or securities without interest or a lesser rate
				of interest than is currently being paid other depositors with a creditor bank
				or financial institution. This prohibition shall not be construed to prohibit
				the maintenance by an insurer of such demand deposits as are reasonably
				necessary for use in the ordinary course of business of the insurer.
(d) Premiums received by a creditor or agent
				must be paid to the insurer within forty-five (45) days of the end of the month
				in which they are received.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 52 - CREDIT LIFE AND DISABILITY INSURANCE › Section 52-9 - Statistical Reporting

Current through July 13, 2024
Each insurer writing credit life or credit disability
				  insurance within this state shall keep and maintain statistical data of its
				  experience on these kinds of insurance. The insurer shall, on or before the
				  first day of June of each year, file with the Insurance Commissioner its
				  statistical experience data for the year ending December 31st immediately
				  preceding. Such experience shall be reported on forms conforming to those now
				  or hereafter from time to time adopted by the National Association of Insurance
				  Commissioners.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 52 - CREDIT LIFE AND DISABILITY INSURANCE › Section 52-11 - Effective Date

Current through July 13, 2024
This regulation shall become effective July 1, 1980. No form
				  or rate approved prior to the effective date of this regulation shall be used
				  in this state after 1 September 1980, except that insurers whose premium rates
				  do not exceed those rates set forth as being prima facie acceptable in Section
				  6 of this regulation may continue to use such conforming rates.
All extensions, renewals, reissues, replacements, addenda,
				  endorsements or other modifications of existing group credit insurance
				  contracts or forms shall be made to conform to the requirements of these
				  regulations.
The amendments to Sections 3(i), 6(f), 6(g), 10, 10(b), 10(c)
				  are effective when filed.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 52 - CREDIT LIFE AND DISABILITY INSURANCE › Section 52-12 - Severability

Current through July 13, 2024
If any section or portion of a section of these rules or the
				  applicability thereto to any person or circumstance is held invalid, the
				  invalidity shall not affect other provisions or application of these rules and
				  regulations which can be given effect without the valid provision or
				  application, and to these ends the rules are severable.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-1 - Purpose

Current through July 13, 2024
The purpose of this regulation is to prescribe:
(a) Requirements for statements of actuarial
				opinion that are to be submitted in accordance with Wyo. Stat. §
									
										26-6-208, and for memoranda in support
				thereof;
(b) Rules applicable to
				the appointment of an appointed actuary; and
(c) Guidance as to the meaning of "adequacy
				of reserves."
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-2 - Authority

Current through July 13, 2024
This regulation is issued pursuant to the authority vested in
				  the Commissioner of Insurance of the State of Wyoming under Wyo. Stat. §
									§
									
										26-6-208(b),
				  26-2-110 and pursuant to the
				  Wyoming Administrative Procedure Act, Wyo. Stat. §
									
										16-3-101,
et seq
. This
				  regulation will take effect for annual statements for the year
				  2005.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-3 - Scope

Current through July 13, 2024
(a) This regulation shall apply to all life
				insurance companies and fraternal benefit societies doing business in this
				State and to all life insurance companies and fraternal benefit societies that
				are authorized to reinsure life insurance, annuities or accident and health
				insurance business in this State. This regulation shall be applied in a manner
				that allows the appointed actuary to utilize his or her professional judgment
				in performing the asset analysis and developing the actuarial opinion and
				supporting memoranda, consistent with relevant actuarial standards of practice.
				However, the commissioner shall have the authority to specify specific methods
				of actuarial analysis and actuarial assumptions when, in the commissioner's
				judgment, these specifications are necessary for an acceptable opinion to be
				rendered relative to the adequacy of reserves and related items.
(b) This regulation shall be applicable to
				all annual statements filed with the office of the commissioner after the
				effective date of this regulation. A statement of opinion on the adequacy of
				the reserves and related actuarial items based on an asset adequacy analysis in
				accordance with Section 6 of this regulation, and a memorandum in support
				thereof in accordance with Section 7 of this regulation, shall be required each
				year.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-4 - Definitions

