§ 26-3-401 — Report of material transactions

Wyoming § 26-3-401

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

Text

(a) Every insurer domiciled in this state, and effective
July 1, 1996, every authorized foreign insurer not subject to a
substantially similar provision in its domicile, shall file a
report with the commissioner disclosing material acquisitions
and dispositions of assets or material nonrenewals,
cancellations or revisions of ceded reinsurance agreements
unless the acquisitions and dispositions of assets or material
nonrenewals, cancellations or revisions of ceded reinsurance
agreements have been submitted to the commissioner for review,
approval or information purposes pursuant to other provisions of
the insurance code, department regulations or other
requirements.
(b) The report required in subsection (a) of this section
is due within fifteen (15) days after the end of the calendar
month in which any of the transactions occur.
(c) One (1) complete copy of the report, including any
exhibits or other attachments filed as part of the report, shall
be filed with:
(i) The department; and
(ii) The National Association of Insurance
Commissioners.
(d) All reports obtained by or disclosed to the
commissioner pursuant to this article shall be given
confidential treatment, and shall not be made public by the
commissioner, the National Association of Insurance
Commissioners, or any other person, except:
(i) To persons as authorized by and in accordance
with the provisions of W.S. 26-2-113(d);
(ii) Upon the prior written consent of the insurer to
which it pertains; or
(iii) If the commissioner, after giving the insurer
who would be affected, notice and an opportunity to be heard,
determines the interest of policyholders, shareholders or the
public will be served by publication of the report, the
commissioner may publish all or any part of the report he deems
appropriate.