Wyoming Department of Insurance

What Wyoming Department of Insurance does

The Wyoming Department of Insurance is a state government regulatory agency headquartered at 106 E 6th Ave in Cheyenne, Wyoming, established in 1890 upon statehood and operating under the authority of Title 26 of the Wyoming Insurance Code. With 11–50 employees, the department is led by Insurance Commissioner Jeffrey P. Rude and Deputy Commissioner Tana Howard, and is responsible for licensing and regulating insurance companies, agents, adjusters, and related entities; approving policy filings; investigating consumer complaints; monitoring the financial solvency of insurance companies; and collecting premium and surplus lines taxes. It maintains 226,171 active licenses and in 2025 issued 43,420 new licenses, processed 71,774 renewals, and handled 1,436 consumer inquiries while recovering $1.8 million for Wyoming consumers.

The agency's technology stack is built entirely on industry-standard third-party platforms rather than proprietary infrastructure: Sircon for producer licensing and compliance, the NAIC's SERFF system for rate and form filings, SLAS Clearinghouse for surplus lines reporting and premium tax, PearsonVue for licensing examinations, and NAIC OPTins for risk retention group premium tax filings. Document storage is handled via Google Drive. As a state entity, the department does not sell products or services commercially; its "revenue" consists of statutory collections — more than $38 million in premium tax and more than $17 million in licensing fees in 2025 — which are deposited into the State of Wyoming general fund.

The department serves four primary constituencies: Wyoming insurance companies (regulated entities), insurance producers/agents/adjusters (licensees), Wyoming consumers (complainants and beneficiaries), and third party administrators and PBMs (regulated specialty entities). The agency holds NAIC accreditation (awarded January 2025), participates in the International Association of Insurance Supervisors for cross-border supervision, and is currently implementing three major legislative acts effective July 1, 2025 (SEA 0064, SEA 0065, HEA 0012) plus the Gold Carding prior authorization rules effective January 1, 2026. Its mission is to enforce insurance laws impartially, serve consumers, encourage a healthy insurance marketplace, and promote regulatory change in the public interest.

Name

Wyoming Department of Insurance

Legal name

Wyoming Department of Insurance

Website

https://doi.wyo.gov

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

11–50 employees

Short description

The Wyoming Department of Insurance is a state government regulatory agency, headquartered in Cheyenne, that licenses and regulates insurance companies, agents, and adjusters in Wyoming; monitors insurer solvency; investigates consumer complaints; and collects premium and licensing taxes deposited to the state general fund.

Ownership category

akta.pro rank

Headquarters

HQ city

Cheyenne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Marketing channels4 records

Core offering

The Wyoming Department of Insurance is a state government regulatory agency that licenses and oversees insurance companies, producers, agents, adjusters, third party administrators, surplus lines brokers, and service contract providers operating in Wyoming. It reviews insurance policy form and rate filings for compliance, conducts financial solvency examinations of domestic insurers, investigates consumer complaints, administers the Wyoming Health Insurance Pool, processes premium and surplus lines tax collections, and operates the Medicare Supplement Birthday Rule and Independent Medical Claim Review processes.

Product overview

The Wyoming Department of Insurance is a state regulatory agency that does not sell traditional products but provides regulatory services including: producer, adjuster, and business entity licensing through Sircon; consumer affairs and complaint resolution; the Wyoming Health Insurance Pool (WHIP) for Medicare-disabled residents; Third Party Administrator and Service Contract Provider regulation; and company oversight including financial examinations and premium tax collection. The department uses industry-standard platforms including Sircon for licensing, NAIC SERFF for form filings, SLAS Clearinghouse for surplus lines, PearsonVue for exams, and Google Drive for document storage.

