Wyoming Commissioner of Insurance

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Wyoming Commissioner of Insurance
General information
Office Type:  Nonpartisan
Office website:  Official Link
2013-2014 FY Budget:  $61,567,609
Term limits:  None
Structure
Authority:  Wyoming Code Title 26, Chapter 2, Article 1
Selection Method:  Appointed by governor
Current Officeholder

Tom Glause.jpg
Name:  Tom Glause
Assumed office:  January 3, 2015
Compensation:  $100,567
Other Wyoming Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurer • Auditors: AuditorDirectorSuperintendent of EducationDirector of EducationAgriculture CommissionerInsurance CommissionerLabor CommissionerPublic Service Commission
The Wyoming Commissioner of Insurance is an appointed position in the Wyoming state government. The insurance commissioner is responsible for regulating the state's insurance industry.[1]

Current officeholder

The current officeholder is Tom Glause. He was appointed commissioner by Governor Matt Mead (R) on January 3, 2015.[2][3]

Authority

The Wyoming Department of Insurance was established by state statute in 1919, with the chief officer designated the "insurance commissioner."[4]

Qualifications

Title 26, Chapter 2, Article 1 of the Wyoming Code establishes the qualifications of the office:

No individual is eligible for appointment to or shall hold the office of commissioner unless he is a qualified elector of this state and free of conflicting interests as specified in W.S. 26-2-107.
  • a qualified elector of Wyoming
  • not connected with the management of or be financially interested in any insurer, insurance agency or insurance transaction except as a claimant under a policy
  • shall not engage in any other business or occupation interfering or inconsistent with department duties, except that as to those matters in which a conflict of interest does not exist on the part of any individual, the commissioner may employ or retain insurance actuaries, accountants or other technicians who are independently practicing their professions even though similarly employed or retained by insurers or others
  • shall not be given or receive any fee, compensation, loan, gift or other thing of value in addition to the compensation and expense allowance provided by law

Appointments

Wyoming state government organizational chart

According to Title 26, Chapter 2, Article 1 of the Wyoming Code, the commissioner shall be appointed by the governor.[5]

Vacancies

Title 26, Chapter 2, Article 1 of the Wyoming Code details how vacancies in the office are filled. In the event of a vacancy for any reason, the governor shall fill the vacancy in accordance with Wyoming Statute § 28-12-101.

The governor appoints a successor, with the advice and consent of the state Senate. In the event that the legislature is not in session when the position becomes vacant, the governor may fill the seat by temporary appointment to be effective until March 1 of the ensuing calendar year.[6]

Duties

The Department of Insurance is responsible for licensing and regulating individuals and agencies involved in the insurance industry, including insurance companies, risk retention and purchasing power groups, motor clubs, preneed funeral homes, agents, brokers, adjusters, and consultants.

  • Licensing - The department licenses insurance companies who conduct business in Wyoming, and issues resident and nonresident insurance producer licenses.
  • Examination - The department oversees financial solvency examinations of insurance companies, examines preneed funeral trusts, and conducts field examinations of resident insurance agencies.
  • Consumer complaints - The department investigates consumer complaints and works to resolve issues on insurance-related matters.
  • Policy filings - The department reviews policy form filings for compliance and noncompliance with insurance laws and regulations.
  • Premium tax collection - The department collects premium tax from all insurance entities conducting business within the state.[1]

The Wyoming Code outlines the duties that are specific to the commissioner of insurance:

  1. personally supervise the department operations
  2. examine and inquire into violations of Title 26 of the Wyoming Code
  3. enforce the state code with impartiality
  4. execute the duties imposed upon him by this code
  5. have the powers and authority expressly conferred upon him by or reasonably implied from this code
  6. immediately pay to the state treasurer for deposit in the general fund, unless otherwise specifically provided, any monies paid to him under this code
  7. have any additional powers and duties as may be provided by other laws of this state[7]

Divisions

The Wyoming Department of Insurance is divided into the following internal sections:

  • The Examination Section "is responsible for the licensing and regulation of insurance companies, the financial solvency examinations and financial analysis of domestic insurance companies, premium tax collection and reconciliation, and other financial matters."[8]
  • The Licensing Section "is responsible for the licensing of insurance producers and adjusters, approval of continuing education courses for licensees, and the tracking of continuing education requirements for licensees."[8]
  • The Consumer Affairs Section "is responsible for investigating consumer insurance complaints and responding to consumer insurance inquiries."[8]
  • The Policy Review Section "is responsible for the review and approval/disapproval of insurance policy form filings, and in some cases, the review and approval/disapproval of insurance rates."[8]

State budget

See also: Wyoming state budget and finances

The budget for the Insurance Department in Fiscal Year 2013-2014 was $61,567,609.[9]

Compensation

2014

In 2014, the commissioner received a salary of $100,567, according to the Council of State Governments.[10]

2013

In 2013, the commissioner received a salary of $100,567, according to the Council of State Governments.[11]

2010

In 2010, the commissioner received a salary of $101,567, according to the Council of State Governments.[12]

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the Wyoming Commissioner of Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

State profile

Wyoming's population in 2014 was 584,153.

