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SF0054

Disability Insurance Rate Notice

Last scannedOct 19, 2026, 2:19 AM

In one sentence

This bill requires disability insurance companies in Wyoming to notify policyholders and the state if they keep more than six months of claims expenses in surplus.

What it does

  • Requires insurers to file premium rates and risk classifications with the state commissioner before using them.
  • Requires insurers to follow the rates and classifications they filed with the state.
  • Allows insurers to change their filed rates and classifications as they see fit.
  • Requires insurers to notify policyholders and the commissioner if premium rates are set to keep a surplus above six months of average claims expenses.
  • Requires insurers to notify policyholders and the commissioner if they maintain a surplus above six months of claims expenses for more than six months continuously.
  • Limits these specific notifications to no more than twice in any calendar year.

Who it affects

  • Insurance companies that issue disability insurance policies in Wyoming.
  • People who hold disability insurance policies in Wyoming.
  • The Wyoming Insurance Commissioner.

Limits and unknowns

  • The bill is marked as inactive, meaning it is no longer moving in the current legislative session.
  • The bill text provided is a working draft, so final details may have changed if it had passed.
  • The bill does not specify what happens if an insurer fails to send the required notifications.

Plain language

Terms to know

Surplus
Money left over after paying for claims and expenses.
Claims expenses
The cost of paying out insurance claims.
Commissioner
The state official who oversees insurance regulations.

Official record

Sources

Source checked

Public statements

Why lawmakers voted

Last checked Aug 8, 9:42 AM

Couldn't find a published reason.

Wyoming roll calls

Recorded votes

3 roll calls

Official activity

Bill history

  1. H Committee Returned Bill Pursuant to HR 4-3(c)House
  2. H Introduced and Referred to H07; No Report Prior to CoW CutoffHouse
  3. H Received for IntroductionHouse
  4. S Passed 3rd ReadingSenate
  5. S Passed 2nd ReadingSenate
  6. S Passed CoWSenate
  7. S Placed on General FileSenate
  8. S07 Recommended Do PassSenate
  9. S Introduced and Referred to S07Senate
  10. S Received for IntroductionSenate
  11. Bill Number AssignedLSO