§ 26-54-105 — Contents of corporate governance annual disclosure

(a) An insurer or insurance group shall have discretion
over the manner in which a CGAD is submitted, provided the CGAD
shall contain the material information necessary to permit the
commissioner to gain an understanding of the insurer's or
insurance group's corporate governance structure, policies and
practices. The commissioner may request additional information
deemed material and necessary to provide the commissioner with a
clear understanding of corporate governance policies and the
reporting, information systems or controls used to implement
those policies.
(b) Notwithstanding subsection (a) of this section, the
CGAD shall be prepared consistent with this subsection and
corporate governance annual disclosure regulations adopted
pursuant to W.S. 26-54-104. The CGAD shall describe:
(i) The insurer's or insurance group's corporate
governance framework;
(ii) The policies and practices of the most senior
governing entity and significant committees thereof;
(iii) Policies and practices for directing senior
management; and
(iv) The processes by which the board and senior
management ensure an appropriate amount of oversight to the
critical risk areas impacting the insurer’s business activities.
(c) Documentation and supporting information relevant to
the CGAD shall be maintained and made available for examination
or upon request of the commissioner.