Current through July 13, 2024
(a) "Actuarial Opinion" means the opinion of
				an appointed actuary regarding the adequacy of the reserves and related
				actuarial items based on an asset adequacy analysis in accordance with Section
				6 of this regulation and with applicable Actuarial Standards of
				Practice.
(b) "Actuarial Standards
				Board" means the board established by the American Academy of Actuaries to
				develop and promulgate standards of actuarial practice.
(c) "Annual statement" means that statement
				required by Wyo. Stat. §
									
										26-3-123(a) of the Insurance
				Law to be filed by the company with the office of the commissioner
				annually.
(d) "Appointed actuary"
				means an individual who is appointed or retained in accordance with the
				requirements set forth in Section 5(c) of this regulation to provide the
				actuarial opinion and supporting memorandum as required by Wyo. Stat. §
									
										26-6-208.
(e) "Asset adequacy analysis" means an
				analysis that meets the standards and other requirements referred to in Section
				5(d) of this regulation.
(f)
				"Commissioner" means the Insurance Commissioner of this State.
(g) "Company" means a life insurance company,
				fraternal benefit society or reinsurer subject to the provisions of this
				regulation.
(h) "Qualified actuary"
				means an individual who meets the requirements set forth in Section 5(b) of
				this regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-5 - General Requirements

Current through July 13, 2024
(a) Submission of
				Statement of Actuarial Opinion
(i) There is
				to be included on or attached to Page 1 of the annual statement for each year
				beginning with the year in which this regulation becomes effective the
				statement of an appointed actuary, entitled "Statement of Actuarial Opinion,"
				setting forth an opinion relating to reserves and related actuarial items held
				in support of policies and contracts, in accordance with Section 6 of this
				regulation.
(ii) Upon written
				request by the company, the commissioner may grant an extension of the date for
				submission of the statement of actuarial opinion.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-6 - Statement of Actuarial Opinion Based On an Asset Adequacy Analysis

Current through July 13, 2024
(a) General Description. The statement of
				actuarial opinion submitted in accordance with this section shall consist of:
(i) A paragraph identifying the appointed
				actuary and his or her qualifications (see Subsection (b)(i));
(ii) A scope paragraph identifying the
				subjects on which an opinion is to be expressed and describing the scope of the
				appointed actuary's work, including a tabulation delineating the reserves and
				related actuarial items that have been analyzed for asset adequacy and the
				method of analysis, (see Subsection (b)(ii)) and identifying the reserves and
				related actuarial items covered by the opinion that have not been so
				analyzed;
(iii) A reliance
				paragraph describing those areas, if any, where the appointed actuary has
				deferred to other experts in developing data, procedures or assumptions, (e.g.,
				anticipated cash flows from currently owned assets, including variation in cash
				flows according to economic scenarios (see Subsection (b)(iii)), supported by a
				statement of each such expert in the form prescribed by Subsection (e);
				and
(iv) An opinion paragraph
				expressing the appointed actuary's opinion with respect to the adequacy of the
				supporting assets to mature the liabilities (see Subsection (b)(vi)).
(v) One or more additional paragraphs will be
				needed in individual company cases as follows:
(A) If the appointed actuary considers it
				necessary to state a qualification of his or her opinion;
(B) If the appointed actuary must disclose an
				inconsistency in the method of analysis or basis of asset allocation used at
				the prior opinion date with that used for this opinion;
(C) If the appointed actuary must disclose
				whether additional reserves as of the prior opinion date are released as of
				this opinion date, and the extent of the release;
(D) If the appointed actuary chooses to add a
				paragraph briefly describing the assumptions that form the basis for the
				actuarial opinion.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 53 - ACTUARIAL OPINION AND MEMORANDUM REGULATION › Section 53-8 - Severability

