reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 16 - REGULATION GOVERNING INSURANCE COMPANY APPOINTMENTS OF PRODUCERS › Section 16-2 - Definitions

Current through July 13, 2024
(a)
"
Appointment" means a
				notification filed with the insurance department that an insurer has
				established an agency relationship with a producer.
(b) "Appointment continuation" means
				continuation of a company's existing appointment based on payment of the
				required fee without submission of an appointment form.
(c) For purposes of this regulation,
				"producer" means insurance producer as defined by W.S. §
									
										26-1-102(xxxv), and includes
				title agents as defined in W.S. §
									
										26-23-303(a)(xix).
(d) "Termination for cause" means an insurer
				has ended its agency relationship with a producer for one of the reasons set
				forth in W.S. §
									
										26-9-211(a) or that the
				producer has been found by a court, governmental body or self-regulatory
				organization authorized by law to have engaged in any of the activities set
				forth in W.S. §
									
										26-9-211(a).
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 16 - REGULATION GOVERNING INSURANCE COMPANY APPOINTMENTS OF PRODUCERS › Section 16-3 - Producer Appointment

Current through July 13, 2024
(a) Prior to submitting a notice of
				appointment, the appointing insurer shall verify that the producer is licensed
				and qualified to sell all products the producer sells for that
				insurer.
(b) Each insurer
				appointing a title agent in Wyoming shall, at the time the request for title
				agent license is submitted, file with the commissioner a notice of producer
				appointment in a form acceptable to the commissioner.
(c) An insurer may file a notice of
				appointment electronically by accessing links to vendors through the
				Department's website. If an insurer cannot file a request electronically, then
				the insurer may file a paper form.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 16 - REGULATION GOVERNING INSURANCE COMPANY APPOINTMENTS OF PRODUCERS › Section 16-4 - Continuation and Termination

Current through July 13, 2024
(a) Annually, each insurer will receive
				notice of the amount owed for continuation of appointments pursuant to W.S.
				§§
									
										26-9-213(e) and
				26-4-101(a). The
				amount owed may not be altered or amended. Annually, on or before March 31,
				each insurer shall pay the amount owed for the continuation of appointment fee.
				Failure to pay the amount owed for the continuation of appointment fee on or
				before March 31 as required shall result in the termination of the insurer's
				producer appointments.
(b) Each
				insurer terminating a producer appointment for any reason shall file with the
				commissioner a notice of producer appointment termination. The notice of
				termination should be filed electronically by accessing links to the vendors
				through the department's website. An insurer may file a paper form if they
				cannot file electronically.
(c) If
				any insurer terminates a producer appointment for cause, it must submit a
				completed Termination for Cause form and supporting documentation in accordance
				with W.S. §
									
										26-9-214.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 16 - REGULATION GOVERNING INSURANCE COMPANY APPOINTMENTS OF PRODUCERS › Section 16-6 - Continuation and Termination

Current through July 13, 2024
(a) Annually, prior
				to March 31, the commissioner will generate and deliver to each insurer an
				invoice and will include a list of all active appointments to be continued. The
				invoice may not be altered, amended or used for appointing or terminating
				producers. Annually, on or before March 31, each insurer shall return to the
				commissioner the invoice accompanied by payment of the annual continuation of
				appointment fee as specified in Wyo. Stat. §
									
										26-4-101. Failure to submit the proper
				continuation of appointment fee on or before March 31 as required shall result
				in the termination of the insurer's producer appointments.
(b) Each insurer terminating a producer
				appointment for any reason shall file with the commissioner a notice of
				producer appointment termination in a form acceptable to the commissioner. An
				insurer may file a notice of termination electronically by accessing links to
				the vendors through the department's website at
http://insurance.state.wy.us
.
				If an insurer cannot file a request electronically, then the insurer may file a
				paper form.
(c) If any insurer
				terminates a producer appointment for cause, the insurer must submit a
				completed Termination for Cause form and written documentation in accordance
				with Wyo. Stat. §
									
										26-9-214.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 16 - REGULATION GOVERNING INSURANCE COMPANY APPOINTMENTS OF PRODUCERS › Section 16-7 - Separability

