Wyoming Statutes
§ 26-43-107 — Premiums; standard risk rate
(a)Separate schedules of premium rates based on plan
coverage under the pool, age, sex and geographical location may
apply for individual risks.
(b)The board shall determine the standard risk rate by
calculating the average individual standard rate charged by the
five (5) largest insurers offering coverages in the state
comparable to each plan coverage under the pool. If five (5)
insurers do not offer comparable coverage, the standard risk
rate shall be established using reasonable actuarial techniques
and shall reflect anticipated experience and expenses for the
applicable coverage.
(c)Initial rates for pool coverage in the first year
coverage is provided pursuant to this act shall not be less than
one hundred fifty percent (150%) of rates established as
applicable for individual stand
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Nearby Sections
15
§ 26-43-101
Definitions§ 26-43-103
Eligibility§ 26-43-104
Administrator§ 26-43-105
Assessments; premium tax credit§ 26-43-106
Minimum benefits; limitations§ 26-43-107
Premiums; standard risk rate§ 26-43-108
Preexisting conditions§ 26-43-109
Benefit payments reduction§ 26-43-110
Immunity§ 26-43-111
Tax exemption§ 26-43-112
Account created; payments; investment§ 26-43-113
Termination of provisions§ 26-43-201
Repealed by Laws 2010, ch. 96, § 1§ 26-43-202
Repealed by Laws 2010, ch. 96, § 1