§ 26-2-110 — Rules and regulations

Wyoming § 26-2-110

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 2: THE INSURANCE COMMISSIONER

Text

(a) Subject to the requirements of the Wyoming
Administrative Procedure Act , the commissioner may make
reasonable rules and regulations necessary to carry out any
provision of this code. No rule or regulation shall extend,
modify or conflict with any law of this state or the reasonable
implications thereof.
(b) Any interested person may petition the commissioner
requesting the promulgation, amendment or repeal of any rule or
regulation, under the applicable procedures of the Wyoming
Administrative Procedure Act.
(c) In addition to any other penalty under this code,
willful violation of any provision of this code or any rule or
regulation promulgated pursuant thereto subjects the violator to
suspension or revocation of a certificate of authority or
license as may be applicable. No penalty applies to any act done
or omitted in good faith in conformity with the rule or
regulation, notwithstanding that after the act or omission the
rule or regulation may be amended or rescinded or determined by
judicial or other authority to be invalid.
(d) In addition to all other rulemaking authority granted
to the commissioner, the commissioner may promulgate necessary
and appropriate rules to satisfy NAIC accreditation
requirements, provided that:
(i) The commissioner has determined promulgation of
the rules is in the interest of the state and the rules are
otherwise appropriate;
(ii) The rules shall not be in effect for longer than
three (3) years; and
(iii) The commissioner has requested a waiver, if
determined appropriate, to the applicable NAIC accreditation
requirement pursuant to W.S. 26-2-109(e).
(e) The commissioner may promulgate rules to identify
procedures for conducting examinations of the Wyoming state
employees' and officials' group insurance program in accordance
with W.S. 9-3-205(c).