Current through July 13, 2024
If any provision of these rules and regulations or
				  application thereof to any person or circumstance is for any reason held to be
				  invalid, the remainder of these rules and regulations and the application
				  thereof to other persons and circumstances shall not be affected
				  thereby.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-1 - Authority

Current through July 13, 2024
This rule is promulgated by the Commissioner of Insurance
				  pursuant to
				  W.S.
				  26-6-206 and W.S.
				  W.S.
				  26-2-110 of the Wyoming Insurance Code and
				  the Wyoming Administrative Procedure Act.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-2 - Purpose

Current through July 13, 2024
The purpose of this rule is to recognize the following
				  mortality tables for use in determining the minimum standard of valuation for
				  annuity and pure endowment contracts: the 1983 Table "a," the 1983 Group
				  Annuity Mortality (1983 GAM) Table, the 2012 Individual Annuity Reserving (2012
				  IAR) Table, and the 1994 Group Annuity Reserving (1994 GAR)
				  Table.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-3 - Definitions

Current through July 13, 2024
(a) As used in this rule "1983 Table 'a'"
				means that mortality table developed by the Society of Actuaries Committee to
				Recommend a New Mortality Basis for Individual Annuity Valuation and adopted as
				a recognized mortality table for annuities in June 1982 by the National
				Association of Insurance Commissioners. [See
1982 Proceedings of the
				NAICII
, page 454.]
(b) As
				used in this rule "1983 GAM Table" means that mortality table developed by the
				Society of Actuaries Committee on Annuities and adopted as a recognized
				mortality table for annuities in December 1983 by the National Association of
				Insurance Commissioners. [See
1984 Proceedings of the NAIC I
,
				pages 414 to 415.]
(c) As used in
				this rule "1994 GAR Table" means that mortality table developed by the Society
				of Actuaries Group Annuity Valuation Table Task Force and shown on pages
				866-867 of Volume XL VII of the
Transactions of the Society of
				Actuaries
(1995).
(d) As
				used in this rule, "Period table" means a table of mortality rates applicable
				to a given calendar year (the Period).
(e) As used in this rule, "Generational
				mortality table" means a mortality table containing a set of mortality rates
				that decrease for a given age from one year to the next based on a combination
				of a Period table and a projection scale containing rates of mortality
				improvement.
(f) As used in this
				rule "2012 IAR Table" means that Generational mortality table developed by the
				Society of Actuaries Committee on Life Insurance Research and containing rates,
				qx2012+n, derived from a
				combination of the 2012 IAM Period Table and Projection Scale G2, using the
				methodology stated in Section 5.
(g) As used in this rule, 2012 Individual
				Annuity Mortality Period Life (2012 IAM Period) Table means the Period table
				containing loaded mortality rates for calendar year 2012. This table contains
				rates, qx2012, developed by
				the Society of Actuaries Committee on Life Insurance Research and is shown in
				Appendices 1-2.
(h) As used in this
				rule, Projection Scale G2 (Scale G2) is a table of annual rates,
				G2x, of mortality improvement by age for projecting
				future mortality rates beyond calendar year 2012. This table was developed by
				the Society of Actuaries Committee on Life Insurance Research and is shown in
				Appendices 3-4.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-4 - Individual Annuity or Pure Endowment Contracts

Current through July 13, 2024
(a) Except
				as provided in Subsections B and C of this section, the 1983 Table a is
				recognized and approved as an individual annuity mortality table for valuation
				and, at the option of the company, may be used for purposes of determining the
				minimum standard of valuation for any individual annuity or pure endowment
				contract issued on or May 20, 1981.
(b) Except as provided in Subsection C of
				this section, the 1983 Table a shall be used for determining the minimum
				standard of valuation for any individual annuity or pure endowment contract
				issued on or after October 18, 1985.
(c) Except as provided in Subsection D of
				this section, the 2012 IAR Mortality Table shall be used for determining the
				minimum standard of valuation for any individual annuity or pure endowment
				contract issued on or after January 1, 2015.
(d) The 1983 Table a without projection is to
				be used for determining the minimum standards of valuation for an individual
				annuity or pure endowment contract issued on or after January 1, 2015, solely
				when the contract is based on life contingencies and is issued to fund periodic
				benefits arising from:
(i) Settlements of
				various forms of claims pertaining to court settlements or out of court
				settlements from tort actions;
(ii)
				Settlements involving similar actions such as workers compensation claims;
				or
(iii) Settlements of long term
				disability claims where a temporary or life annuity has been used in lieu of
				continuing disability payments.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-5 - Application of the 2012 IAR Mortality Table

