Plain English Breakdown
The candidate explanation included an amendment to disability insurance that is not fully supported by the official source material. The bill amends the definition of disability insurance but does not specify how it affects existing laws beyond including subscription plans for air ambulance transport services.
Air Ambulance Memberships and Disclosures
This act requires companies offering air ambulance transportation memberships to provide specific disclosures in writing and sets penalties for not following these rules.
What This Bill Does
- Creates a new law that requires written disclosures for air ambulance transportation memberships.
- Specifies the exact wording that must be included in membership agreements, advertisements, and marketing materials.
- Exempts air ambulance transportation memberships from being regulated as insurance by the Wyoming Department of Insurance.
- Requires the department of insurance to create rules to enforce this new law.
Who It Names or Affects
- Companies offering air ambulance transportation memberships and subscriptions in Wyoming
- People who purchase or consider purchasing air ambulance transportation memberships
Terms To Know
- Air Ambulance Transportation Membership
- A contract, certificate, or agreement that provides access to air ambulance services for a fee.
- Disability Insurance
- Insurance covering expenses related to sickness or injury, now including subscription plans for air ambulance transport services.
Limits and Unknowns
- The bill does not specify the exact penalties for failing to provide required disclosures.
- It is unclear how many companies will be affected by this new regulation.
- This bill was marked as inactive and did not pass in its current session.