Wyoming's population in 2014 was 584,153 according to the United States Census Bureau. This estimate represented a 3.6 percent change from the bureau's 2010 estimate. The state's population per square mile was 5.8 in 2010, trailing the national average of 87.4. Wyoming experienced a 2.8 percent increase in total employment from 2011 to 2012 based on census data, exceeding a 2.2 percent increase at the national level during the same period.[13]

Demographics

Wyoming fell below the national average for residents who attained at least bachelor's degrees based on census data from 2009 to 2013. The United States Census Bureau found that 24.7 percent of Wyoming residents aged 25 years and older attained bachelor's degrees compared to 28.8 percent at the national level. The median household income in Wyoming was $57,406 between 2009 and 2013 compared to a $53,046 national median income. Census information showed a 10.9 percent poverty rate in Wyoming during the study period compared to a 14.5 percent national poverty rate.[13]

Racial Demographics, 2013[13]
Race Wyoming (%) United States (%)
White 92.7 77.7
Black or African American 1.7 13.2
American Indian and Alaska Native 2.6 1.2
Asian 0.9 5.3
Two or More Races 1.9 2.4
Hispanic or Latino 9.7 17.1

Presidential Voting Pattern, 2000-2012[14][15]
Year Democratic vote in Wyoming (%) Republican vote in Wyoming (%) Democratic vote in U.S. (%) Republican vote in U.S. (%)
2012 27.6 68.2 51.1 47.2
2008 32.4 64.4 52.9 45.7
2004 28.8 68.2 48.3 50.7
2000 27.3 66.7 48.4 47.9

Note: Each column will add up to 100 percent after removing the "Hispanic or Latino" percentage, although rounding by the Census Bureau may make the total one- or two-tenths off. Read more about race and ethnicity in the Census here.[16]

Recent news

This section displays the most recent stories in a Google news search for the terms "Wyoming Commissioner of Insurance."

Some of the stories below may not be relevant to this page due to the nature of Google's news search engine.

Wyoming Commissioner of Insurance - Google News Feed

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Contact information

Wyoming

Wyoming Insurance Department
106 East 6th Avenue
Cheyenne, WY 82002

Phone: 307-777-7401
Toll free: 1-800-438-5768
Fax: 307-777-2446

E-mail: Main department; Agent licensing

See also

External links

References

  1. 1.0 1.1 Wyoming Insurance Department, "Who we are and what we do," accessed August 24, 2011
  2. Wyoming Department of Insurance, "Commissioner's Corner," accessed January 22, 2015
  3. Insurance Journal, "Wyoming Governor Names Glause Insurance Commissioner," January 5, 2015
  4. Wyoming Code, "Title 26, Chapter 2, Article 1," accessed August 24, 2011
  5. Wyoming Code, "Title 26, Chapter 2, Article 1, Section 2," accessed August 24, 2011
  6. '"Wyoming Code, Title 28, Chapter 12, Article 1," accessed August 24, 2011
  7. Wyoming Code, "Title 26, Chapter 2, Article 1, Section 109," accessed August 24, 2011
  8. 8.0 8.1 8.2 8.3 [E-mail communication with the Business Office Coordinator of the Wyoming Department of Insurance, August 29, 2011]
  9. Wyoming Department of Administration and Information, "Department Budget Summary Office of the Governor 2013-2014," accessed April 2, 2013
  10. Council of State Governments, "SELECTED STATE ADMINISTRATIVE OFFICIALS: ANNUAL SALARIES," accessed December 8, 2014
  11. Council of State Governments, Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 31, 2014
  12. The Council of State Governments, "The Book of States 2010 Table 4.11," accessed May 14, 2011
  13. 13.0 13.1 13.2 United States Census Bureau, "QuickFacts Beta," accessed April 3, 2015
  14. Wyoming Secretary of State, "Wyoming Election Results," accessed April 3, 2015
  15. The American Presidency Project, "Presidential Elections Data," accessed April 3, 2015
  16. United States Census Bureau, "Frequently Asked Questions," accessed April 21, 2014