Current through July 13, 2024
If any section or portion of a section of this regulation or
				  its applicability to any person or circumstance is held invalid by a court, the
				  remainder of the regulation or the applicability of the provision to other
				  persons or circumstances shall not be affected.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article I - GENERAL PROVISIONS › Section 54-1 - Authority

Current through July 13, 2024
This regulation is promulgated pursuant to Wyoming Statutes
					 §§
										26-2-110,
					 26-2-133, and
					 26-13-101
et
					 seq
.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article I - GENERAL PROVISIONS › Section 54-2 - Applicability

Current through July 13, 2024
(a) This regulation
				  applies to:
(i) Nonpublic personal financial
				  information about individuals who obtain or are claimants or beneficiaries of
				  products or services primarily for personal, family, or household purposes.
				  This regulation does not apply to information about companies or about
				  individuals who obtain products or services for business, commercial, or
				  agricultural purposes; and
(ii) All
				  nonpublic personal health information.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article I - GENERAL PROVISIONS › Section 54-3 - Definitions

Current through July 13, 2024
(a) "Affiliate"
				  means a company that controls, is controlled by, or is under common control
				  with another company.
(b) "Clear
				  and conspicuous" means a notice is reasonably understandable and designed to
				  call attention to the nature and significance of the information contained
				  therein.
(i) A licensee makes its notice
				  reasonably understandable if it:
(A) Presents
				  the information in the notice in clear, concise sentences, paragraphs, and
				  sections;
(B) Uses short
				  explanatory sentences or bullet lists;
(C) Uses definite, concrete, everyday words,
				  and active voice;
(D) Avoids
				  multiple negatives;
(E) Avoids
				  legal and highly technical business terminology; and
(F) Avoids explanations that are imprecise
				  and readily subject to different interpretations.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-4 - Initial Privacy Notice to Consumers Required

Current through July 13, 2024
(a) A licensee
				  shall provide a clear and conspicuous notice that accurately reflects its
				  privacy policies and practices to:
(i) An
				  individual who becomes the licensee's customer, not later than when the
				  licensee establishes a customer relationship. except as provided in subsection
				  4(e) of this section; and
(ii) A
				  consumer, before the licensee discloses any nonpublic personal financial
				  information to any nonaffiliated third party, if the licensee makes a
				  disclosure other than as authorized by sections 15 and 16.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-5 - Annual Privacy Notice to Customers Required

Current through July 13, 2024
(a) Except as
				  indicated below, a licensee shall provide a clear and conspicuous notice to
				  customers that accurately reflects its privacy policies and practices not less
				  than annually during the continuation of the customer relationship. A licensee
				  may define the twelve-consecutive-month period, but the licensee shall apply it
				  to the customer on a consistent basis. A licensee provides an annual notice if
				  it provides notice in each calendar year following the year in which the
				  licensee provided the initial notice.
(b) A licensee is not required to provide an
				  annual notice if:
(i) The licensee only
				  provides nonpublic personal information about its customers to nonaffiliated
				  third parties pursuant to sections 14, 15, and 16; and
(ii) The licensee has not changed its privacy
				  policies and practices relating to the disclosure of nonpublic personal
				  information from those policies and practices that were set forth in the most
				  recent notice sent to customers pursuant to this section or section
				  4.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-6 - Information to be Included in Privacy Notices