Current through July 13, 2024
In using the 2012 IAR Mortality Table, the mortality rate for
				  a person age x in year (2012 + n) is calculated as follows:
Click to View
				  Image
The resulting q x
									2012+n shall be rounded to three
				  decimal places per 1,000 , e.g., 0.741 deaths per 1,000. Also, the rounding
				  shall occur a ccording to the formula above, starting at the 2012 period table
				  rate.
For example, for a male age 30,
				  qx2012 = 0.741.
qx
									2013= 0.741 * (1 - 0.010) ^ 1 =
				  0.73359, which is rounded to 0.734.
qx
									2014= 0.741 * (1 - 0.010) ^ 2 =
				  0.7262541, which is rounded to 0.726.
A method leading to incorrect rounding would be to calculate
				  qx
									2014 as qx
									2013 * (1 - 0.010), or
0.734 * 0.99 = 0.727. It is incorrect to use the already
				  rounded qx
									2013 to calculate
				  qx
									2014.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-6 - Group Annuity or Pure Endowment Contracts

Current through July 13, 2024
(a) Except as
				provided in Subsections B and C of this section, the 1983 GAM Table and the
				1983 Table "a" are recognized and approved as group annuity mortality tables
				for valuation and, at the option of the company, any one of these tables may be
				used for purposes of valuation for an annuity or pure endowment purchased on or
				after May 1, 1981 under a group annuity or pure endowment contract.
(b) Except as provided in Subsection C of
				this section, the 1983 GAM Table shall be used for determining the minimum
				standard of valuation for any annuity or pure endowment purchased on or after
				December 31, 1996 under a group annuity or pure endowment contract.
(c) The 1994 GAR Table is recognized and
				approved as group annuity mortality tables for valuation and shall be used for
				determining the minimum standard of valuation for any annuity or pure endowment
				purchased on or after January 1, 2015 under a group annuity or pure endowment
				contract.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-7 - Application of the 1994 GAR Table

Current through July 13, 2024
In using the 1994 GAR Table, the mortality rate for a person
				  age x in year (1994 + n) is calculated as follows:
Click to View
				  Image
where the
qx1994 and
				  AAX
are as specified in the 1994 GAR
				  Table.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 17 - MORTALITY TABLES › Section 17-8 - Severability

Current through July 13, 2024
If any provision of this rule or its application to any
				  person or circumstances is for any reason held to be invalid, the remainder of
				  the regulation and the application of its provisions 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 18 - REGULATION GOVERNING CONSULTANTS › Section 18-1 - Authority

Current through July 13, 2024
These regulations governing consultants are promulgated by
				  the authority of and pursuant to the Wyoming Administrative Procedure Act, W.S.
				  §§
									
										16-3-101 through
				  16-3-115, W.S. §
									
										26-2-110, W.S. §
									
										26-9-217 and W.S. §
									
										26-9-220.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 18 - REGULATION GOVERNING CONSULTANTS › Section 18-2 - Definitions

Current through July 13, 2024
(a) As used in these regulations "Consultant"
				means any person who, for a fee, engages in the business of offering to another
				person any advice, counsel, opinion or service with respect to insurance needs,
				insurance risks, or concerning the benefits, coverages or provisions under any
				policy of insurance that could be issued in this state, or involving the
				advantages or disadvantages of any such policy of insurance, or any formal plan
				of managing pure risk and is not compensated by an insurer, or insurance
				producer for the advice given.
(i)
				Consultants as defined in this section shall include:
(A) A public adjustor or
(B) Any other person who, for compensation as
				an independent contractor, or as the employee of an independent contractor, or
				for fee or commission, on behalf of the insured investigates and negotiates
				settlement of claims arising under insurance contracts or who is engaged in the
				business of advising insureds with respect to the benefits or advantages
				promised under insurance contracts that could be or have been issued in this
				state.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 18 - REGULATION GOVERNING CONSULTANTS › Section 18-3 - Qualifications

Current through July 13, 2024
(a) In addition to the requirements contained
				in W.S. §
									
