LRB-2058/P1
TJD:amn
2019 - 2020 LEGISLATURE
DOA:......Ames, BB0384 - Nonresident insurance appointment fee
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
insurance
1. Nonresident agent appointment fee
Current law requires a $16 annual fee for appointment or renewal of a resident insurance agent and a $30 annual fee for appointment or renewal of a nonresident insurance agent. The commissioner of insurance may require, by rule, payment of a higher appointment or renewal fee than the statutory fee. This bill increases the statutory annual fee for nonresident agent appointment or renewal to $40.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 601.31 (1) (n) of the statutes is amended to read:
601.31 (1) (n) For appointing, or renewing an appointment of, an agent under s. 628.11, $16 annually for resident agents or $30
$40 annually for nonresident agents, unless the commissioner sets a higher fee by rule, to be paid at times and under procedures set by the commissioner.
Section 9423.
Effective dates; Insurance.
(1) Nonresident agent appointment fee. The treatment of s. 601.31 (1) (n) takes effect on January 1, 2020.
(End)
