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Wyoming insurance laws

Insurance regulations, rate filing requirements, department info, and recent bulletins for Wyoming. Updated Apr 1, 2026.

1 new regulatory update detected

Wyoming DOI page content changed

Wyoming DOI Website · Apr 9, 2026

Department of Insurance

DepartmentWyoming Department of Insurance
CommissionerJeffrey P. Rude
Rate Filing SystemModified Prior Approval
Regulatory CodeWyo. Stat. Title 26 (Insurance Code), §§ 26-1-101 through 26-55-118
Overview

Wyoming operates a modified prior approval rate system where competitive markets use File and Use procedures, while noncompetitive markets require 30-day prior approval. The state maintains a monopolistic workers' compensation system administered by the Department of Workforce Services. Wyoming has not expanded Medicaid and uses the federal health insurance marketplace. The Insurance Department, led by Commissioner Jeffrey P. Rude since 2019, emphasizes consumer protection and market competitiveness, recently rescinding all historical exemptions to ensure full compliance with the Insurance Code.

Auto Insurance

Min Pd$20,000
Pip MinNot applicable
StatuteWyo. Stat. §§ 31-9-401 through 31-10-101
Fault SystemTort (at-fault)
Min Bi Per Person$25,000
Uninsured PenaltyFine of $500-$1,500 and/or imprisonment up to 6 months (Wyo. Stat. § 31-4-103); license suspension
Min Bi Per Accident$50,000
Sr22 Duration Years3
Noncompliance PenaltyInsurers failing to comply with rate and form filing requirements subject to fines up to $1,000 per violation (Wyo. Stat. § 26-2-110); license suspension or revocation for repeated violations
Rate Filing RequirementFile and Use in competitive markets; Prior Approval with 30-day waiting period in noncompetitive markets (Wyo. Stat. § 26-14-107)
Avg Full Coverage Premium$1,760

Notable Laws

  • Wyo. Stat. § 31-9-405 - Mandatory liability insurance minimums ($25,000/$50,000/$20,000)
  • Wyo. Stat. § 31-10-101 - Required offer of uninsured motorist coverage; can be rejected in writing
  • Wyo. Stat. § 31-4-103 - Penalties for driving without insurance ($500-$1,500 fine, up to 6 months jail)
  • Wyo. Stat. § 26-2-134 - Credit scoring allowed for underwriting but cannot be sole basis for denial
  • Wyo. Stat. § 31-9-403 - SR-22 financial responsibility filing requirements for 3 years post-DUI

Homeowners Insurance

StatuteWyo. Stat. §§ 26-23-101 through 26-35-203
Wind PoolNone
Fair Plan NameNone
Noncompliance PenaltyFines for unfair trade practices; violations of notice requirements subject to fines and license actions; unfair claims settlement penalties
Rate Filing RequirementFile and Use in competitive markets; 30-day Prior Approval in noncompetitive markets (Wyo. Stat. § 26-14-107)

Notable Laws

  • Wyo. Stat. § 26-35-203 - 45-day notice required for nonrenewal; 90 days for professional liability
  • Wyo. Stat. § 26-35-202 - 45-day cancellation notice (10 days for nonpayment)
  • Wyo. Stat. § 26-23-107 - Prohibition on nonrenewal after single natural disaster claim within 3 years
  • Wyo. Stat. § 26-2-134 - Credit scoring allowed but cannot be sole basis for adverse action
  • Wyo. Stat. § 26-15-124 - 45-day claim payment deadline for property and casualty claims

Recent Bulletins

Rescission of All Exemptions Due To Past Non-Competitive Insurance Markets

#Bulletin No. 01-20262026-01-22Effective: 2026-01-22

Wyoming Department of Insurance rescinds all previous exemptions granted to insurers based on non-competitive market conditions from the 1980s. All insurers must now comply fully with Wyoming Insurance Code provisions. Effective immediately.

View bulletin

Company Address Change Requirements

#Memorandum2026-01-12Effective: 2026-01-12

Requires insurers to update contact information within 30 days of any change to ensure compliance with communication requirements, including appointment renewals and consumer complaint correspondence, as required by SF0052 (2025).

View bulletin

Mandatory Use of NAIC OPTins System for Premium Tax Filings

#Memorandum2025-10-15Effective: 2026-03-01

Beginning with 2025 Annual Statement filings due March 1, 2026, insurers must use the NAIC Online Premium Tax for Insurance System (OPTins) for all premium tax filings in Wyoming.

View bulletin

Implementation of Ensuring Transparency in Prior Authorization Act (HB0014)

#Bulletin2024-03-04Effective: 2024-07-01

Guidance on compliance with new prior authorization requirements for health insurers, including gold carding provisions, decision timelines (72 hours urgent, 5 days nonurgent), and prohibition on prior authorization for opioid use disorder medications.

View bulletin

2024 Workers Compensation Rate Decrease

#Bulletin No. 2023-032023-06-15Effective: 2024-01-01

Notice of approved industry base rate decrease for workers compensation coverage. Employers will see rate reductions effective January 1, 2024, reflecting improved loss experience in Wyoming's state fund.

View bulletin

Recent Law Changes

HB00142024Health Insurance

Ensuring Transparency in Prior Authorization Act

Establishes comprehensive prior authorization regulations for health insurers, including gold carding exemptions for high-performing providers, mandatory decision timelines (72 hours for urgent, 5 days for nonurgent services), prohibition on prior authorization for opioid use disorder medications and initial rehabilitative therapy visits, and continuity of care requirements.

Health insurers and providers affected; streamlines authorization processes, reduces administrative burden, and improves patient access to care.

Effective: 2024-07-01

HB00152024Health Insurance

Health Insurance Overpayment Reimbursement Limitations

Limits the time period during which health insurers may request reimbursement for overpayment of claims to two years. Applicable to all health care providers and health insurers operating in Wyoming.

Health care providers affected; provides certainty and prevents insurers from seeking repayment of old claims beyond reasonable timeframes.

Effective: 2024-07-01

HB00252024Health Insurance

State Medicaid Inquiry Response Requirements

Requires health insurers to respond to Wyoming Medical Assistance and Services program inquiries within 60 days, improving coordination between private insurers and Medicaid for cost recovery purposes.

Health insurers affected; ensures timely responses to state inquiries for third-party liability and coordination of benefits.

Effective: 2024-07-01

SF00522025All Insurance Types

Insurance Code Administrative Updates

Amends the definition of insurance transaction, applies original certificate of authority requirements to all certificates, requires insurers to update contact information within 30 days of changes, updates service of process requirements from registered to certified mail, and repeals certain outdated reporting requirements.

All insurers and licensees affected; modernizes administrative requirements and improves Department communication capabilities.

Effective: 2025-07-01

SF00502025All Insurance Types

Insurance Holding Company System Regulatory Act Amendments

Amends the Insurance Holding Company System Regulatory Act to enhance regulatory oversight of insurance holding company systems, including updated reporting requirements and corporate governance standards.

Insurance holding companies affected; strengthens regulatory oversight and financial solvency monitoring.

Effective: 2025-07-01

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