(a)No basic insurance policy or annuity contract form, or
application form if written application is required and is to be
made a part of the policy or contract, or printed rider or
endorsement form or form of renewal certificate, shall be
delivered or issued for delivery in this state unless the form
is filed with and approved by the commissioner or is approved as
provided in W.S. 26-15-201. This provision does not apply to
surety bonds, or to specially rated inland marine risks, nor to
policies, riders, endorsements or forms of unique character
designed for and used with relation to insurance upon a
particular subject, or which relate to the manner of
distribution of benefits or to the reservation of rights and
benefits under life or disability insurance policies and are
used at the req
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(a) No basic insurance policy or annuity contract form, or
application form if written application is required and is to be
made a part of the policy or contract, or printed rider or
endorsement form or form of renewal certificate, shall be
delivered or issued for delivery in this state unless the form
is filed with and approved by the commissioner or is approved as
provided in W.S. 26-15-201. This provision does not apply to
surety bonds, or to specially rated inland marine risks, nor to
policies, riders, endorsements or forms of unique character
designed for and used with relation to insurance upon a
particular subject, or which relate to the manner of
distribution of benefits or to the reservation of rights and
benefits under life or disability insurance policies and are
used at the request of the individual policyholder, contract
holder or certificate holder. As to forms for use in property,
marine, other than wet marine and transportation insurance,
casualty and surety insurance coverages, the filing required by
this subsection may be made by advisory and rating organizations
on behalf of their members and subscribers. This provision does
not prohibit any member or subscriber from filing the forms on
its own behalf.
(b) Any filing shall be made not less than forty-five (45)
days in advance of any delivery. At the expiration of forty-five
(45) days the form filed is approved unless affirmatively
approved or disapproved by the commissioner's order. Approval of
any form by the commissioner constitutes a waiver of any
unexpired portion of the waiting period. The commissioner may
extend by not more than an additional forty-five (45) days the
period within which he may affirmatively approve or disapprove
any form, by giving notice to the insurer of the extension
before expiration of the initial forty-five (45) day period. At
the expiration of any extended period, and in the absence of
prior affirmative approval or disapproval, any form is deemed
approved. The commissioner, at any time, after notice and for
cause shown, may withdraw any approval.
(c) Any order of the commissioner disapproving a form or
withdrawing a previous approval shall state the grounds and the
particulars for the withdrawal in such detail as to reasonably
inform the insurer. The withdrawal of a previously approved form
is effective at the expiration of the period the commissioner
prescribes in the notice, but not less than thirty (30) days
from the date of the notice.
(d) The commissioner, by order, may exempt from the
requirements of this section for so long as he deems proper any
insurance document or form or type thereof as specified in the
order, to which, in his opinion:
(i) This section may not practicably be applied;
(ii) The filing and approval of which are not
desirable or necessary for the public's protection; or
(iii) The document or form or type thereof has been
approved under the provisions of the Interstate Insurance
Product Regulation Compact as provided in W.S. 26-15-201.
(e) Appeals from the commissioner's orders disapproving a
form or withdrawing a previous approval may be taken as provided
in W.S. 26-2-125 through 26-2-129.