WY LEG Insurance Certificate Authority

Published on: Mar 11, 2025

On Mar. 5, WY LEG enacted bill related to insurer authority certificate.

  • WY LEG enacted bill SF 52 related to changes to an insurer's certificate of authority.
  • Bill Provisions
  • Amended Wyoming statutes WY INS 26-1-102 by adding provision to the definition of insurance transaction, to also include any transaction involving insurance.
  • Also, amendments to Wyoming statutes WY INS 26-3-114, on Certificate of authority.
  • Insurers must inform the commissioner of any change of address, telephone number, email, other contact information in Certificate of Authority within 30 days of change.
  • Legislative History
  • On Jan. 2, 2025, bill introduced in Senate; on Jan. 17, 2025, bill passed the Senate.
  • On Jan. 17, 2025, bill introduced in House; on Mar. 3, 2025, bill passed the House.
  • On Mar. 3, 2025, House, Senate signed; on Mar. 5, 2025, gov signed, Ch. 114, Act 65.
  • Effectiveness
  • Act effective on Jul. 1, 2025.
Regulators
WY LEG
Entity Types
Ins
Reference
Bill SF0052, Ch. 114, Act 65, 3/5/2025; Citation: *WY INS* 26-1-102, 26-3-114;
Functions
Compliance; Legal; Operations; Registration/Licensing; Reporting
Countries
United States of America
Category
State
N/A
Products
Insurance; Insurance-Casualty; Insurance-Health; Insurance-Life; Insurance-Property
Rule Type
Final
Regions
Am
Rule Date
Mar 5, 2025
Effective Date
Jul 1, 2025
Rule ID
246257
Linked to
N/A
Reg. Last Update
Mar 5, 2025
Report Section
US Insurance