Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 21 - Rules Governing Advertisements of Accident and Sickness Insurance
Section 21-4 - Method of Disclosure of Required Information
Universal Citation: WY Code of Rules 21-4
Current through September 21, 2024
(a) All information, exceptions, limitations, reductions, and other restrictions required to be disclosed by this regulation shall be set out conspicuously and in close conjunction to the statements to which the information relates or under appropriate captions of such prominence that it shall not be minimized, rendered obscure, presented in an ambiguous fashion, or intermingled with the context of the advertisement so as to be confusing or misleading. This regulation permits, but is not limited to, use of either of the following methods of disclosure:
(i) In the description of the related
benefits or in a paragraph set out in close conjunction with the description of
the policy benefits; or
(ii)
Disclosure not in conjunction with the provisions describing policy benefits
but under appropriate captions of such prominence that the information shall
not be minimized, rendered obscure, or otherwise made to appear unimportant.
The phrase "under appropriate captions" means the title must accurately
describe the captioned material. Appropriate captions include the following:
"Exceptions," "Exclusions," "Conditions Not Covered," and "Exceptions and
Reductions." Use of captions such as the following are prohibited because they
do not provide adequate notice of the significance of the material: "Extent of
Coverage," "Only these Exclusions," or "Minimum Limitations."
Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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