										26-9-220, to be licensed as a consultant the
				applicant shall:
(i) Be at least 18 years
				old;
(ii) Be a resident of Wyoming
				or of another state which permits residents of Wyoming to act as consultants in
				that state;
(iii) Not have
				committed any act that is grounds for denial, suspension or revocation set
				forth in W.S. §
										
											26-9-211; and
(iv) Have and maintain an office accessible
				to the public and keep therein the usual and customary records pertaining to
				transactions under the license except that this provision does not prohibit
				maintenance of the office in the licensee's home.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 18 - REGULATION GOVERNING CONSULTANTS › Section 18-5 - Exclusions

Current through July 13, 2024
The following are not included in the definition of a
				  consultant:
(a) An attorney at law who
				is licensed to practice in this state; and
(b) Any licensed agent or broker who gives
				advice incidental to the normal course of the agent's or broker's insurance
				business and does not charge a fee other than commissions received from the
				insurance written.
(c) Any person
				who gives incidental advice in the normal course of a business or professional
				activity, other than insurance consulting, if neither that person nor that
				person's employer receives compensation, direct or indirect, on account of any
				insurance transaction that results from that advice.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 18 - REGULATION GOVERNING CONSULTANTS › Section 18-6 - Qualifications

Current through July 13, 2024
(a) To be licensed as a consultant the
				applicant shall:
(i) Be an adult;
(ii) Be a resident of Wyoming or of another
				state which permits residents of Wyoming to act as consultants in that
				state;
(iii) Be trustworthy and of
				good reputation;
(iv) Pass any
				written examination required for a consultant's license under Chapter 9 of the
				Wyoming Insurance Code; and
(v)
				Have and maintain an office accessible to the public and keep therein the usual
				and customary records pertaining to transactions under the license except that
				this provision does not prohibit maintenance of the office in the licensee's
				home.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 18 - REGULATION GOVERNING CONSULTANTS › Section 18-7 - Revocation of License and Penalties

Current through July 13, 2024
The commissioner upon ten day's written notice to the
				  licensee by registered mail stating the contemplated action and the grounds
				  therefore, and upon reasonable opportunity to be heard, may revoke or suspend
				  any consultant's license or impose a fine as set forth in
				  W.S.
				  26-1-107 if he finds that:
(a) The licensee has failed to pay the annual
				license fee;
(b) The licensee,
				either knowingly or without the exercise of due care to prevent the same, has
				violated any provision of these rules and regulations or any order lawfully
				made pursuant to and within the authority of these rules and regulations and
				the Wyoming Insurance Code W.S. W.S.
				W.S.
				26-1-101, et seq.; and
(c) Any fact or condition exists at the time
				of the proposed revocation which, if it had existed at the time of the original
				application for such license, clearly would have justified the commissioner in
				refusing originally to issue such license.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 18 - REGULATION GOVERNING CONSULTANTS › Section 18-8 - Severability

Current through July 13, 2024
If any provision of these rules and regulations or the
				  application thereof to any person or circumstance is for any reason held to be
				  invalid, the remainder of these rules and regulations and the application of
				  such provision to other persons and circumstances shall not be affected
				  thereby.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-1 - Authority

Current through July 13, 2024
These regulations are promulgated pursuant to W.S.
				  §§
									
										16-3-101
et seq
.,
				  
										26-2-110, and
				  26-13-101
et
				  seq.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-2 - Definitions

Current through July 13, 2024
For the purpose of these regulations, the following
				  definitions shall apply:
(a) "Insurer"
				includes an insurance company and any person authorized to represent the
				insurer with respect to a claim who is acting within the scope of the person's
				authority.
(b) "Non-Original
				Equipment Manufacturer" (Non-OEM) means any manufacturer other than the
				original equipment manufacturer of the part. "Part" means parts which generally
				constitute the exterior of a motor vehicle, including inner and outer panels.
				"Part" does not mean tires, windshields, or windows.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-3 - Identification

Current through July 13, 2024
No insurer shall directly or indirectly require the use of
				  any non-OEM part that does not carry sufficient permanent identification so as
				  to identify its manufacturer. Such identification shall be accessible to the
				  extent possible after installation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-4 - Like Kind and Quality