Differentiator

Problem solved

Functional benefit

Products and services

• Producer Licensing Licensing services for insurance producers (agents) including initial applications, renewals, address and name changes, exam scheduling through PearsonVue, continuing education tracking, and license printing through the Sircon platform.
• Adjuster Licensing Licensing for insurance adjusters including resident, non-resident, and designated home state (DHS) licenses, emergency CAT adjuster authorization, public adjusters, and crop insurance adjusters.
• Business Entity/Agency Licensing Licensing for insurance agencies and business entities including Designated Responsible Licensed Producer (DRLP) requirements, firm license applications, renewals, and reinstatement processes.
• Third Party Administrator (TPA) Licensing Licensing and regulation of third party administrators who underwrite, collect charges, or adjust and settle claims for insurance coverage in Wyoming.
• Surplus Lines Broker Licensing Licensing for surplus lines brokers who place business with non-admitted insurers, including reporting requirements and premium tax collection through the SLAS Clearinghouse.
• Title Agent Licensing Licensing for title insurance agents including exam requirements, appointment by insurers, and continuing education.
• Limited Lines Licensing Limited lines licenses for credit insurance, crop insurance, portable electronics, pre-need funeral, rental car, and travel/baggage coverage.
• Consultant Licensing Licensing for insurance consultants who provide advice for a fee regarding insurance needs, risks, coverages, or policy management.
• Service Contract Provider Registration Registration and regulation of service contract providers selling in Wyoming, including annual renewal requirements and compliance verification.
• Consumer Affairs Services Consumer complaint handling, inquiry resolution, claims assistance, and recovery of funds for Wyoming consumers ($1.8 million recovered in 2025), including information on filing complaints against insurance companies and agents.
• Wyoming Health Insurance Pool (WHIP) Health insurance pool for Wyoming residents denied adequate health insurance, currently offering Medicare Disabled Plan with Brown and Gold plan options, administered by Blue Cross Blue Shield of Wyoming.
• Medicare Supplement (Medigap) Birthday Rule Consumer protection provision allowing Medicare Supplement policyholders to evaluate and switch plans during their birthday plus 63 days without medical underwriting.
• Independent Medical Claim Review (IRO) External review process for insurance claims denied as not medically necessary, performed by licensed Independent Review Organizations (IRO) registered with the Department.
• Company Address Change Portal Electronic portal for insurance companies to update contact information, address, phone, and email within 30 days of changes as required by Wyoming statute (W.S. § 26-3-114(e)).

Quantifiable outcome

• Recovered $1.8 million for Wyoming consumers in 2025
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

One partnership is on record.

• National Association of Insurance Commissioners (NAIC)coreStrategic or Co-development PartnerThe Wyoming Department of Insurance participates in the NAIC, which establishes national standards and best practices for U.S. insurance regulators. Through NAIC, regulators conduct peer reviews and coordinate regulatory oversight to protect consumers while ensuring a strong insurance marketplace. Wyoming regulators also participate in the International Association of Insurance Supervisors (IAIS) for cross-border insurer supervision and systemic risk identification.

Scale indicators13 records

Recent moves6 records

Expansion highlights4 records

Others

• National Association of Insurance Commissioners (NAIC): The umbrella coordinating body of which Wyoming DOI is a member; provides accreditation, SERFF, OPTins, SLAS Clearinghouse, and IAIS coordination - the standards-setting and platform infrastructure layer that Wyoming DOI directly depends on.

Direct peers

• New York State Department of Financial Services: Regulates insurance carriers, producers, and adjusters in New York with the same mandate as Wyoming DOI - licensing, solvency monitoring, consumer protection - while also overseeing banking, making it a broader but functionally overlapping peer.
• Texas Department of Insurance: Texas state insurance regulator performing identical regulatory functions to Wyoming DOI: licensing, rate/form review, consumer protection, financial examinations of insurers, and workers' compensation oversight.
• Colorado Division of Insurance: Colorado's state insurance regulator, structurally equivalent to Wyoming DOI in mandate (carrier licensing, agent/adjuster licensing via Sircon, SERFF filings, consumer complaint handling), with a similar mountain-west state regulatory footprint.
• Florida Office of Insurance Regulation: Florida's dedicated state insurance regulator performing the same duties as Wyoming DOI across property/casualty and life/health lines, including form filing review, company licensing, and consumer assistance.
• Pennsylvania Insurance Department: Pennsylvania's state insurance regulator delivering the same licensing, financial examination, consumer protection, and form filing services as the Wyoming DOI under the same NAIC accreditation framework.
• California Department of Insurance: State-level insurance regulator in California performing the same core functions - licensing carriers/agents/adjusters, reviewing rate and form filings, investigating consumer complaints, and collecting premium taxes - as the Wyoming DOI, but at much larger scale.
• Illinois Department of Insurance: State insurance regulator with the same core functions as Wyoming DOI - producer licensing, company oversight, consumer complaint resolution, and SERFF-based rate/form review - serving a larger but analogous regulated population.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wydoi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Wyoming Department of Insurance