§ 26-15-124 — Claim to be accepted or rejected; attorney's fee

Wyoming § 26-15-124

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

Text

(a) Claims for benefits under a life, accident or health
insurance policy shall be rejected or accepted and paid by the
insurer or its agent designated to receive the claims within
forty-five (45) days after receipt of the proofs of loss and
supporting evidence. Exceptions to the time of forty-five (45)
days shall be made for accident and health insurance claims if
there is any question as to the validity or the amount of the
claim and the question is referred to the Wyoming state medical
peer review committee for adjudication. Exceptions shall also be
made as authorized by W.S. 26-16-112(a) and 26-52-203.
(b) Claims for benefits under a property or casualty
insurance policy shall be rejected or accepted and paid by the
insurer or its agent designated to receive those claims within
forty-five (45) days after receipt of the claim and supporting
bills.
(c) In any actions or proceedings commenced against any
insurance company on any insurance policy or certificate of any
type or kind of insurance, or in any case where an insurer is
obligated by a liability insurance policy to defend any suit or
claim or pay any judgment on behalf of a named insured, if it is
determined that the company refuses to pay the full amount of a
loss covered by the policy and that the refusal is unreasonable
or without cause, any court in which judgment is rendered for a
claimant may also award a reasonable sum as an attorney's fee
and interest at ten percent (10%) per year.