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Committee advances insurance 'cleanup' bill to modernize licensing, notices and remove outdated disclosure
Summary
Senate File 52, a multi-point cleanup bill from the Wyoming Department of Insurance, passed committee to modernize code language: remove requirement for hard-copy certificates of authority, require updated insurer contact details, change service method from registered to certified mail, and repeal an outdated wellness-benefit disclosure.
The Senate Corporations Committee advanced Senate File 52, a Department of Insurance cleanup bill that revises multiple sections of the insurance code to modernize licensing and notice requirements.
Tana Howard, Deputy Commissioner of Insurance, told the committee the bill is intended to remove obsolete requirements and clarify existing definitions. "This is Senate File 52, Insurance Amendments, or as internally we call this at the insurance department, our cleanup bill," she said. The committee voted to advance the bill by roll call; recorded ayes were unanimous among committee members present.
Major changes
- Certificates of authority: The bill removes statutory language that requires…
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