Current through July 13, 2024
No insurer shall directly or indirectly require the use of
				  any non-OEM part unless the non-OEM part is at least equal in quality to the
				  original part in terms of fit and performance. The cost of any modifications
				  which may become necessary when making the repair shall be considered as a
				  factor in determining the quality of the non-OEM part.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-5 - Consent

Current through July 13, 2024
(a) No insurer shall directly or indirectly
				require the use of non-OEM parts nor shall any insurer accept any estimate or
				authorize any repair unless the consumer is advised that he or she is not
				required to accept non-OEM parts in the repair of the vehicle and consents in
				writing to the use of those parts before repairs are made.
(b) No insurer shall directly or indirectly
				require the consumer to pay any difference in price if the consumer elects to
				use OEM parts in the repair of the vehicle.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-6 - Disclosure

Current through July 13, 2024
The insurer must disclose to the claimant in writing, either
				  on the estimate or on a separate document attached to the estimate, the
				  following information in no smaller print than 10 point type:
THIS ESTIMATE HAS BEEN PREPARED BASED ON THE USE OF
				  AUTOMOBILE PARTS NOT MADE BY THE ORIGINAL MANUFACTURER. PARTS USED IN THE
				  REPAIR OF YOUR VEHICLE BY OTHER THAN THE ORIGINAL MANUFACTURER ARE REQUIRED TO
				  BE AT LEAST OF EQUAL QUALITY IN TERMS OF FIT AND PERFORMANCE TO THE ORIGINAL
				  MANUFACTURER PARTS THEY ARE REPLACING.
(a) All Non-OEM parts to be installed on the
				vehicle shall be clearly identified on the estimate of such repair.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-8 - Violations

Current through July 13, 2024
Any individual, firm or corporation who shall violate any of
				  the provisions of these After Market Parts Regulations shall be punishable in
				  accordance with
				  W.S.
				  26-1-107.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 19 - AFTER MARKET PARTS REGULATION › Section 19-9 - Severability

Current through July 13, 2024
If any section or portion of a section of this regulation, or
				  the applicability thereof to any person or circumstance is held invalid by a
				  court, the remainder of this regulation, or the applicability of such provision
				  to a person shall not be affected thereby.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-2 - Definitions

Current through July 13, 2024
Terms used in this Chapter have the following
				  meanings:
(a) "Certificate of
				completion" means a document signed by the instructor (or other designated
				person) of a certified course which signifies satisfactory completion of the
				course and reflects hours of credit earned.
(b) "Certified course" means an educational
				presentation offered in a class, seminar, independent study, or similar form of
				instruction involving insurance fundamentals, insurance-related law, insurance
				policies, claims and coverages, insurance needs and product changes, insurance
				risk management, etc., which is approved by the commissioner pursuant to
				Section
				9 of this Regulation.
(c) "Classroom" means an organized setting
				where a group of persons are physically located and instructed.
(d) "Contact hours" means the number of hours
				of instruction or participation in the classroom, webinar, or self-study
				program.
(e) "Ethics" means
				instruction in the customs among members of the insurance profession involving
				their moral and professional duties toward one another, toward clients, toward
				insureds, and toward insurers. It may include, but is not limited to, fiduciary
				responsibility, commingling funds, paying and accepting commissions, unfair
				claims practices, professionalism, policy replacement consideration, handling
				or supervising the affairs or funds of another and conflicts of
				interest.
(f) "Good cause" means
				reasons for not timely complying with the requirements of this regulation
				including disability, death of an immediate family member, natural disaster or
				other extenuating circumstances.
(g) "Licensee" means persons who are required
				to be licensed under the Wyoming insurance code including resident insurance
				producers, title agents, adjusters, and designated Wyoming home state
				non-resident adjusters.
(h)
				"Carry-over credit hour" means a credit hour earned during the one hundred
				twenty (120) days before the licensing continuation date in excess of the
				twenty-four (24) hours of continuing education required per two (2) year
				licensing period, which may be applied to the next continuing education period.
				Any carry-over credit hours may not count as ethics hours.
(i) "Disinterested third party" means someone
				who is not:
(i) A minor;
(ii) A relative of the licensee;
(iii) An immediate supervisor or subordinate
				of the licensee; or
(iv) A person
				with an economic or other interest in ensuring the successful outcome of a
				competency examination.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-3 - Basic Requirement

