Wyoming § 26-2-109 Commissioner; powers and duties generally

Wyoming Statutes

§ 26-2-109 — Commissioner; powers and duties generally

Wyoming § 26-2-109

Title 26Insurance Code

Ch. 2THE INSURANCE COMMISSIONER

This text of Wyoming § 26-2-109 (Commissioner; powers and duties generally) 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. § 26-2-109 (2026).

Text

(a)The commissioner shall:

(i)Personally supervise the department operations;

(ii)Examine and inquire into violations of this code;

(iii)Enforce this code with impartiality;

(iv)Execute the duties imposed upon him by this code;

(v)Have the powers and authority expressly conferred upon him by or reasonably implied from this code;

(vi)Immediately pay to the state treasurer for deposit in the general fund, unless otherwise specifically provided, any monies paid to him under this code;

(vii)Have any additional powers and duties as may be provided by other laws of this state.

(b)The commissioner may conduct examinations and investigations of insurance matters, in addition to examinations and investigations expressly authorized, as he deems proper, upon reasonable and probable cause, to

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(a) The commissioner shall:
(i) Personally supervise the department operations;
(ii) Examine and inquire into violations of this
code;
(iii) Enforce this code with impartiality;
(iv) Execute the duties imposed upon him by this
code;
(v) Have the powers and authority expressly conferred
upon him by or reasonably implied from this code;
(vi) Immediately pay to the state treasurer for
deposit in the general fund, unless otherwise specifically
provided, any monies paid to him under this code;
(vii) Have any additional powers and duties as may be
provided by other laws of this state.
(b) The commissioner may conduct examinations and
investigations of insurance matters, in addition to examinations
and investigations expressly authorized, as he deems proper,
upon reasonable and probable cause, to determine whether any
person has violated any provisions of this code or to secure
information useful in the lawful administration of any provision
of this code. The cost of any additional examinations and
investigations shall be borne by the state.
(c) The commissioner, with the governor's approval, may
enter into interstate compacts with other states in the region
to provide for a uniform climate for insurance coverage in the
compacting states. The compacts may include:
(i) Interstate compacts to negotiate uniform rating
structures in the compacting states;
(ii) Interstate compacts to negotiate the use of
regional ratings or trendings rather than national ratings or
trendings; or
(iii) Interstate compacts to provide for the
operation of mutual companies to provide insurance for risks
that are critical to the health, safety or welfare of the
compacting states.
(d) Repealed by Laws 2017, ch. 9, § 3.
(e) The commissioner may request a waiver from the NAIC's
financial regulation standards and accreditation program
requirements when the commissioner deems the waiver to be in the
interest of the state. The commissioner shall report in writing
any waiver request to the joint corporations, elections and
political subdivisions interim committee within thirty (30) days
of the request.