Current through July 13, 2024
(a) The initial,
				  annual, and revised privacy notices that a licensee provides under sections 4,
				  5, and 8 shall include each of the following items of information, in addition
				  to any other information the licensee wishes to provide, that applies to the
				  licensee and to the consumers to whom the licensee sends its privacy notice:
(i) The categories of nonpublic personal
				  financial information the licensee collects;
(ii) The categories of nonpublic personal
				  financial information the licensee discloses;
(iii) The categories of affiliates and
				  nonaffiliated third parties to whom the licensee discloses nonpublic personal
				  financial information, other than those parties to whom the licensee discloses
				  information under sections 15 and 16;
(iv) The categories of nonpublic personal
				  financial information about the licensee's former customers the licensee
				  discloses and the categories of affiliates and nonaffiliated third parties to
				  whom the licensee discloses nonpublic personal financial information about the
				  licensee's former customers, other than those parties to whom the licensee
				  discloses information under sections 15 and 16;
(v) If a licensee discloses nonpublic
				  personal financial information to a nonaffiliated third party under section 15
				  (and no other exception in sections 15 and 16 applies to that disclosure), a
				  separate description of the categories of information the licensee discloses
				  and the categories of third parties with whom the licensee has
				  contracted;
(vi) An explanation of
				  the consumer's right under section 11(a) to opt-out of the disclosure of
				  nonpublic personal financial information to nonaffiliated third parties,
				  including the methods by which the consumer may exercise that right at that
				  time;
(vii) Any disclosures the
				  licensee makes under Section 603(d)(2)(A)(iii) of the federal Fair Credit
				  Reporting Act (15 U.S.C.
				  1681a(d)(2)(A)(iii)) (that
				  is, notices regarding the ability to opt-out of disclosures of information
				  among affiliates);
(viii) The
				  licensee's policies and practices with respect to protecting the
				  confidentiality and security of nonpublic personal information; and
(ix) Any disclosure the licensee makes under
				  subsection (b) of this section.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-7 - Form of Opt-Out Notice to Consumers and Opt-Out Methods

Current through July 13, 2024
(a) If a licensee
				  is required to provide an opt-out notice under section 11(a), it shall provide
				  a clear and conspicuous notice to each of its consumers accurately explaining
				  the right to opt-out under that section and stating:
(i) That the licensee discloses or reserves
				  the right to disclose nonpublic personal financial information about its
				  consumer to a nonaffiliated third party;
(ii) That the consumer has the right to
				  opt-out of that disclosure; and
(iii) A reasonable means by which the
				  consumer may exercise the opt-out right.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-8 - Revised Privacy Notices

Current through July 13, 2024
(a) Except as
				  otherwise authorized in this regulation, a licensee shall not, directly or
				  through an affiliate, disclose any nonpublic personal financial information
				  about a consumer to a nonaffiliated third party other than as described in the
				  initial notice that the licensee provided to that consumer under section 4,
				  unless:
(i) The licensee has provided to the
				  consumer a clear and conspicuous revised notice accurately describing its
				  policies and practices;
(ii) The
				  licensee has provided to the consumer a new opt-out notice;
(iii) The licensee has given the consumer a
				  reasonable opportunity, before the licensee discloses the information to the
				  nonaffiliated third party, to opt-out of the disclosure; and
(iv) The consumer does not opt-out.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-9 - Privacy Notices to Group Policyholders

Current through July 13, 2024
Unless a licensee is providing privacy notices directly to
					 covered individuals described in section 3(e)(v)(A), (B), or (C), a licensee
					 shall provide initial, annual, and revised notices to the plan sponsor, group
					 or blanket insurance policyholder or group annuity contract holder, or workers'
					 compensation policyholder, in the manner described in sections 4, 5, and 8 of
					 this regulation, describing the licensee's privacy practices with respect to
					 nonpublic personal information about individuals covered under the policies,
					 contracts, or plans.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article II - PRIVACY AND OPT-OUT NOTICES FOR FINANCIAL INFORMATION › Section 54-10 - Delivery

Current through July 13, 2024
(a) A licensee
				  shall provide any notices this regulation requires so that each consumer can
				  reasonably be expected to receive actual notice in writing or, if the consumer
				  agrees, electronically.
(b) A
				  licensee may reasonably expect a consumer will receive actual notice if the
				  licensee:
(i) Hand-delivers a printed copy of
				  the notice to the consumer;
(ii)
				  Mails a printed copy of the notice to the last known address of the consumer
				  separately, or in a policy, billing, or other written communication;
(iii) Posts the notice on the electronic site
				  and requires the consumer to acknowledge receipt of the notice as a necessary
				  step to obtaining a particular insurance product or service; or
(iv) For an isolated transaction with a
				  consumer, such as the licensee providing an insurance quote or selling the
				  consumer travel insurance, posts the notice and requires the consumer to
				  acknowledge receipt of the notice as a necessary step to obtaining the
				  particular insurance product or service.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article III - LIMITS ON DISCLOSURES OF FINANCIAL INFORMATION › Section 54-11 - Limits on Disclosure of Nonpublic Personal Financial Information to Nonaffiliated Third Parties

