Wyoming § 26-51-109 Sanctions

Wyoming Statutes

§ 26-51-109 — Sanctions

Wyoming § 26-51-109

Title 26Insurance Code

Ch. 51OWN RISK SOLVENCY

This text of Wyoming § 26-51-109 (Sanctions) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-51-109 (2026).

Text

Any insurer failing, without just cause, to timely file the ORSA
summary report as required in this chapter shall be required,
after notice and hearing, to pay a penalty of two thousand five
hundred dollars ($2,500.00) for each day's delay, to be
recovered by the commissioner. The maximum penalty under this
section is seventy-five thousand dollars ($75,000.00). The
commissioner may reduce the penalty if the insurer demonstrates
to the commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

Any insurer failing, without just cause, to timely file the ORSA
summary report as required in this chapter shall be required,
after notice and hearing, to pay a penalty of two thousand five
hundred dollars ($2,500.00) for each day's delay, to be
recovered by the commissioner. The maximum penalty under this
section is seventy-five thousand dollars ($75,000.00). The
commissioner may reduce the penalty if the insurer demonstrates
to the commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.