Wyoming § 26-6-402 Actuarial opinion of reserves and supporting
documentation

Wyoming Statutes

§ 26-6-402 — Actuarial opinion of reserves and supporting documentation

Wyoming § 26-6-402

Title 26Insurance Code

Ch. 6ASSETS AND LIABILITIES

This text of Wyoming § 26-6-402 (Actuarial opinion of reserves and supporting documentation) 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. § 26-6-402 (2026).

Text

(a)Every property and casualty insurance company doing business in this state, unless otherwise exempted by the domiciliary commissioner, shall annually submit the opinion of an appointed actuary entitled "statement of actuarial opinion." This opinion shall be filed in accordance with the appropriate National Association of Insurance Commissioners property and casualty annual statement instructions.

(b)Every property and casualty insurance company domiciled in this state that is required to submit a statement of actuarial opinion shall annually submit an actuarial opinion summary, written by the company's appointed actuary. This actuarial opinion summary shall be filed in accordance with the appropriate National Association of Insurance Commissioners property and casualty annual statemen

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(a) Every property and casualty insurance company doing
business in this state, unless otherwise exempted by the
domiciliary commissioner, shall annually submit the opinion of
an appointed actuary entitled "statement of actuarial opinion."
This opinion shall be filed in accordance with the appropriate
National Association of Insurance Commissioners property and
casualty annual statement instructions.
(b) Every property and casualty insurance company
domiciled in this state that is required to submit a statement
of actuarial opinion shall annually submit an actuarial opinion
summary, written by the company's appointed actuary. This
actuarial opinion summary shall be filed in accordance with the
appropriate National Association of Insurance Commissioners
property and casualty annual statement instructions and shall be
considered as a document supporting the actuarial opinion
required in subsection (a) of this section. A company licensed
but not domiciled in this state shall provide the actuarial
opinion summary upon request.
(c) An actuarial report and underlying workpapers as
required by the appropriate National Association of Insurance
Commissioners property and casualty annual statement
instructions shall be prepared to support each actuarial opinion
required under this article. If the insurance company fails to
provide a supporting actuarial report or workpapers at the
request of the commissioner or the commissioner determines that
the supporting actuarial report or workpapers provided by the
insurance company is otherwise unacceptable to the commissioner,
the commissioner may engage a qualified actuary at the expense
of the company to review the opinion and the basis for the
opinion and prepare the supporting actuarial report or
workpapers.
(d) The appointed actuary shall not be liable for damages
to any person, other than the insurance company and the
commissioner, for any act, error, omission, decision or conduct
with respect to the actuary's opinion, except in cases of fraud
or willful misconduct on the part of the appointed actuary.