Plain English Breakdown
The official source material does not mention updates to an existing annual reporting requirement, only that the commissioner may now require such reports at their discretion with proper notice.
Medical Malpractice Reporting Update
This law allows the Wyoming Insurance Commissioner to require insurance companies to report medical malpractice claims and sets a three-month notice period for such requirements.
What This Bill Does
- Gives the Insurance Commissioner permission to ask insurance companies to report medical malpractice claims.
- Requires the Insurance Commissioner to give at least three months' notice before requiring reports from insurers.
Who It Names or Affects
- Insurance companies that provide health care malpractice coverage in Wyoming
- The Wyoming Insurance Commissioner
Terms To Know
- Medical Malpractice
- When a healthcare provider makes a mistake or does not follow the standard of care, causing harm to a patient.
- Insurance Commissioner
- The person in charge of regulating insurance companies and ensuring they operate fairly and responsibly.
Limits and Unknowns
- Does not specify what happens if an insurer does not comply with the reporting requirements.
- It is unclear how often the Insurance Commissioner will use this new discretion to require reports.