WY Insurance Memorandum 9-2022

Medical malpractice reporting requirements

Year: 2022Length: 256 wordsOfficial source
[LOGO] Mark Gordon Governor # THE STATE OF WYOMING # Department of Insurance 106 E. 6th Ave. • Cheyenne, Wyoming 82002 Jeffrey P. Rude Commissioner To: All Companies Writing Medical Malpractice Insurance in Wyoming From: Jeffrey P. Rude, Insurance Commissioner Date: September 16, 2022 Subject: Proposed Statutory Changes Pursuant to Wyo. Stat. § 26-3-124, any insurer writing coverage for health care malpractice in Wyoming is required to file an annual report with the commissioner of all claims and awards or settlements given in cases against health care providers involving medical malpractice. At this time, there appears to be a competitive market for medical malpractice insurance in Wyoming. As a result, the Department of Insurance (the "Department") is proposing changes to the reporting requirements of Wyo. Stat. § 26-3-124 to change the mandatory annual reporting of medical malpractice information to reporting required at the discretion of the Commissioner upon at least six (6) months advance notice. This proposed change is intended to reduce the reporting burden on insurers providing medical malpractice insurance, but to allow for collection of the statutorily identified information should the information again be needed. The Department encourages all insurers writing medical malpractice insurance in Wyoming to monitor this proposed legislation to ensure that all public comments are received for consideration by the Wyoming legislation. Any questions regarding the proposed legislation may be directed to Tana Howard, Deputy Insurance Commissioner, at 307-777-7401 or by emailing tana.howard@wyo.gov. Administration (307) 777-7401 • Fax (307) 777-2446 • https://doi.wyo.gov/ • Licensing (307) 777-7319 • Consumer Affairs (307) 777-7402