Current through July 13, 2024
(a) A licensee may
				  not, directly or through any affiliate, disclose any nonpublic personal
				  financial information about a consumer to a nonaffiliated third party unless:
(i) The licensee has provided to the consumer
				  an initial notice as required under section 4;
(ii) The licensee has provided to the
				  consumer an opt-out notice as required in section 7;
(iii) The licensee has given the consumer a
				  reasonable opportunity, before it discloses the information to the
				  nonaffiliated third party, to opt-out of the disclosure; and
(iv) The consumer does not opt-out.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article III - LIMITS ON DISCLOSURES OF FINANCIAL INFORMATION › Section 54-12 - Limits on Re-disclosure and Reuse of Nonpublic Personal Financial Information

Current through July 13, 2024
(a) If a licensee
				  receives nonpublic personal financial information from a nonaffiliated
				  financial institution under an exception in this regulation, the licensee's
				  disclosure and use of that information is limited as follows. The licensee may
				  disclose:
(i) Information to affiliates of the
				  financial institution from which the licensee received the
				  information;
(ii) Information to
				  its affiliates, but the licensee's affiliates may, in turn, disclose and use
				  the information only to the extent that the licensee may disclose and use the
				  information; and
(iii) Information
				  pursuant to an exception in this regulation, in the ordinary course of business
				  to carry out the activity covered by the exception under which the licensee
				  received the information.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article III - LIMITS ON DISCLOSURES OF FINANCIAL INFORMATION › Section 54-13 - Limits on Sharing Account Number Information for Marketing Purposes

Current through July 13, 2024
(a) A licensee
				  shall not, directly or through an affiliate, disclose, other than to a consumer
				  reporting agency, a policy number or similar form of access number or access
				  code for a consumer's policy or transaction account to any nonaffiliated third
				  party for use in telemarketing, direct mail marketing, or other marketing
				  through electronic mail to the consumer.
(b) Section 13(a) does not apply if a
				  licensee discloses a policy number or similar form of access number or access
				  code:
(i) To the licensee's service provider
				  solely to perform marketing for the licensee's own products or services, as
				  long as the service provider is not authorized to directly initiate charges to
				  the account;
(ii) To a licensee who
				  is a producer solely to perform marketing for the licensee's own products or
				  services; or
(iii) To a participant
				  in an affinity or similar program where the participants in the program are
				  identified to the customer when the customer enters into the program.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article IV - EXCEPTIONS TO LIMITS ON DISCLOSURES OF FINANCIAL INFORMATION › Section 54-14 - Exception to Opt-Out Requirements for Disclosure of Nonpublic Personal Financial Information for Service Providers and Joint Marketing

Current through July 13, 2024
(a) The opt-out
				  requirements in sections 7 and 11 do not apply when a licensee provides
				  nonpublic personal financial information to a nonaffiliated third party to
				  perform services for the licensee or functions on the licensee's behalf, if the
				  licensee:
(i) Provides the initial notice in
				  accordance with section 4; and
(ii)
				  Enters into a contractual agreement with the third party prohibiting the third
				  party from disclosing or using the information other than to carry out the
				  purposes for which the licensee disclosed the information, including use under
				  an exception in the ordinary course of business to carry out those purposes.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article IV - EXCEPTIONS TO LIMITS ON DISCLOSURES OF FINANCIAL INFORMATION › Section 54-15 - Exceptions to Notice and Opt-Out Requirements for Disclosure of Nonpublic Personal Financial Information for Processing and Servicing Transactions

