Recission of All Exemptions Due to Past Non-Competitive Insurance Markets

THE STATE OF WYOMING Mark Gordon Govemor FROM DATE SUBJECT D epartment of Ins urance 106 E.6th Ave. . Cheyenne, Wyoming 82002 BULLETIN NO. OI-2026 All Insurers, Producers, and Surplus Lines Brokers Jeffrey P. Rude, Wyoming Insurance Commissioner JaruNy 22,2026 Rescission of All Exemptions Due To Past Non-Competitive Insurance Markets Jeffrey P. Rude Commissioner TO As a result of past non-competitive insurance markets in Wyoming, the Department previously provided notifications indicating that certain lines of business were exempt from identified provisions of the insurance code. At this time, Wyoming enjoys a robust insurance market and there are no longer any noncompetitive insurance markets in Wyoming. Accordingly, all previously identified exemptions from provisions of the insurance code as a result of non-competitive insurance markets, including but not limited to exemptions from the provisions olW.S. 26-11-10a(a)(ii), 26-l l-1O4(a)(iii), 26- 11-105, and 26- 15-i l0(dxiii), are hereby withdrawn, effective immediately. An Order vacating the previously granted exemptions has been entered contemporaneously with this Bulletin, a copy of which is available on the Department website. Accordingly, and effective as of the date of this Bulletin, all insurers who wish to do business or continue to do business in Wyoming shall comply with all applicable provisions of the Wyoming insurance code and Department regulations. If there are any questions regarding any of the above information, please feel free to contact the Department at 30'7 -'777-7 401. Administration (307) 777-7401 ' Fa\ (307) 771-2446 ' httpsr/doi.wyo.gov/ ' Licensing (307) 777-7319 ' Consumer Affats(307)717-7402 STATE OF W}'o}IING Docket: 26-04 OMNIBUS ORDER REGARDING EXEMPTIONS PROVIDED WHILE INSURANCE MAKET WAS NON-COMPETITIVE WHEREAS, in or about the 1980's, it was determined by the Insurance Commissioner that certain areas of the insurance market in Wyoming was not competitive in that it did not have suffrcient admitted insurers willing to cover certain types of risks, including but not limited to, Lawyers Professional Liability insurance, school board errors and omissions, real estate agents errors and omissions, insurance agents errors and omissions, directors and officers errors and omissions, statejudges professional tiability, psychologists professional liability, psychiatric liability, mental health counselor's professional liability, social service agency professional liability, pollution liability, and public officials liability policies; and WHEREAS, in an attempt to improve the availability of insurance, the Insurance Commissioner entered a variety oforders allowing for exemptions from certain requirements ofthe insurance code for the noncompetitive lines of insurance; and WHEREAS, the Orders entered by the Insurance Commissioner included, but may not be limited to, the order entered April 3, 1985 in docket number 85-21 which allowed exporting certain liability coverage to surplus lines without compliance with W.S. S$ 26- 11- 104 (a)(ii), W.S. 26-ll-104 (a)(iii) and 26-11-105; and the Order entered September 8, 1986 in docket 85-74 which allowed certain insurance policies to be used without being filed for approval with the Insurance Department as required by W.S. $ 26-15-l l0(d)(iii); and WHEREAS, since 1980's, the insurance market in Wyoming has improved considerably and is now considered to be a competitive market for all insurance lines, thereby nullifuing the need for the exemptions afforded by the above-identified orders; and DEPARTMENT OF INSURANCE WHEREAS, it has come to the attention of the current Insurance Commissioner that some insurers are continuing to rely on the exemptions afforded under the Orders previously entered when the insurance marke! was noncompelitive. NOW THEREFORE, IT IS HEREBY ORDERED that all orders previously entered by the lnsurance Department that allowed exemptions from compliance with the insurance code or any of the Department's rules or regulations on the basis of a noncompetitive insurance market, including but not limited to the Orders entered in docket 85-21 and 85-74, are hereby VACATED; and IT IS FURTHER ORDERED that any insurer who wishes to do or continue to do business in Wyoming shall follow all applicable provisions oflhe insurance code. 5) DATED thisTJ day of January, 2026. WYOMING DEPARTMENT OF INSURANCE By: -a- , Y----2,/o I J"ff6P Rra6- Insurancc Commissioner