Current through July 13, 2024
Licensees shall complete twenty-four (24) contact hours of
				  continuing education within each two (2) year licensing period. Of the
				  twenty-four (24) required hours, at least three (3) shall be approved ethics
				  hours. Licensees may be allowed up to twelve (12) carry-over credit hours to
				  count toward their twenty-four (24) hours of required continuing
				  education.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-4 - Exceptions

Current through July 13, 2024
The following exceptions may be made to the continuing
				  education rules:
(a) Upon written
				request received by the Department on or before the end of the licensing
				period, the commissioner may grant an extension for good cause shown by the
				licensee.
(b) A non-resident
				licensee residing in a state or district requiring continuing education
				requirements which meet or exceed Wyoming's requirements, need only comply with
				the resident state's requirements.
(c) A non-resident adjuster residing in a
				state or district having continuing education requirements, shall complete the
				resident state's requirements.
(d)
				A non-resident adjuster residing in another state or district not having
				continuing education requirements who has designated Wyoming as a home state
				nonresident adjuster shall:
(i) Complete the
				necessary hours of continuing education to meet Wyoming's requirement as
				determined by the commissioner; and
(ii) Complete the reporting requirement of
				section
				8 of this regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-5 - Program Requirements

Current through July 13, 2024
(a) All continuing education courses are
				subject to review and certification by the commissioner. They must be submitted
				to the Department in accordance with Section
				9 of this regulation on forms approved by
				the commissioner.
(b) A specific
				course will qualify as an acceptable continuing education program if it is a
				formal course of learning or online course study which contributes directly to
				the professional competence of a licensee.
(c) To qualify for credit, the following
				standards must be met:
(i) Course
				development:
(A) The course must have
				significant intellectual or practical content to enhance and improve the
				insurance knowledge and professional competence of participants.
(B) The course must be developed by persons
				who are qualified in the subject matter and instructional design.
(C) The course content must be
				current.
(D) The course must have a
				method for measuring the student's successful completion of course material and
				for evaluating the learning experience.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-6 - Measurement of Credit

Current through July 13, 2024
(a) Professional education courses shall be
				credited for continuing education purposes in full hours only. The number of
				hours shall be equivalent to the actual number of contact hours. Each hourly
				period must include at least fifty (50) minutes of continuous instruction or
				participation. For this purpose, a one-day program will be granted eight (8)
				hours credit if the total lapsed time is approximately eight (8) hours and the
				contact time is at least four hundred (400) minutes. The approved credit hours
				shall be determined by the commissioner.
(b) University or college upper-division
				credit or noncredit courses shall be evaluated as follows:
(i) For credit courses, each semester system
				credit shall not account for more than five (5) hours toward the continuing
				education requirement. Each quarter system credit shall not account for more
				than three (3) hours. The final number of credits shall be determined by the
				commissioner.
(ii) For non-credit
				courses, the number of credits will be determined by the commissioner, but not
				to exceed the amount allowed for credit courses.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-7 - Reporting and Fees

Current through July 13, 2024
(a) Each sponsor shall submit the electronic
				course certification for continuing education and before expiration of
				licensee's renewal date.
(b) The
				sponsor shall retain the original certificate of completion for each
				educational course as evidence of the licensee's completion of the program or
				course for the most recent two (2) year period. The certificates of completion
				shall be kept in an electronic form approved by the commissioner.
(c) The Department may audit the electronic
				course certificates submitted by sponsors. If the continuing education
				electronic filing submitted by the sponsor is not approved, the Department will
				notify the sponsor of the basis for rejection.
(d) The licensee bears the burden of
				establishing that a particular course for which credit is claimed is acceptable
				and meets the continuing education requirements set forth in this
				regulation.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-9 - Proof of Completion - Sponsor Responsibilities

Current through July 13, 2024
(a) Upon completing a class, program, or
				course of study, the instructor or sponsor shall:
(i) Provide a certificate of completion to
				the commissioner in electronic form for the individuals who have satisfactorily
				completed the class, program, or course of study; and
(ii) Certify to the commissioner an
				electronic roster of all attendees specifying whether satisfactory completion
				was based on attendance, written report, or examination.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-10 - Loss of Certification: Action Against Sponsors