Current through July 13, 2024
(a) The
				  requirements for initial notice in section 4(a), the opt-out in sections 7 and
				  11, and service providers and joint marketing in section 14 do not apply if the
				  licensee discloses nonpublic personal financial information as necessary to
				  effect, administer, or enforce a transaction a consumer requests or authorizes,
				  or in connection with:
(i) Servicing or
				  processing an insurance product or service a consumer requests or
				  authorizes;
(ii) Maintaining or
				  servicing the consumer's account with a licensee, or with another entity as
				  part of a private label credit card program or other extension of credit on
				  behalf of such entity;
(iii) A
				  proposed or actual securitization, secondary market sale (including sales of
				  servicing rights), or similar transaction related to a transaction of the
				  consumer; or
(iv) Reinsurance, stop
				  loss, or excess loss insurance.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article IV - EXCEPTIONS TO LIMITS ON DISCLOSURES OF FINANCIAL INFORMATION › Section 54-16 - Other Exceptions to Notice and Opt-Out Requirements for Disclosure of Nonpublic Personal Financial Information

Current through July 13, 2024
(a) The
				  requirements for initial notice to consumers in section 4(a), the opt-out in
				  sections 7 and 11, and service providers and joint marketing in section 14 do
				  not apply when a licensee discloses nonpublic personal financial information:
(i) With the consent or at the direction of
				  the consumer, provided the consumer has not revoked the consent or direction:
(A) To protect the confidentiality or
				  security of a licensee's records pertaining to the consumer, service, product,
				  or transaction;
(B) To protect
				  against or prevent actual or potential fraud or unauthorized
				  transactions;
(C) For required
				  institutional risk control or for resolving consumer disputes or
				  inquiries;
(D) To persons holding a
				  legal or beneficial interest relating to the consumer; or
(E) To persons acting in a fiduciary or
				  representative capacity on behalf of the consumer.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article V - RULES FOR HEALTH INFORMATION › Section 54-17 - When Authorization Required for Disclosure of Nonpublic Personal Health Information

Current through July 13, 2024
(a) A licensee
				  shall not disclose nonpublic personal health information about a consumer or
				  customer unless an authorization is obtained from the consumer or customer
				  whose nonpublic personal health information is sought to be
				  disclosed.
(b) Nothing in this
				  section shall prohibit, restrict, or require an authorization for the
				  disclosure of nonpublic personal health information by a licensee for
				  performance of insurance functions by or on behalf of the licensee: claims
				  administration; claims adjustment and management; detection, investigation or
				  reporting of actual and potential fraud, misrepresentation or criminal
				  activity; underwriting; policy placement or issuance; loss control; ratemaking
				  and guaranty fund functions; reinsurance and excess loss insurance; risk
				  management; case management; disease management; quality assurance; quality
				  improvement; performance evaluation; provider credentialing verification;
				  utilization review; peer review activities; actuarial, scientific, medical or
				  public policy research; grievance procedures; internal administration of
				  compliance, managerial, and information systems; policyholder service
				  functions; auditing; reporting; database security; administration of consumer
				  disputes and inquiries; external accreditation standards; the replacement of a
				  group benefit plan or workers compensation policy or program; activities in
				  connection with a sale, merger, transfer or exchange of all or part of a
				  business or operating unit; any activity that permits disclosure without
				  authorization pursuant to the federal Health Insurance Portability and
				  Accountability Act privacy rules promulgated by the U.S. Department of Health
				  and Human Services; disclosure that is required, or is one of the lawful or
				  appropriate methods, to enforce the licensee's rights or the rights of other
				  persons engaged in carrying out a transaction or providing a product or service
				  that a consumer requests or authorizes; and any activity otherwise permitted by
				  law, required pursuant to governmental reporting authority or to comply with
				  legal process. Health information may be shared by affiliates for the specific
				  purpose of processing claims. Additional insurance functions may be added with
				  approval of the Commissioner to the extent they are necessary for appropriate
				  performance of insurance functions and are fair and reasonable to the interest
				  of consumers.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article V - RULES FOR HEALTH INFORMATION › Section 54-18 - Authorizations

