Wyoming § 26-3-307 Consolidated or combined audits

Wyoming Statutes

§ 26-3-307 — Consolidated or combined audits

Wyoming § 26-3-307

Title 26Insurance Code

Ch. 3AUTHORIZATION OF INSURERS AND

This text of Wyoming § 26-3-307 (Consolidated or combined audits) 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. § 26-3-307 (2026).

Text

(a)An insurer may make written application to the commissioner for approval to file audited consolidated or combined financial statements in lieu of separate annual audited financial statements if the insurer is part of a group of insurance companies which utilizes a pooling or one hundred percent (100%) reinsurance agreement that affects the solvency and integrity of the insurer's reserves and the insurer cedes all of its direct and assumed business to the pool. In those cases, a columnar consolidating or combining supplemental schedules shall be filed with the report, as follows:

(i)Amounts shown on the consolidated or combined audited financial report shall be shown on the supplemental schedules;

(ii)Amounts for each insurer subject to this section shall be stated separately;

(iii)N

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(a) An insurer may make written application to the
commissioner for approval to file audited consolidated or
combined financial statements in lieu of separate annual audited
financial statements if the insurer is part of a group of
insurance companies which utilizes a pooling or one hundred
percent (100%) reinsurance agreement that affects the solvency
and integrity of the insurer's reserves and the insurer cedes
all of its direct and assumed business to the pool. In those
cases, a columnar consolidating or combining supplemental
schedules shall be filed with the report, as follows:
(i) Amounts shown on the consolidated or combined
audited financial report shall be shown on the supplemental
schedules;
(ii) Amounts for each insurer subject to this section
shall be stated separately;
(iii) Noninsurance operations may be shown on the
supplemental schedules on a combined or individual basis;
(iv) Explanations of consolidating and eliminating
entries shall be included;
(v) A reconciliation shall be included of any
differences between the amounts shown in the individual insurer
columns of the supplemental schedules and comparable amounts
shown on the annual statements of the insurers.