Wyoming § 26-48-210 Foreign health organizations

Wyoming Statutes

§ 26-48-210 — Foreign health organizations

Wyoming·Title 26 Insurance Code·Ch. 48 RISK-BASED CAPITAL

(a)A foreign health organization shall, upon the written request of the commissioner, submit to the commissioner an RBC report as of the end of the calendar year just ended by the later of:

(i)The date an RBC report would be required to be filed by a domestic health organization under this article; or

(ii)Fifteen (15) days after the request is received by the foreign health organization.

(b)A foreign health organization shall, at the written request of the commissioner, promptly submit to the commissioner a copy of any RBC plan that is filed with the insurance commissioner of any other state.

(c)In the event of a company action level event, regulatory action level event or authorized control level event with respect to a foreign health organization as determined under the RBC statute

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(a) A foreign health organization shall, upon the written
request of the commissioner, submit to the commissioner an RBC
report as of the end of the calendar year just ended by the
later of:
(i) The date an RBC report would be required to be
filed by a domestic health organization under this article; or
(ii) Fifteen (15) days after the request is received
by the foreign health organization.
(b) A foreign health organization shall, at the written
request of the commissioner, promptly submit to the commissioner
a copy of any RBC plan that is filed with the insurance
commissioner of any other state.
(c) In the event of a company action level event,
regulatory action level event or authorized control level event
with respect to a foreign health organization as determined
under the RBC statute applicable in the state of domicile of the
health organization, or, if no RBC statute is in force in that
state, under the provisions of this article, if the insurance
commissioner of the state of domicile of the foreign health
organization fails to require the foreign health organization to
file an RBC plan in the manner specified under that state's RBC
statute, or, if no RBC statute is in force in that state, under
W.S. 26-48-203, the commissioner may require the foreign health
organization to file an RBC plan with the commissioner. In such
event, the failure of the foreign health organization to file an
RBC plan with the commissioner shall be grounds to order the
health organization to cease and desist from writing new
insurance business in this state.
(d) In the event of a mandatory control level event with
respect to a foreign health organization, if no domiciliary
receiver has been appointed with respect to the foreign health
organization under the rehabilitation and liquidation statute
applicable in the state of domicile of the foreign health
organization, the commissioner may make application to the
district court of Laramie county as permitted under chapter 28
of this code. The occurrence of the mandatory control level
event shall be considered adequate grounds for the application.