§ 26-18-136 — Franchise disability insurance

Wyoming § 26-18-136

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 18: DISABILITY INSURANCE POLICIES

Text

(a) Disability insurance on a franchise plan is that form
of disability insurance issued to:
(i) Four (4) or more employees of any corporation,
copartnership or individual employer or any governmental
corporation, agency or department thereof; or
(ii) Ten (10) or more members, employees or employees
of members of any labor union or of any trade, professional or
other association which:
(A) Has a constitution or bylaws; and
(B) Repealed by Laws 2003, Ch. 160, § 2.
(C) Issues to the persons specified in this
paragraph, with or without their dependents, the same form of an
individual policy varying only as to amounts and kinds of
coverage applied for by those persons under an arrangement in
which the premiums on the policies may be paid to the insurer
periodically by:
(I) The employer, with or without payroll
deductions;
(II) The association or union for its
members; or
(III) Some designated person acting on
behalf of the employer, association or union.
(b) "Employees", as used in this section, includes the
officers, managers, employees and retired employees of the
employer and the individual proprietor or partners if the
employer is an individual proprietor or partnership.
(c) Prior to marketing or offering any disability
insurance for a franchise plan formed for the sole purpose of
obtaining insurance, the producer shall file a written report
with the department setting forth the name of the entity or
entities, the insurer and its address and the offering producer
and his address. The department shall keep the name of the
association confidential.
(d) The provisions of the Small Employer Health Insurance
Availability Act, W.S. 26-19-301 et seq., shall apply to all
insurance issued under this section.