Wyoming Statutes
§ 26-38-111 — Penalties
In addition to any other penalties provided by the laws of this
state, any insurer or agent who violates any requirement of this
state relating to the regulation of long-term care insurance or
the marketing of such insurance shall be subject to a civil
penalty not to exceed three (3) times the amount of any
commissions paid for each policy involved in the violation or
ten thousand dollars ($10,000.00), whichever is greater. The
penalty shall be assessed by the commissioner in accordance with
W.S. 26-1-107.
ARTICLE 2
MEDICARE SUPPLEMENT INSURANCE
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Nearby Sections
15
§ 26-38-101
Short title§ 26-38-102
Applicability§ 26-38-103
Definitions§ 26-38-104
Limits of group long-term care insurance§ 26-38-106
Rulemaking authority§ 26-38-107
Incontestability period§ 26-38-108
Third party notice and reinstatement§ 26-38-109
Nonforfeiture benefit provisions§ 26-38-110
Compliance with article required§ 26-38-111
Penalties§ 26-38-201
Definitions§ 26-38-203
Standards for policy provisions§ 26-38-204
Regulations§ 26-38-205
Loss ratio standards