§ 26-43-305 — Charges authorized; written agreements required; cancellation of memberships; duties

Wyoming § 26-43-305

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 43: HEALTH CARE

Text

(a) An air ambulance membership organization may assess a
periodic charge and a reasonable one-time application processing
fee to its members.
(b) All terms and conditions for memberships of an air
ambulance membership organization shall be provided in writing
to each member. An air ambulance membership organization meeting
the definition specified in W.S. 26-43-301(a)(ii) shall have an
agreement in writing with each air ambulance provider offering
air ambulance services to its members. The written provider
agreement may be entered into directly with the provider or with
an entity that hires or represents the provider.
(c) A member of an air ambulance membership organization's
plan shall have the right to cancel his membership in the plan
at any time. If the member cancels his membership not later than
thirty (30) days after purchasing a plan, the air ambulance
membership organization shall refund to the member any one-time
charges that exceed thirty dollars ($30.00) and all periodic
charges. For purposes of this subsection, cancellation occurs
when notice of cancellation is mailed or otherwise delivered to
the air ambulance membership organization.
(d) If an air ambulance membership organization cancels a
membership for any reason other than nonpayment of charges by a
member, the air ambulance membership organization shall issue a
pro rata refund of all periodic charges to the member.
(e) An air ambulance membership organization or an agent,
broker or marketer who sells memberships for an air ambulance
membership organization shall disclose all charges for each air
ambulance membership organization membership to all prospective
members.
(f) An air ambulance membership organization shall:
(i) Post a surety bond with one (1) or more surety
companies approved by the commissioner in the amount of five
thousand dollars ($5,000.00) for every one thousand (1,000)
members of the organization who are residents of the state of
Wyoming or portion thereof;
(ii) Establish a reserve fund at any financial
institution approved by the commissioner in the amount of three
dollars ($3.00) for each member currently part of a plan that
the air ambulance membership organization offers. The reserve
fund shall be for the benefit of the members and to guarantee
that any plan the air ambulance membership organization offers
continues until all memberships or plans are terminated. No
amount shall be required to be deposited for any family members
of the plan member's household unless the family members are
separately participating or subscribed to the organization's
plan. No further deposits shall be required under this paragraph
after the total amount of the reserve fund and surety bond
required under paragraph (i) of this subsection exceeds two
hundred thousand dollars ($200,000.00).
(g) An air ambulance membership organization shall pay any
costs of collection upon a judgment in favor of a plan member
and attorney fees in any successful action brought by a plan
member.