§ 26-34-110 — Annual report

Wyoming § 26-34-110

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 34: HEALTH MAINTENANCE ORGANIZATIONS

Text

(a) Each health maintenance organization, annually, on or
before March 1, shall file with the commissioner, with a copy to
the administrator, a report verified by at least two (2)
organization principal officers and covering the immediately
preceding calendar year. Each health maintenance organization
shall file with the commissioner on a quarterly basis a
statement of its financial condition for the preceding quarter.
Each quarterly statement shall be filed with the commissioner on
or before forty-five (45) days from the end of the quarter being
reported. The reports and statements shall be on forms the
commissioner prescribes and shall be completed pursuant to the
most recent National Association of Insurance Commissioners'
accounting practices and procedures manual.
(b) The health maintenance organization shall file on or
before March 1, unless otherwise stated:
(i) Audited financial statements in accordance with
the provisions of title 26, chapter 3, article 3 of the Wyoming
statutes on or before June 1;
(ii) A list of the providers who have executed a
contract that complies with W.S. 26-34-114; and
(iii) The report on the complaint system pursuant to
W.S. 26-34-112(b).
(c) All annual and quarterly statements filed pursuant to
this section shall be accompanied by an electronic version
containing the same information as the statement. The
commissioner may specify the format of the electronic version.
The commissioner may accept, for any health maintenance
organization not domiciled in this state which is required to
file annual, quarterly and audited financial statements under
this section, an electronic filing with the National Association
of Insurance Commissioners meeting the requirements of this
section as a filing with the commissioner. The commissioner may
refuse to continue or may suspend or revoke the certificate of
authority of any health maintenance organization failing to file
its annual or quarterly statement when due.
(d) The commissioner may require any additional reports as
are deemed reasonably necessary and appropriate to enable him to
carry out his duties under this chapter.