Wyoming Statutes

§ 26-48-109 — Supplemental provisions; rulemaking authority; exceptions; limitations

Wyoming·Title 26 Insurance Code·Ch. 48 RISK-BASED CAPITAL
(a)The provisions of this article are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under those laws, including, but not limited to, chapter 28 of this code, W.S. 26-3-115 and 26-3-116.
(b)The commissioner may adopt reasonable rules and regulations necessary for the implementation of this article.
(c)The commissioner may exempt from the application of this chapter any domestic property and casualty insurer which:
(i)Writes direct business only in Wyoming;
(ii)Writes direct annual premiums of two million dollars ($2,000,000.00) or less; and
(iii)Assumes no reinsurance in excess of five percent (5%) of direct premium written.
(d)The RBC instructions, RBC reports, adjusted RBC reports, RBC

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Nearby Sections

15
§ 26-48-101
Definitions
§ 26-48-110
Foreign Insurers
§ 26-48-111
Notices
§ 26-48-112
Phase-in provision
§ 26-48-201
Definitions
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