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Senate approves federal-model insurance holding-company rules to keep state-based regulation
Summary
Senate File 50, an update to the Insurance Holding Company System Regulatory Act aligning Wyoming with national standards, passed after floor debate; supporters said it preserves state regulation and financial solvency oversight, opponents called it excessive regulation favoring large insurers.
The Wyoming Senate on Jan. 20 passed Senate File 50, a measure updating the state's Insurance Holding Company System Regulatory Act to provide clearer structural rules and to harmonize state regulation with national insurance-commissioner standards.
Senator Barlow moved a technical third-reading amendment that sponsors described as restructuring statute language to make it operational without changing substantive requirements.…
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