SF 50 Wyoming House · 2025 Regular Session

Insurance holding company regulations-amendments.

Wyoming's SF 50 amends insurance holding company regulations to restrict how insurers and others can publicly discuss key financial metrics. It prohibits using group capital calculations, liquidity stress test results, or related information to rank insurers or make misleading statements about them. The bill also creates new definitions for terms like "group capital ratio" and clarifies that certain small financial transactions (under 0.5% of assets) don't require disclosure. This directly affects insurance companies and holding groups that must file these calculations with regulators. The law aims to prevent public confusion while allowing insurers to rebut false statements about their financial data.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Jan 2025
House Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 14, 2025 Signed Mar 5, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced Enrolled · 3 edits · Mar 5, 2025
MINOR
The bill was finalized and enrolled, converting it from a draft Senate file to an official enrolled act. The substantive content remains largely the same, focusing on regulating how insurance holding company financial data like group capital calculations and liquidity stress tests are used and disclosed. The main change is the addition of a new exemption for small insurance holding company systems with only one insurer, simplifying reporting requirements for smaller entities.
Scope change
Added an exemption for insurance holding company systems with only one insurer that writes business only in its domestic state and assumes no business from other insurers.
ELIGIBILITY

Created a new exemption allowing small insurance holding company systems with a single insurer to skip filing group capital calculations if they only operate in their home state and do not assume business from other insurers.

TECHNICAL

Converted the document from a draft Senate file format to an official enrolled act format with updated headers and legislative session information.

DEFINITION

Added a new definition for 'Third-party consultant designated by the commissioner' to clarify which external service providers can be contracted for regulatory purposes.

Floor votes · Senate Jan 20, 2025 · House Mar 3, 2025

How they voted

207
Passed · 4 other
Total votes 31
Jan 20, 2025
D Democratic2
2 Yea
100% Yea
R Republican29
18 Yea 7 Nay 4
62% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
7
Committee
4
Mar 5, 2025
Signed into law
Governor Signed SEA No. 0064
legislature
Mar 3, 2025
Lower · Passed
H 3rd Reading:Passed 49-10-2-0-1
lower
Feb 28, 2025
Lower · Passed
H COW:Passed
lower
Feb 24, 2025
Lower · Passed
H07 - Corporations:Recommend Do Pass 8-0-0-0-1
lower
Feb 18, 2025
Introduced
H Introduced and Referred to H07 - Corporations
lower
Jan 20, 2025
Upper · Passed
S 3rd Reading:Passed 20-7-4-0-0
upper
Jan 16, 2025
Upper · Passed
S COW:Passed
upper
Jan 15, 2025
Upper · Passed
S07 - Corporations:Recommend Do Pass 5-0-0-0-0
upper
Jan 14, 2025
Introduced
S Introduced and Referred to S07 - Corporations
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.