Bill > HB0071

This bill establishes new regulations for reporting and investigating insurance fraud in Wyoming. It defines insurance fraud as knowingly presenting false information on insurance policy applications or claims with intent to deceive, and requires insurance businesses to report any suspected fraud to the state insurance commissioner within 60 days of discovery. The bill mandates that insurance entities fully cooperate with fraud investigations by providing requested information while maintaining existing confidentiality requirements. To encourage reporting, the legislation provides civil liability protection for insurance businesses that report suspected fraud or assist in investigations, as long as they act without malice. The bill also defines specific parameters of what constitutes insurance fraud, including false statements on policy applications or claims that materially misrepresent facts. The Department of Insurance is required to create rules implementing these provisions, with most of the bill becoming effective on July 1, 2025, while some administrative sections take effect immediately upon the bill becoming law. The primary goal is to create a more robust system for detecting and preventing fraudulent insurance practices by establishing clear reporting obligations and protecting those who help uncover potential fraud.

Corporations, Elections and Political Subdivisions (Joint)

https://www.wyoleg.gov/Legislation/2025/HB0071