044-68 Wyo. Code R. §§ 68-3 - Uniform Standards as Applied

(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.

Notes

044-68 Wyo. Code R. §§ 68-3

Adopted, Eff. 12/9/2016. Amended, Eff. 2/20/2019. Amended, Eff. 9/25/2023.