Statutes, codes, and regulations
Wyoming Administrative Code
Agency 020 - Environmental Quality, Dept. ofSubagency 0001 - Abandoned Mine Reclamation Program
Chapter 7 - MINE SUBSIDENCE INSURANCE PROGRAM
Section 7-8 - Claims Adjustment Procedures

020-7 Wyo. Code R. § 7-8

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Current through April 27, 2019
Section 7-8 - Claims Adjustment Procedures

(a) Losses shall be reported to the Administrator within ninety days from the time loss occurs but no claims will be accepted after the date a policy has been canceled or terminated. The Administrator will verify that the coverage is in force and assign an adjuster to determine the cause and extent of the loss, document the damage, and if requested by the insured, assist the insured in obtaining repair cost estimates and in completing the proof of loss.

(b) The authority and limits for settling losses after payment of the deductible shall be:

  • (i) The Subsidence Insurance Program Manager with the concurrence of the Abandoned Mine Land Administrator up to $25,000.
  • (ii) The Administrator with the concurrence of the Director, over $25,000 up to the policy maximum.

(c) Drafts or checks used to pay for losses shall be in such form that endorsement by the insured will constitute a full release to the Mine Subsidence Insurance Program and the State.

(d) Losses shall be settled for the cost to repair the structure to its condition prior to subsidence damage or the amount of insurance on the structure, whichever is less.

020-7 Wyo. Code R. § 7-8

Amended, Eff. 6/29/2018.