Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 68 - REGULATION GOVERNING OPT-OUT PROVISIONS OF THE INTERSTATE INSURANCE PRODUCT REGULATION COMPACT (IIPRC)
Section 68-3 - Uniform Standards as Applied
Universal Citation: WY Code of Rules 68-3
Current through September 21, 2024
(a) Group Disability:
(i) The Commissioner has
considered the Uniform Standards as applied to the Group Disability Income
Insurance Product Line adopted by the IIPRC on June 8, 2016 and finds the
protections offered to Wyoming citizens are not adequate.
(ii) The Wyoming Insurance Department
declines to participate in the IIPRC Uniform Standards as applied to the Group
Disability Income Insurance Product Line.
(b) Individual Disability:
(i) The commissioner has considered the
Uniform Standards as applied to the Individual Disability Income Insurance
Product Line adopted by the IIPRC on August 3, 2018 and finds the protections
offered to Wyoming citizens are not adequate.
(ii) The Wyoming Insurance Department
declines to participate in the IIPRC Uniform standards as applied to the
Individual Disability Income Insurance Product Line.
(c) Individual Disability Income Buy-Sell Policy Insurance Policies:
(i) The
commissioner has considered the Uniform Standards as applied to the Individual
Disability Income Buy-Sell Policy Insurance Policies adopted by the IIPRC on
March 24, 2023, and finds the protections offered to Wyoming citizens are not
adequate.
(ii) The Wyoming
Insurance Department declines to participate in the IIPRC Uniform standards as
applied to the Individual Disability Income Buy-Sell Policy Insurance
Policies.
(d) Individual Disability Income Key Person Replacement Insurance Policies:
(i) The commissioner has considered the
Uniform Standards as applied to the Individual Disability Income Key Person
Replacement Insurance Policies adopted by the IIPRC on March 24, 2023, and
finds the protections offered to Wyoming citizens are not adequate.
(ii) The Wyoming Insurance Department
declines to participate in the IIPRC Uniform standards as applied to the
Individual Disability Income Key Person Replacement Insurance
Policies.
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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