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2020 Wyoming Statutes
Title 26 - Insurance Code
Chapter 54 - Corporate Governance Annual Disclosure
Section 26-54-108 - Sanctions.
Universal Citation: WY Stat § 26-54-108 (2020)
26-54-108. Sanctions.
Any insurer failing, without just cause, to timely file the CGAD required by this act shall be required, after notice and hearing, to pay a penalty of one hundred dollars ($100.00) for each day that the CGAD is not filed, to be recovered by the commissioner. The maximum penalty due under this section shall be five thousand dollars ($5,000.00). The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
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