| AN ACT to create W.S. 26-34-144; to amend W.S. 26-1-102, 26-1-112, 26-2-lll(c), 26-2-125(e), 26-3-126(c) and (d), 26-4-103(a), (b) introductory paragraph and (i), 26-7-123, 26-7-127(a)(i), 26-9-110(a) introductory paragraph and (ii), 26-9-113(d), 26-9-119(d), 26-9-125(c), 26-15-116 by creating a new subsection (b), 26-31-134, 26-34-116 by creating a new subsection (e), 26-34-134(g)(iii)(A) 26-39-101 through 26-39-103 and by renumbering as 9-2-429 through 9-2-431 and 35-2-117; to repeal and recreate W.S. 26-13-101 through 26-13-124 as 26-13-101 through 26-13-115; and to repeal W.S. 26-2-112(c), 26-3-129, 26-3-130, 26-3-131, 26-4-103(b)(ii) and (d), 26-12-101(b)(iv), 26-18-121, 26-34-126 through 26-34-131, 26-34-135 through 26-34-139, 26-34-143 and 26-37-101 through 26-37-116 relating to insurance; excluding extended warranties and service contracts from the definition of insurance as specified; making fraternal benefit societies subject to specified provisions of the insurance code; making the code applicable to specified farm mutual insurers; providing for notices by certified mail; clarifying certain provisions; providing for uniform taxation of domestic and foreign insurers; authorizing insurers to invest in their capital stock as specified; specifying certain provisions to be contained in group policies; making certain provisions of the code applicable to all insurers as specified; assigning prepaid funeral contract regulatory authority to the state examiner and increasing penalties therein; removing the prohibition against health care discounts; repealing provisions relating to report publication, countersigning, examination expense offset, coordination of benefits and Wyoming Insurance Guaranty Association; recodifying the trade practices and fraud provisions; granting rulemaking authority; providing penalties; and providing for an effective date. |
