§ 26-3-131 — Disclosure of loss information; penalties

Wyoming § 26-3-131

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 3: AUTHORIZATION OF INSURERS AND

Text

(a) Any insurer writing property or casualty insurance in
this state as defined in W.S. 26-5-104 and 26-5-106, shall
provide the following information to the named insured within
thirty (30) days of receipt of the insured's written request,
but in no event more frequently than once in any twelve (12)
month period:
(i) Information on claims involving the insured
closed within the preceding two (2) years limited to the date
and description of occurrence and amount of payments, if any;
(ii) Information on open claims involving the insured
limited to the date and description of occurrence, amount of
claim and amount of payment, if any;
(iii) Information on notices of occurrence involving
the insured limited to the date and description of occurrence
and amount of claim; and
(iv) The total amount of reserve on open claims
provided no insurer shall be required to provide information on
any reserve specifically applicable to or identifying any claim
which is or may become subject to proceedings before state or
federal courts.
(b) An insurer which elects to cancel or nonrenew any
policy of insurance subject to this section, for any reason
other than nonpayment of premium, shall cause to be delivered to
the insured, at the time such notice of cancellation or
nonrenewal is given, a brief statement advising the insured of
his right to request the information required to be given under
this section.
(c) Any insurer who violates this section is subject to
monetary penalties or license revocation or suspension as
provided by W.S. 26-1-107 and 26-3-116.
(d) Repealed By Laws 2004, Chapter 57, § 3.