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SF0036 • 2013

Insurance-publications requirements.

AN ACT relating to insurance; providing for publication of summary annual financial statements on the department of insurance website; repealing provisions for newspaper publication of the same; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Case
Last action
2013-03-13
Official status
enrolled
Effective date
3/13/2013

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0036H2001

2nd reading • STUBSON

Adopted

Plain English: Adopted 2nd reading by STUBSON

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036H3001

3rd reading • ZWONITZ,DN

Adopted

Plain English: Adopted 3rd reading by ZWONITZ,DN

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036H3002

3rd reading • STUBSON

Adopted

Plain English: Adopted 3rd reading by STUBSON

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036HW001

Committee of the Whole • ZWONITZ,DN

Adopted

Plain English: Adopted Committee of the Whole by ZWONITZ,DN

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036S2001

2nd reading • SCOTT

Adopted

Plain English: Adopted 2nd reading by SCOTT

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036S2002

2nd reading • SCOTT

Adopted

Plain English: Adopted 2nd reading by SCOTT

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036S3001

3rd reading • SCOTT

Adopted, Corrected

Plain English: Adopted, Corrected 3rd reading by SCOTT

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036S3002

3rd reading • MEIER

Failed

Plain English: Failed 3rd reading by MEIER

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0036SW001

Committee of the Whole • SCOTT

Adopted

Plain English: Adopted Committee of the Whole by SCOTT

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2013-03-13 LSO

    Assigned Chapter Number

  2. 2013-03-13 Governor

    Governor Signed SEA No. 0054

  3. 2013-02-25 House

    H Speaker Signed SEA No. 0054

  4. 2013-02-25 Senate

    S President Signed SEA No. 0054

  5. 2013-02-22 LSO

    Assigned Number SEA0054

  6. 2013-02-22 House

    H Adopted SF0036JC01

  7. 2013-02-21 Senate

    S Adopted SF0036JC01

  8. 2013-02-19 House

    H Appointed JCC01 Members

  9. 2013-02-19 Senate

    S Appointed JCC01 Members

  10. 2013-02-19 Senate

    S Did Not Concur

  11. 2013-02-19 Senate

    S Received for Concurrence

  12. 2013-02-19 House

    H Passed 3rd Reading

  13. 2013-02-19 House

    Amendment Adopted

  14. 2013-02-19 House

    Amendment Adopted

  15. 2013-02-15 House

    H Passed 2nd Reading

  16. 2013-02-15 House

    Amendment Adopted

  17. 2013-02-14 House

    H Passed CoW

  18. 2013-02-14 House

    H Amendments Adopted

  19. 2013-02-14 House

    Amendment Adopted

  20. 2013-02-07 House

    H Placed on General File

  21. 2013-02-07 House

    H07 Recommended Do Pass

  22. 2013-01-31 House

    H Introduced and Referred to H07

  23. 2013-01-30 House

    H Received for Introduction

  24. 2013-01-29 Senate

    S Passed 3rd Reading

  25. 2013-01-29 Senate

    Amendment Failed

  26. 2013-01-29 Senate

    Amendment Adopted

  27. 2013-01-28 Senate

    S Passed 2nd Reading

  28. 2013-01-28 Senate

    Amendment Adopted

  29. 2013-01-28 Senate

    Amendment Adopted

  30. 2013-01-25 Senate

    S Passed CoW

  31. 2013-01-25 Senate

    S Amendments Adopted

  32. 2013-01-25 Senate

    Amendment Adopted

  33. 2013-01-24 Senate

    S Placed on General File

  34. 2013-01-24 Senate

    S07 Recommended Do Pass

  35. 2013-01-09 Senate

    S Introduced and Referred to S07

  36. 2013-01-08 Senate

    S Received for Introduction

  37. 2012-12-19 LSO

    Bill Number Assigned

Official Summary Text

Bill No.: <billno> Drafter: <drafterinit>

Bill No.:
SF0036
Drafter:

LGC

LSO No.:
13LSO-0247
Effective Date:

Immediate

Enrolled Act No.:
SEA0054

Chapter No.:
CH0135

Prime Sponsor:
Senator Case

Catch Title:
Insurance-publications requirements.

Subject:
Publication of insurance company annual
statements.

Summary/Major
Elements:

Under current law, the insurance commissioner receives
annual financial statements from authorized insurers in the state. The
commissioner is required to cause summaries of those statements to be published
for six successive days in a daily newspaper of general circulation within the
state, or for six successive weeks in a weekly newspaper of general
circulation.

This act repeals the requirement to publish each summary
in a newspaper and instead requires the commissioner to publish the summaries
on the departments webpage.

This act also requires the commissioner to publish a
public service announcement about how citizens may access the information on
the website.

The public service announcement must be published no
less than six and no more than twelve times each year in legal newspapers of
general circulation within the state.

The cost of the publication of the public service
announcements is to be shared equally by the insurers who file the annual
financial statements.

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL SENATE
FILE

NO.
0036

ENROLLED ACT NO. 54, SENATE

SIXTY-SECOND LEGISLATURE OF THE STATE OF WYOMING
2013 GENERAL SESSION

AN ACT relating to
insurance; providing for publication of summary annual financial statements on the department of insurance website;

repealing provisions for newspaper publication of the same; providing for publication of public service announcements;
and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 26
‑
3
‑
126(b)(iii)
and by creating a new subsection (d)
is amended to read:

26
‑
3
‑
126.

Annual statement; correction and publication of statements.

(b)

After any corrections noted are made, the commissioner shall:

(iii)

Cause each summary and certificate to be
published for six (6) successive days in a daily newspaper of general circulation within the state, or for six (6) successive weeks in a weekly newspaper of general circulation, and the insurer shall pay the cost of publication upon receipt of a statement from the newspaper

directly accessible
to the public
via a link from the main page of the official
department
website
.

(d)

The commissioner shall cause to be published no less than six (6) times per year and no more than twelve (12) times per year, in newspapers of general circulation within the state that meet the requirements of legal newspapers pursuant to W.S. 18
‑
3
‑
519, a public service announcement pertaining to insurance which shall include a description of how citizens may access information about licensed insurance companies on the official department website. The cost of the publications shall be shared equally among all insurers required to file an annual statement pursuant to W.S. 26
‑
3
‑
123 and each insurer shall pay its share of the cost of publication upon receipt of a statement from the department. The department shall report to the joint corporations, elections and political subdivisions interim committee on or before July 1, 2015 concerning any public response to the public service announcements required by this subsection.

Section 2.
W.S. 26
‑
3
‑
126(c) is repealed.

Section
3
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

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