Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 37 - LONG-TERM CARE REGULATION
Section 37-12 - Discretionary Powers of Commissioner
Universal Citation: WY Code of Rules 37-12
Current through December 21, 2024
The Commissioner may, upon written request and after an administrative hearing, issue an order to modify or suspend a specific provision or provisions of this regulation with respect to a specific long-term care insurance policy or certificate upon a written finding that:
(a) The modification or suspension would be in the best interest of the insureds; and
(b) The purposes to be achieved could not be effectively or efficiently achieved without the modification or suspension; and
(c)
(i) The modification or suspension is
necessary to the development of an innovative and reasonable approach for
insuring long-term care; or
(ii)
The policy or certificate is to be issued to residents of a life care or
continuing care retirement community or some other residential community for
the elderly and the modification or suspension is reasonably related to the
special needs or nature of such a community; or
(iii) The modification or suspension is
necessary to permit long-term care insurance to be sold as part of, or in
conjunction with, another insurance product.
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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