LATEST PUBLIC SERVICE ANNOUNCEMENTS

Home Page Slider

Learn about insurance, request assistance, search for an agent, agency, company, and more...

Obtain or renew a license, view continuing education information, and more...

Find information for and about companies, along with financial filing details.

LATEST NEWS

Insurance License Scam Warning

It has come to the Department’s attention that a common fraud scheme has been adapted to target people who hold insurance licenses. In this scheme, scam artists identify themselves as Department of Insurance staff or investigators and notify the licensee that they are under investigation, that their license may be suspended or revoked, or that an arrest warrant has been issued in the licensee’s name. They will then request money to “resolve the problem”.

This scheme is similar in nature to the well-known schemes where scam artists will identify themselves as FBI, Social Security, or IRS agents. The callers may also be “spoofing” phone numbers to make the calls appear to be coming from the State of Wyoming.

While we have not heard of this particular scam being targeted towards Wyoming insurance licensees yet, it is best to be aware that it has been an issue in other states. If you do receive a call, ask the person calling to verify personal information that would be stored in our systems but not accessible to the public. This information could be a residence address, date of birth, or personal email address. The Wyoming Department of Insurance will NEVER request any form of payment other than a check. We cannot accept credit cards over the phone, and we have no desire to be paid in gift cards.

Please note that the Wyoming Department of Insurance may ask you to verify your social security number if you cannot produce your license number or national producer number. Be sure you are certain that you are speaking to a staff member of the Department of Insurance before giving out any personal information! If you are unsure, hang up, call the main line of the Department at 307-777-7401, and ask to speak with the person that called you.

The Wyoming Department of Insurance is committed to keeping personal information secure. If you ever have any suspicions that your information has been compromised please contact the Department at wyinsdep@wyo.gov or 307-777-7401.

Designated Responsible Licensed Producer Purpose and Responsibilities

TO: RESIDENT AND NON-RESIDENT INSURANCE PRODUCER FIRMS AND SURPLUS LINES BROKERAGES
FROM BRYAN STEVENS, LICENSING SUPERVISOR
RE: DESIGNATED RESPONSIBLE LICENSED PRODUCERS
DATE: SEPTEMBER 1, 2021

This memorandum serves to clarify the purpose and responsibilities of a Designated Responsible Licensed Producer, also known as a DRLP or DLP, in the State of Wyoming.

Every organization holding a business entity insurance license in the State of Wyoming must designate one to five individuals as the DLP(s). The DLP(s) are responsible for the business entity’s compliance with the insurance laws, rules, and regulations of the State of Wyoming. This includes making sure that all employees of the organization are acting within the boundaries of Wyoming statutes and regulations.

For example, if Joe Agent of ABC Insurance Agency is found to have violated Wyoming statutes or regulations ABC Insurance Agency will also be investigated. If it is found that ABC Insurance Agency did not properly supervise the actions of Joe Agent both ABC Insurance Agency and Joe Agent may be sanctioned. If ABC Insurance Agency is sanctioned all DLPs of the agency will be sanctioned as well. No one DLP may be found to have more supervisory responsibilities than another; all will be held equally accountable.

Furthermore, an entity is allowed a maximum of 5 DLPs. If an entity has more than 5 DLPs listed the Department will require them to update their list to reflect only the individuals that should be held accountable for the actions of the agency. We encourage all licensed business entities to verify their list of DLPs and keep it up-to-date.

If you have any questions about DLPs please utilize the Department’s contact form.

2022 Extension of Transitional Health Insurance Plans

To: All Companies Writing Individual & Small Group Health Insurance in Wyoming
From: Jeffrey P. Rude, Insurance Commissioner
Date: May 1, 2021
Subject: Extension of Transition Plans

On January 19, 2021, the Center for Consumer Information and Insurance Oversight (CCIIO) issued guidance that allows states the option to extend transitional policies for individual and small group health insurance plans to policy years beginning on or before October 1, 2022 provided that all policies end by January 1, 2023. The bulletin from CCIIO can be found at:

https://www.cms.gov/files/document/extension-limited-non-enforcement-policy-through-calendar-year-2022.pdf*.

In other words, states were given the option to extend transitional or “grandmothered” plans for individual and small group health insurance plans for PY2022.

Pursuant to the option provided to the states by CCIIO, the State of Wyoming will allow transitional policies for both the individual and small group health insurance markets to continue until January 1, 2023. A carrier is not required to continue to offer the transitional policies and may discontinue them, subject to state and federal rules on discontinuance, at their discretion. The Department advises insurers to continue to monitor CCIIO’s website for any subsequent guidance that may be issued on this subject and to follow it accordingly. As before, all other plans issued after January 1, 2014 must be compliant with the Affordable Care Act (ACA).

If insurers choose to renew their transitional policies, the policies may be renewed for no longer than 12 months and must end by January 1, 2023. The Department is not requiring insurers to renew their transitional policies. Insurers may determine at their discretion whether to renew transitional policies, so long as the determination is made on a non-discriminatory basis.

Furthermore, consumers may not purchase new transitional policies or switch to a different insurer to replace an existing transitional policy. Transitional policies that have been cancelled cannot be reinstated.

Questions regarding this notice can be directed to: Denise Burke, Senior Health Policy Analyst at Denise.Burke@wyo.gov or Tana Howard, Section Manager at Tana.Howard@wyo.gov. During the COVID-19 pandemic, the DOI remains open; however, many employees continue to work remotely. The DOI main desk can be reached at 307-777-7401 and the receptionist will see that your calls are directed to the appropriate person.

The mission of this agency is to enforce the insurance laws and regulations of the State impartially, honestly, and expeditiously; to serve the consumer of insurance; to encourage a healthy insurance marketplace; and to promote change to better serve the public interest. To this end, the highest ethical, professional, and work quality standards will be exercised in all formal and informal relationships with individuals, agencies, and companies affected by the policies and actions of the department. It is our commitment to be the best insurance regulatory agency in the United States.