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Bill

SF 52

Insurance amendments.

2025 Regular Session

Wyoming insurance code updates require all certificates of authority to follow new rules, require timely insurer contact info updates, and tighten reporting of disciplinary and cri

Assigned Chapter Number 114
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Bill Summary · SF 52

Summary — SF 52 (Enrolled Act No. 65, Chapter 114) — "Insurance amendments"

Status: Enacted (Chapter No. 114 / SEA No. 0065) — Governor signed March 5, 2025.
Introduced: January 15, 2025. Sponsor: Joint Corporations, Elections & Political Subdivisions Interim Committee (primary sponsor: DICKEY). Fiscal note: No fiscal or personnel impact (25LSO-0008).

Purpose

SF 52 updates and clarifies multiple provisions of Wyoming’s insurance code. The bill (1) refines the statutory definition of “insurance transaction,” (2) expands certain requirements previously tied to “original” certificates of authority to apply to all certificates of authority, (3) imposes administrative duties on insurers (contact‑information updates), (4) amends service‑of‑process and reporting rules for licensees, (5) clarifies applicability of property and casualty statutes, and (6) repeals two legacy requirements (delivery of expired/suspended certificates to the commissioner and a specific consumer disclosure regarding adult wellness benefits in certain disability policies).

Key provisions and changes

  • Definition of “insurance transaction” (W.S. 26-1-102(a)(xxxix))

    • Clarifies two contexts: (A) for consumer‑oriented paragraph (xxxviii), an insurance transaction involves determining an individual's eligibility for coverage/benefit/payment or servicing an application/policy/contract/certificate; (B) for other purposes, the term includes any insurance transaction, including acts listed elsewhere in the statute.

  • Certificates of authority (multiple sections including W.S. 26-3-106(b), 26-3-108(a), 26-3-112(a), 26-3-114(d)/(e), 26-24-109(b), 26-24-110(a), 26-29-210(e), 26-24-113)

    • Language changed so requirements formerly required only for an “original” certificate of authority now also apply to all certificates of authority (e.g., reinstatement/issuance following expiration or failure to renew).
    • Repeals the statutory requirement that insurers deliver expired, suspended, or terminated certificates of authority to the insurance commissioner.

  • Insurer contact information (new W.S. 26-3-114(e))

    • All insurers or licensed/registered persons must notify the commissioner, by any means acceptable to the commissioner (or as specified by rule), of changes to address, telephone, email or other contact information on file within 30 days.

  • Service of process (W.S. 26-3-122(c))

    • Clarifies that upon service, the commissioner must immediately mail a copy of the process to the person currently designated by the insurer to receive process (per W.S. 26-3-121(d)).

  • Reporting of disciplinary and criminal actions (W.S. 26-9-216(a)–(b))

    • Producers/licensees must report administrative actions taken against them in another jurisdiction or by other agencies within 30 days of final disposition (including copies of orders/consents).
    • Producers/licensees must report criminal prosecutions within 30 days of the initial pretrial hearing date (including complaint and related documents).

  • Property and casualty applicability (W.S. 26-35-201)

    • Clarifies scope of the article governing property and casualty insurance (text truncated in source, but intent is clarification of applicability).

  • Repeal: consumer disclosure

    • Removes a statutory disclosure requirement concerning the extent to which disability, group disability and blanket disability insurance policies include comprehensive adult wellness benefits.

Who is affected

  • Insurers (domestic, foreign, mutual, reciprocal) — administrative duties, certificate application/reinstatement rules, contact update obligations.
  • Insurance producers/licensees — new reporting timeframes for administrative and criminal matters.
  • Insurance commissioner/department staff — receives updated contact information and handles service‑of‑process mailings; will no longer receive expired certificates physically.
  • Consumers — loss of a specific wellness‑benefits disclosure in disability policy statutes (may reduce mandated consumer information).

Procedural / timeline notes

  • Passed Senate: 3rd Reading 29–1–1 (Jan 17, 2025).
  • Passed House: 3rd Reading 54–5–2 (Mar 3, 2025).
  • Governor signed: March 5, 2025. Assigned Chapter No. 114 (Enrolled Act No. 65).
  • Effective date: as provided in the enacted act (text indicates “providing for an effective date”).

Fiscal impact

  • State fiscal note indicates no fiscal or personnel impact.

Compiled from official sources — confirm details with the bill’s official record.

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