Current through July 13, 2024
(a) A valid
				  authorization to disclose nonpublic personal health information pursuant to
				  this Article V shall be in written or electronic form and shall contain all of
				  the following:
(i) The identity of the
				  consumer or customer who is the subject of the nonpublic personal health
				  information; and
(ii) A general
				  description of the types of nonpublic personal health information to be
				  disclosed.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article V - RULES FOR HEALTH INFORMATION › Section 54-19 - Authorization Request Delivery

Current through July 13, 2024
A request for authorization and an authorization form may
					 be delivered to a consumer or a customer as part of an opt-out notice pursuant
					 to section 10, provided the request and authorization form are clear and
					 conspicuous. An authorization form is not required to be delivered to the
					 consumer or customer or included in any other notices unless the licensee
					 intends to disclose protected health information pursuant to section 17.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article VI - SAFEGUARDING CUSTOMER INFORMATION › Section 54-20 - Information Security Program

Current through July 13, 2024
Each licensee shall implement a comprehensive written
					 information security program that includes administrative, technical, and
					 physical safeguards for protecting customer information. The information
					 security program shall be appropriate to the size and complexity of the
					 licensee and the nature and scope of its activities.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article VI - SAFEGUARDING CUSTOMER INFORMATION › Section 54-21 - Objectives of Information Security Program

Current through July 13, 2024
(a) A licensee's
				  information security program shall be designed to:
(i) Ensure the security and confidentiality
				  of customer information;
(ii)
				  Protect against any anticipated threats or hazards to the security or integrity
				  of the information; and
(iii)
				  Protect against unauthorized access to or use of the information that could
				  result in substantial harm or inconvenience to any customer.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article VI - SAFEGUARDING CUSTOMER INFORMATION › Section 54-22 - Methods of Development and Implementation

Current through July 13, 2024
(a) In assessing
				  the risk, the licensee:
(i) Identifies
				  reasonably foreseeable internal or external threats that could result in
				  unauthorized disclosure, misuse, alteration, or destruction of customer
				  information or customer information systems;
(ii) Assesses the likelihood and potential
				  damage of these threats, taking into consideration the sensitivity of customer
				  information; and
(iii) Assesses the
				  sufficiency of policies, procedures, customer information systems, and other
				  safeguards in place to control risks.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article VII - ADDITIONAL PROVISIONS › Section 54-23 - Protection of Fair Credit Reporting Act

Current through July 13, 2024
Nothing in this regulation shall be construed to modify,
					 limit, or supersede the operation of the federal Fair Credit Reporting Act
					 (15 U.S.C.
					 1681 et seq.).
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article VII - ADDITIONAL PROVISIONS › Section 54-24 - Nondiscrimination

Current through July 13, 2024
(a) A licensee
				  shall not unfairly discriminate against any consumer or customer who has
				  opted-out from the disclosure of his nonpublic personal financial information
				  pursuant to this regulation.
(b) A
				  licensee shall not unfairly discriminate against a consumer or customer who has
				  not granted authorization for the disclosure of his nonpublic personal health
				  information pursuant to this regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 54 - PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION AND STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Article VII - ADDITIONAL PROVISIONS › Section 54-25 - Effective Date

Current through July 13, 2024
This regulation shall be effective upon filing with the
					 Secretary of State.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-1 - Purpose and Scope

Current through July 13, 2024
(a) This regulation
				establishes standards for developing and implementing administrative, technical
				and physical safeguards to protect the security, confidentiality and integrity
				of customer information, pursuant to Sections 501, 505(b), and 507 of the
				Gramm-Leach-Bliley Act, codified at
				15 U.S.C. §
										§
										6801, 6805(b) and 6807 and authorized
				by W.S. §
									
