Wyoming § 26-14-112 Joint underwriting; pool and residual market
activities

Wyoming Statutes

§ 26-14-112 — Joint underwriting; pool and residual market activities

Wyoming § 26-14-112

Title 26Insurance Code

Ch. 14RATES AND RATING ORGANIZATIONS

This text of Wyoming § 26-14-112 (Joint underwriting; pool and residual market activities) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-14-112 (2026).

Text

(a)Insurers participating in joint underwriting, pools or residual market mechanisms may act in cooperation with each other in the making of rates, supplementary rate information, policy or bond forms, surveys, inspections and investigations, the furnishing of loss and expense statistics or other information and conducting research. Joint underwriting, pools and residual market mechanisms shall not be deemed rate advisory organizations.

(b)If, after notice and hearing, the commissioner finds that any activity or practice of an insurer participating in a joint underwriting or pooling mechanism is unfair or unreasonable, or otherwise inconsistent with the provisions or purposes of this chapter, he may issue a written order specifying in what respects such activity or practice is unfair, un

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(a) Insurers participating in joint underwriting, pools or
residual market mechanisms may act in cooperation with each
other in the making of rates, supplementary rate information,
policy or bond forms, surveys, inspections and investigations,
the furnishing of loss and expense statistics or other
information and conducting research. Joint underwriting, pools
and residual market mechanisms shall not be deemed rate advisory
organizations.
(b) If, after notice and hearing, the commissioner finds
that any activity or practice of an insurer participating in a
joint underwriting or pooling mechanism is unfair or
unreasonable, or otherwise inconsistent with the provisions or
purposes of this chapter, he may issue a written order
specifying in what respects such activity or practice is unfair,
unreasonable, anti-competitive or otherwise inconsistent with
the provisions of this chapter and require the discontinuance of
such activity or practice.
(c) Every pool shall file with the commissioner a copy of
its constitution, articles of incorporation, agreement or
association, bylaws, rules and regulations governing activities,
the name and address of a resident of this state upon whom
notices, process and orders of the commissioner may be served
and any changes or modifications thereof.
(d) Any residual market mechanism, plan or agreement to
implement such a mechanism, and any changes or amendments
thereto, shall be submitted in writing to the commissioner for
approval, together with any information as he may reasonably
require. The commissioner shall approve such agreements if they
foster the use of rates which meet the standards prescribed by
this chapter and activities and practices not inconsistent with
the provisions of this chapter.
(e) The commissioner may review the operations of all
residual market mechanisms to determine compliance with the
provisions of this chapter. If, after a notice and hearing, the
commissioner finds that the mechanisms are violating the
provisions of this chapter, he may issue a written order to the
parties involved specifying in what respects the operations
violate the provisions of this chapter. He may further order the
discontinuance or elimination of any operation.