Wyoming Life Insurance: What you need to know

Employers have no obligation under Wyoming law to offer life insurance to their employees. However, if group life insurance is among the benefits offered to workers, certain minimum requirements must be satisfied (WY Stat. Sec. 26-17-101et. seq.).
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Group characteristics. The group to be insured must consist of no fewer than 10 people. The group must include all employees belonging to the class defined as eligible for coverage and may include retired and former employees; employees of subsidiary corporations and affiliated businesses under common control; individual proprietors or partners; and directors of a corporate employer.
Beneficiary. The employee can name anyone except the employer as beneficiary.
Employer/employee contributions. Employers are not required to make any contribution toward the cost of group insurance. If the employer pays the entire cost, all employees in the eligible class must be covered by the policy except those who reject coverage in writing and those excluded by the insurer because evidence of their insurability is not satisfactory.
Coverage of dependents. A group plan may provide coverage for the spouse and dependent children of insured employees. If the employer pays the entire cost, the spouse and children of all employees in the eligible class must be covered by the policy. The insurer may exclude or limit the coverage on any spouse or dependent child if evidence of individual insurability does not satisfy the insurer.
Continuation during disability. If active employment is a condition of insurance, a group policy must contain a provision that an insured may continue coverage during the insured's total disability by timely payment to the policyholder of that ...

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