Current through July 13, 2024
(a) The commissioner may suspend a course
				certification if:
(i) The course teaching
				method or program content no longer meets the standards of this regulation, or
				has been significantly changed without notice to the commissioner for
				re-approval; or
(ii) The
				instructor, coordinator, or sponsor had certified to the commissioner that a
				licensee had completed the program in accordance with course standards when in
				fact the licensee had not done so;
(iii) Licensees who have satisfactorily
				completed the program in accordance with course standards were not certified by
				the sponsor, coordinator, or instructor (unless the certificate of completion
				was refused pursuant to Section
				9(b)(i) );
(iv) The instructor or sponsor is not
				qualified as defined by the standards of this regulation, has had an insurance
				license revoked, or lacks necessary education or experience in the subject
				matter of the course; or
(v) There
				is other good and just cause why certification should be suspended. The
				commissioner reserves the right to audit courses without the sponsor's
				approval. The commissioner may at any time after notice and opportunity for
				hearing withdraw approval of any course. Licensees who attended a course before
				the commissioner withdraws approval will be granted credit for hours in actual
				attendance.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-11 - Credit for Individual Study Programs

Current through July 13, 2024
(a) In determining whether credit is allowed
				for specific correspondence programs, individual study programs, online
				courses, or webinars, the commissioner will determine the equivalency of the
				program to a comparable seminar or a comparable course for credit in an
				accredited educational institution.
(b) The individual study program must require
				each producer to enroll in the course before having access to course
				material.
(c) All approved
				correspondence courses, online courses, and independent study courses shall
				include a monitored examination which requires a score of seventy (70) percent
				or better, or an equivalent scaled score, to earn a certificate of completion.
				For each approved course, the sponsor shall maintain a pool of tests sufficient
				to maintain the integrity of the testing process. A written explanation of test
				security and administration methods shall accompany the course examination
				materials. The examinations shall be administered, graded, and the results
				recorded by the sponsor to which approval was originally granted. The sponsor
				shall retain completed tests. The examination administration shall be monitored
				by a disinterested third party.
(d)
				All correspondence courses, online courses, webinars or individual study
				courses must be submitted by the sponsor which compiles or publishes the course
				materials and must be approved by the commissioner prior to being offered to
				licensees for continuing education credit. Any course approval is not
				transferable to any other entity.
(e) Credit will be allowed only in the
				licensing period in which the course is completed and must be reported during
				the same licensing period.
(f)
				Online courses shall prevent access to the course exam before the examinee
				reviews the course materials.
(g)
				Online courses shall prevent downloading any course exam.
(h) Online courses shall provide review
				questions at the end of each unit or chapter and prevent access to the final
				exam until each set of questions are answered correctly at a seventy (70)
				percent rate.
(i) Correspondence
				programs, individual study programs, and online courses shall provide a monitor
				affidavit containing specific monitor duties and responsibilities printed for
				monitor's use to direct the taking of the final exam. A monitor shall complete
				the affidavit after the exam is completed.
(j) Webinars do not require a comprehensive
				final examination.
(k) Webinar
				providers shall monitor attendance and determine when a participant is inactive
				or not fully participating.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-12 - Credit for Service as Lecturer, Discussion Leader, or Speaker

Current through July 13, 2024
One (1) hour of continuing education credit will be awarded
				  for each hour completed as an instructor or discussion leader, provided the
				  course is certified by the commissioner.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-13 - Credit for Breakfast, Luncheon, or Dinner Meetings

Current through July 13, 2024
Courses, seminars, or programs presented in connection with
				  breakfast, luncheon, or dinner meetings qualify for continuing education credit
				  only if they are meetings of recognized insurance organizations, meet the
				  requirements of this regulation, and are certified in advance.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 20 - REGULATION GOVERNING CONTINUING EDUCATION › Section 20-14 - Licensee's Failure to Meet Requirements

Current through July 13, 2024
(a) If a sponsor does not submit a completed
				verification form showing compliance with this regulation as set forth in
				Section
				8, or if a licensee has not met the
				continuing education requirements and has not been granted an extension of time
				within which to comply, the licensee's license shall not be renewed until the
				person demonstrates to the commissioner's satisfaction that he has complied
				with all requirements of W.S. §
									
