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Wyoming Commissioner of Insurance
| Wyoming Commissioner of Insurance | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $133,647 |
| 2024-26 FY Budget: | $19,143,257 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the governor |
| Authority: | Wyoming Code Title 26, Chapter 2, Article 1 |
| Selection Method: | Appointed by the governor |
| Current Officeholder(s) | |
Wyoming Commissioner of Insurance
Jeff Rude | |
| Other Wyoming Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditors: Auditor • Director • Superintendent of Education • Director of Education • Agriculture Commissioner • Insurance Commissioner • Labor Commissioner • Public 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 Wyoming Commissioner of Insurance is Jeff Rude (nonpartisan). Rude assumed office in 2019.
Authority
The Wyoming Department of Insurance was established by state statute in 1919, with the chief officer designated the "insurance commissioner."[2]
Qualifications
Title 26, Chapter 2, Article 1 of the Wyoming Code establishes the qualifications of the office. By law, the commissioner must be a qualified elector of Wyoming and must avoid insurance-related conflicts of interest.[3]
| 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. |
Appointments
According to Title 26, Chapter 2, Article 1 of the Wyoming Code, the commissioner is appointed by the governor.[4]
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 fills the vacancy in accordance with Wyoming Statute § 28-12-101.
The governor appoints a successor with the advice and consent of the state Senate. If the legislature is not in session when the position becomes vacant, the governor may fill the seat by temporary appointment, effective until March 1 of the next calendar year.[4]
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.[1]
- Licensing - The department licenses insurance companies that 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.
The Wyoming Code outlines the duties that are specific to the commissioner of insurance, explaining that the commissioner should do the following:
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Divisions
As of January 2021, the Wyoming Department of Insurance is divided into the following internal sections:[1]
- The Consumer Complaints Department "provides optimum consumer protection and support to Wyoming residents by investigating consumer complaints and resolving issues on insurance matters."[1]
- The Examination Department "is responsible for financial solvency examinations of domestic insurance companies and field examinations of resident insurance agencies."[1]
- The Licensing Department "is responsible for licensing insurance companies for operations within the state of Wyoming as well as resident and nonresident insurance producer licensees."[1]
- The Policy Filings Department "reviews policy form filings for compliance and conformance with state laws and regulations."[1]
- The Premium Tax Collection Department "collects premium tax from all insurance entities operating within the state of Wyoming on business written in Wyoming."[1]
State budget
- See also: Wyoming state budget and finances
The budget for the Insurance Department for the 2024-2026 fiscal biennium was $19,143,257.[6]
Compensation
- See also: Compensation of state executive officers
2023
In 2023, the officer's salary was $133,647, according to the Council of State Governments.[7]
2022
In 2022, the officer's salary was $124,904, according to the Council of State Governments.[8]
2021
In 2021, the commissioner received a salary of $124,904, according to the Council of State Governments.[9]
2020
In 2020, the insurance commissioner received a salary of $124,904, according to the Council of State Governments.[10]
2019
In 2019, the insurance commissioner received a salary of $122,900, according to the Council of State Governments.[11]
2018
In 2018, the insurance commissioner received a salary of $122,900, according to the Council of State Governments.[12]
2017
In 2017, the insurance commissioner received a salary of $122,900, according to the Council of State Governments.[13]
2016
In 2016, the insurance commissioner received a salary of $122,900, according to the Council of State Governments.[14]
2015
In 2015, the insurance commissioner received a salary of $122,900, according to the Council of State Governments.[15]
2014
In 2014, the commissioner received a salary of $100,567, according to the Council of State Governments.[16]
2013
In 2013, the commissioner received a salary of $100,567, according to the Council of State Governments.[17]
2010
In 2010, the commissioner received a salary of $101,567, according to the Council of State Governments.[18]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; 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
| Demographic data for Wyoming | ||
|---|---|---|
| Wyoming | U.S. | |
| Total population: | 586,555 | 316,515,021 |
| Land area (sq mi): | 97,093 | 3,531,905 |
| Race and ethnicity** | ||
| White: | 91% | 73.6% |
| Black/African American: | 1.1% | 12.6% |
| Asian: | 0.9% | 5.1% |
| Native American: | 2.2% | 0.8% |
| Pacific Islander: | 0.1% | 0.2% |
| Two or more: | 2.7% | 3% |
| Hispanic/Latino: | 9.6% | 17.1% |
| Education | ||
| High school graduation rate: | 92.3% | 86.7% |
| College graduation rate: | 25.7% | 29.8% |
| Income | ||
| Median household income: | $58,840 | $53,889 |
| Persons below poverty level: | 12.7% | 11.3% |
| Source: U.S. Census Bureau, "American Community Survey" (5-year estimates 2010-2015) Click here for more information on the 2020 census and here for more on its impact on the redistricting process in Wyoming. **Note: Percentages for race and ethnicity may add up to more than 100 percent because respondents may report more than one race and the Hispanic/Latino ethnicity may be selected in conjunction with any race. Read more about race and ethnicity in the census here. | ||
Presidential voting pattern
- See also: Presidential voting trends in Wyoming
Wyoming voted Republican in all seven presidential elections between 2000 and 2024.
More Wyoming coverage on Ballotpedia
- Elections in Wyoming
- United States congressional delegations from Wyoming
- Public policy in Wyoming
- Endorsers in Wyoming
- Wyoming fact checks
- More...
Recent news
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Contact information
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: wyinsdep@wyo.gov
See also
| Wyoming | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Wyoming Insurance Department, "About Us," accessed January 28, 2021
- ↑ State of Wyoming Legislature, "State Statutes & Constitution," accessed January 28, 2021
- ↑ Justia, "2015 Wyoming Code - Title 26 - Insurance Code Chapter 2," accessed January 28, 2021
- ↑ 4.0 4.1 4.2 LexisNexis, "Wyoming Statutes Annotated," accessed September 16, 2016
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Wyoming State Legislature, "Enrolled Act No. 50, House of Representatives," accessed January 23, 2025
- ↑ Council of State Governments, "Book of the States 2023 Table 4.11: Selected State Administrative Officials: Annual Salaries," accessed January 21, 2025
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 28, 2022
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 28, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 28, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 28, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 28, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed January 28, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed January 28, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed January 28, 2021
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 28, 2021
- ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed January 28, 2021
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