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HB0071 • 2025

Insurance fraud reporting.

AN ACT relating to the insurance code; requiring the reporting of insurance fraud; requiring cooperation in investigations of insurance fraud; providing immunity from civil liability for reporting and cooperating in investigations of insurance fraud; providing a definition; requiring rulemaking; and providing for effective dates.

Elections Technology
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Corporations
Last action
2025-02-03
Official status
inactive
Effective date
3/1/2025

Plain English Breakdown

The bill did not pass and was not considered for introduction, which means there are no effective dates applicable.

Insurance Fraud Reporting

This act requires insurance companies and their agents to report suspected fraud and cooperate with investigations, providing them immunity from civil liability if they do so in good faith.

What This Bill Does

  • Defines 'insurance fraud' as knowingly presenting false information or concealing material facts related to an application for issuance of an insurance policy or a claim under the policy.
  • Requires individuals engaged in or conducting the business of insurance to report suspected insurance fraud to the commissioner within sixty days of discovering it.
  • Mandates full cooperation with investigations into insurance fraud by providing necessary information as requested by the commissioner.
  • Provides immunity from civil liability for reporting and cooperating in investigations, provided there is no malice involved.

Who It Names or Affects

  • Insurance companies
  • Individuals engaged in or conducting the business of insurance

Terms To Know

Immunity from civil liability
Protection against being sued for certain actions, like reporting suspected fraud.
Insurance fraud
An act or omission committed by a person who knowingly and with intent to defraud presents false information or conceals material facts related to an insurance application or claim.

Limits and Unknowns

  • The bill did not pass and was not considered for introduction.
  • It is unclear how the rules necessary for implementation will be promulgated since the bill did not become law.

Bill History

  1. 2025-02-03 House

    H Did not Consider for Introduction

  2. 2025-01-02 House

    H Received for Introduction

  3. 2024-12-20 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
25LSO-0206
2025
STATE OF WYOMING
25LSO-0206
Numbered
2.0

HOUSE BILL NO. HB0071

Insurance fraud reporting.

Sponsored by: Joint Corporations, Elections & Political Subdivisions Interim Committee

A BILL

for

AN ACT relating to the insurance code; requiring the reporting of insurance fraud; requiring cooperation in investigations of insurance fraud; providing immunity from civil liability for reporting and cooperating in investigations of insurance fraud; providing a definition; requiring rulemaking; and providing for effective dates.

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

Section 1
.

W.S. 26
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13
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401 through 26
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13
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404 are created to read:

ARTICLE 4
INSURANCE FRAUD REPORTING

26
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13
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401.

Definitions.

(a)

As used in this article:

(i)

"Insurance fraud" means an act or omission committed by a person who knowingly and with intent to defraud commits or conceals any material information by presenting, causing to be presented or preparing with knowledge or belief that it will be presented to or by an insurer, a reinsurer, a broker or its agent false information as part of, in support of or concerning a fact material to one (1) or more of the following:

(A)

An application for the issuance of, or the rating of, an insurance policy for personal or commercial insurance;

(B)

A claim for payment or other benefit pursuant to an insurance policy for commercial or personal insurance that the person knows to contain materially false information concerning any fact material thereto or conceals, for the purpose of misleading, information concerning any fact material thereto.

26
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13
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402.

Requirement to report insurance fraud.

A person who engages in or conducts the business of insurance in this state who knows or has reason to believe that insurance fraud is being, will be or has been committed by another person shall report the insurance fraud or suspected insurance fraud to the commissioner in the manner prescribed by rule of the commissioner not later than sixty (60) days after discovering the insurance fraud or suspected insurance fraud.

26
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13
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403.

Requirement to fully cooperate with investigations of insurance fraud.

A person who engages in or conducts the business of insurance in this state shall fully cooperate with the commissioner in any investigation of insurance fraud or suspected insurance fraud by providing the commissioner the information required by and in the manner prescribed by the commissioner, subject to all confidentiality requirements that would otherwise apply to the information under law.

26
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13
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404.

Immunity from civil liability.

In the absence of malice, a person who engages in or conducts the business of insurance in this state shall not be subject to civil liability for reporting insurance fraud or suspected insurance fraud to the commissioner pursuant to W.S. 26
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13
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402 or for cooperating with the commissioner in any investigation of insurance fraud or suspected insurance fraud pursuant to W.S. 26
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13
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403. Nothing in this section shall be construed to limit a person's immunity from liability under W.S. 26
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2
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131(b).

Section 2.

The department of insurance shall promulgate all rules necessary to implement this act.

Section 3
.

(a)

Except as otherwise provided by subsection (b) of this section, this act is effective July 1, 2025.

(b)

Sections 2 and 3 of this act are 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)

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HB0071