§ 1-41-101 — Legislative findings and intent

The legislature recognizes that certain liability insurance
policies of the state of Wyoming have been cancelled, that no
responsive bids have been received and that there exists a need
to develop a method to handle claims brought under the Wyoming
Governmental Claims Act and arising under federal law. The
legislature declares that the appropriate remedy is to create an
account for self-insurance of the state and to provide for a
loss prevention program. It is the intent of the legislature
that the self-insurance account shall be operated on an
actuarially sound basis. The legislature further declares that
its intent is that the availability of commercial liability
insurance coverage shall be explored considering the possibility
that the insurance industry can provide coverage in the future
that is less expensive than the costs of providing a loss
prevention program and paying for claims out of the
self-insurance account.