2018 Wyoming Statutes
TITLE 26 - INSURANCE CODE
CHAPTER 14 - RATES AND RATING ORGANIZATIONS
SECTION 26-14-109 - Advisory organizations; registration required; authorized activities; availability of services.
26-14-109. Advisory organizations; registration required; authorized activities; availability of services.
(a) No advisory organization shall provide any service relating to the rates of any insurer subject to this chapter, and no insurer shall utilize the services of such organization for such purposes unless the organization has registered under subsection (d) of this section.
(b) A registered advisory organization may perform any of the following activities:
(i) Develop statistical plans including territorial and class definitions;
(ii) Collect statistical data from members, subscribers or any other source;
(iii) Prepare and distribute pure premium data, adjusted for loss development and loss trending, in accordance with its statistical plans, and prepare and distribute rates including expenses and profits;
(iv) Prepare and distribute manuals of rating rules and rating schedules;
(v) Distribute information that is filed with the commissioner and open to public inspection;
(vi) Conduct research and on-site inspections in order to prepare classifications of public fire defenses;
(vii) Consult with public officials regarding public fire protection as it would affect members, subscribers and others;
(viii) Conduct research and collect statistics in order to discover, identify and classify information relating to causes or prevention of losses;
(ix) Prepare and file on behalf of an insurer policy forms and endorsements and consult with members, subscribers and others relative to their use and application;
(x) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
(xi) Collect, compile and distribute past and current prices of individual insurers if such information is made available to the general public;
(xii) Notwithstanding any other provision of law, advisory organizations may perform those activities allowed under W.S. 26-23-301 through 26-23-333.
(c) Repealed by Laws 1987, ch. 195, § 2.
(d) No advisory organization shall refuse to supply any authorized services for which it is registered in this state to any insurer authorized to do business in this state and offering to pay the fair and usual compensation for the services, nor shall an advisory organization require the purchase of any specific services as a condition to obtaining the services sought, provided the furnishing of the requested services does not place an unreasonable burden on the advisory organization.
(e) An advisory organization shall submit at the time of registration:
(i) A copy of its constitution, articles of association or incorporation, bylaws and any other rules or regulations governing the conduct of its business;
(ii) A list of its members and subscribers;
(iii) The name and address of one (1) or more residents of this state upon whom notices, process affecting it or on orders of the commissioner may be served;
(iv) Any other relevant information and documents that the commissioner may require.
(f) Every organization which has registered shall promptly notify the commissioner of every material change in the facts or in the documents on which its registration was based.