										26-9-231.
(b) If the Department denies a request for
				extension to meet the continuing education requirements, the licensee's license
				will lapse thirty (30) days after the date the denial is mailed to the
				licensee, unless the licensee provides proof of compliance with the continuing
				education requirements before the license lapses.
(c) The commissioner may immediately
				institute an administrative or other action pursuant to W.S. §
									
										26-9-211 against any licensee who submits a
				false or fraudulent certificate of compliance or reporting form.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 21 - Rules Governing Advertisements of Accident and Sickness Insurance › Section 21-1 - Authority

Current through July 13, 2024
These regulations are promulgated pursuant to Wyoming
				  Statutes §§
									
										26-2-110 and
				  26-13-101
et seq.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 21 - Rules Governing Advertisements of Accident and Sickness Insurance › Section 21-2 - Applicability

Current through July 13, 2024
(a) These regulations shall apply to
				individual and group accident and sickness insurance "advertisement," as
				defined in Section
				3(b), (h), (i), and (j)
				unless otherwise specified in this regulation, which the insurer knows or
				reasonably should know, is intended for presentation, distribution, or
				dissemination in Wyoming when the-presentation, distribution, or dissemination
				is made either directly or indirectly by or on behalf of an insurer or producer
				as those terms are defined in the Wyoming Insurance Code.
(b) Every insurer shall establish, and at all
				times maintain, a system of control over, and be responsible for the content,
				form, and method of dissemination of all its policy advertisements-regardless
				of by whom written, created, designed, or presented.
(c) Advertising materials shall be identified
				by form numbers or other identifying means sufficient to distinguish an
				advertisement from any other advertising materials, policies, applications, or
				other materials used by the insurer.
(d) The requirements of these regulations
				shall also apply to health maintenance organizations.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 21 - Rules Governing Advertisements of Accident and Sickness Insurance › Section 21-3 - Definitions

Current through July 13, 2024
As used in these rules and regulations:
(a) "Accident and sickness insurance policy"
				means a policy, plan, certificate, contract, agreement, statement of coverage,
				rider, or endorsement providing accident or sickness benefits or medical
				surgical or hospital benefits on an indemnity, reimbursement, service, or
				prepaid basis, except when issued in connection with insurance other than life
				insurance and annuities. An accident and sickness insurance policy includes a
				Medicare supplement insurance policy.
(i)
				"Accident and sickness insurance policy" does not apply to disability income
				insurance, waiver of premium, and double indemnity benefits included in life
				insurance, endowment, or annuity contracts containing only provisions that:
(A) Provide additional benefits in case of
				death, dismemberment, or loss of sight by accident; or
(B) Operate to safeguard the contracts
				against lapse or to give a special surrender value, special benefit, or an
				annuity in the event the insured or annuitant becomes totally and permanently
				disabled as defined by the contract or supplemental contract.
Wyoming Administrative Code › Agency 044 - Insurance Dept › Sub-Agency 0002 - General Agency, Board or Commission Rules › Chapter 21 - Rules Governing Advertisements of Accident and Sickness Insurance › Section 21-4 - Method of Disclosure of Required Information

Current through July 13, 2024
(a) All information, exceptions, limitations,
				reductions, and other restrictions required to be disclosed by this regulation
				shall be set out conspicuously and in close conjunction to the statements to
				which the information relates or under appropriate captions of such prominence
				that it shall not be minimized, rendered obscure, presented in an ambiguous
				fashion, or intermingled with the context of the advertisement so as to be
				confusing or misleading. This regulation permits, but is not limited to, use of
				either of the following methods of disclosure:
(i) In the description of the related
				benefits or in a paragraph set out in close conjunction with the description of
				the policy benefits; or
(ii)
				Disclosure not in conjunction with the provisions describing policy benefits
				but under appropriate captions of such prominence that the information shall
				not be minimized, rendered obscure, or otherwise made to appear unimportant.
				The phrase "under appropriate captions" means the title must accurately
				describe the captioned material. Appropriate captions include the following:
				"Exceptions," "Exclusions," "Conditions Not Covered," and "Exceptions and
				Reductions." Use of captions such as the following are prohibited because they
				do not provide adequate notice of the significance of the material: "Extent of
				Coverage," "Only these Exclusions," or "Minimum Limitations."