										26-2-133.
(b) Section 501(a) provides that it is the
				policy of the Congress that each financial institution has an affirmative and
				continuing obligation to respect the privacy of its customers and to protect
				the security and confidentiality of those customers' nonpublic personal
				information. Section 501(b) requires the state insurance regulatory authorities
				to establish appropriate standards relating to administrative, technical and
				physical safeguards:
(1) to ensure the
				security and confidentiality of customer records and information;
(2) to protect against any anticipated
				threats or hazards to the security or integrity of such records; and
(3) to protect against unauthorized access to
				or use of records or information that could result in substantial harm or
				inconvenience to a customer.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-2 - Definitions

Current through July 13, 2024
For purposes of this regulation, the following definitions
				  apply:
(a) "Customer" means a customer
				of the licensee as the term customer is defined in Wyoming Insurance Department
				Regulations, Chapter 54 § 4(i).
(b) "Customer information" means nonpublic
				personal information as defined in Wyoming Insurance Department Regulations,
				Chapter 54 § 4(s) about a customer, whether in paper, electronic or other
				form, that is maintained by or on behalf of the licensee.
(c) "Customer information systems" means the
				electronic or physical methods used to access, collect, store, use, transmit,
				protect or dispose of customer information.
(d) "Licensee" means a licensee as that term
				is defined in Wyoming Insurance Department Regulations, Chapter 54 §
				4(q)(i), except that "licensee" shall not include: a purchasing group; or an
				unauthorized insurer in regard to the surplus line business conducted pursuant
				to W.S. §
									
										26-11-101 et seq.
(e) "Service provider" means a person that
				maintains, processes or otherwise is permitted access to customer information
				through its provision of services directly to the licensee.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-3 - Information Security Program

Current through July 13, 2024
Each licensee shall implement a comprehensive written
				  information security program that includes administrative, technical and
				  physical safeguards for the protection of customer information. The
				  administrative, technical and physical safeguards included in the information
				  security program shall be appropriate to the size and complexity of the
				  licensee and the nature and scope of its activities.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-4 - Objectives of Information Security Program

Current through July 13, 2024
A licensee's information security program shall be designed
				  to:
(a) Ensure the security and
				confidentiality of customer information;
(b) Protect against any anticipated threats
				or hazards to the security or integrity of the information; and
(c) Protect against unauthorized access to or
				use of the information that could result in substantial harm or inconvenience
				to any customer.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-5 - Examples of Methods of Development and Implementation

Current through July 13, 2024
The actions and procedures described in Sections 6 through 9
				  of this regulation are examples of methods of implementation of the
				  requirements of Sections 3 and 4 of this regulation. These examples are
				  non-exclusive illustrations of actions and procedures that licensees may follow
				  to implement Sections 3 and 4 of this regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-6 - Assess Risk

Current through July 13, 2024
The licensee:
(a)
				Identifies reasonably foreseeable internal or external threats that could
				result in unauthorized disclosure, misuse, alteration or destruction of
				customer information or customer information systems;
(b) Assesses the likelihood and potential
				damage of these threats, taking into consideration the sensitivity of customer
				information; and
(c) Assesses the
				sufficiency of policies, procedures, customer information systems and other
				safeguards in place to control risks.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-7 - Manage and Control Risk

Current through July 13, 2024
The licensee:
(a)
				Designs its information security program to control the identified risks,
				commensurate with the sensitivity of the information, as well as the complexity
				and scope of the licensee's activities;
(b) Trains staff, as appropriate, to
				implement the licensee's information security program; and
(c) Regularly tests or otherwise regularly
				monitors the key controls, systems and procedures of the information security
				program. The frequency and nature of these tests or other monitoring practices
				are determined by the licensee's risk assessment.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 55 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 55-8 - Oversee Service Provider Arrangements

Current through July 13, 2024
The licensee:
(a)
				Exercises appropriate due diligence in selecting its service providers;
				and
(b) Requires its service
				providers to implement appropriate measures designed to meet the objectives of
				this regulation, and, where indicated by the licensee's risk assessment, takes
				appropriate steps to confirm that its service providers have satisfied these
				obligations.