Wyoming insurance guaranty association-revisions.

Wyoming's HB 175 revises the state's Life and Health Insurance Guaranty Association Act to clarify coverage rules and financial responsibilities. It creates new definitions (like "covered policy" and "member insurer"), sets a $5 million annual premium cap for multiple non-group life insurance policies owned by one person, and updates eligibility requirements for policyholders based on residency and insurer domicile. The bill directly affects licensed insurers operating in Wyoming, policyholders with multiple high-value policies, and health maintenance organizations. Key changes include clearer limits on the association's financial obligations and revised procedures for assessing member insurers.