§ 26-15-121 — Renewal by certificate or endorsement

Wyoming § 26-15-121

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 15: THE INSURANCE CONTRACT

Text

(a) Except as provided in subsection (b) of this section,
any insurance policy terminating by its terms at a specified
expiration date, and not otherwise renewable, may be renewed or
extended:
(i) At the insurer's option;
(ii) Upon a currently authorized policy form and at
the premium rate then required for the policy;
(iii) For a specific additional period by
certificates or by policy endorsement; and
(iv) Without requiring the issuance of a new policy.
(b) A private health benefit plan as defined in W.S.
26-1-102(a)(xxxiii), shall be renewable with respect to all
insureds at the option of the insured except in the following
cases:
(i) Nonpayment of the required premiums;
(ii) Fraud or misrepresentation by the insured; or
(iii) In the event the insurer elects not to renew an
individual private health insurance plan, it may do so only if
it elects not to renew all of its individual private health
insurance benefit plans issued in this state. In the event the
insurer elects not to renew a group private health benefit plan,
it may do so only if it elects not to renew all of its group
private health benefit plans issued in this state. In either
case, the insurer shall:
(A) Provide notice of the decision not to renew
coverage to all affected private health benefit plans and to all
affected individually insured persons at least one hundred
eighty (180) days prior to the nonrenewal of all health benefit
plans by the insurer; and
(B) Provide notice of its decision under this
paragraph to the commissioner at least three (3) working days
prior to providing the notice required under subparagraph (A) of
this paragraph.