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Committee approves holding-company rules to align Wyoming with national accreditation standards
Summary
Senate File 50, which updates Wyoming's insurance holding-company regulation to adopt current accreditation standards and streamline multi-state financial examinations, passed the House Corporations Committee.
The House Corporations Committee on [date not specified] advanced Senate File 50, a bill amending state insurance code to adopt updated holding-company regulation and financial examination standards used across other states.
Insurance Commissioner Jeff Rood told the committee the standards are long-standing, model-driven measures developed by state regulators and industry and that consistent standards avoid duplication of costly financial exams. "These standards ... are…
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