AB604,12,2017 631.20 (7) Surplus lines insurance. Except as provided in sub. (1) (c) 9. and
18s. 618.41 (6m), this section does not apply to a surplus lines insurance form issued
19under s. 618.41 before, on, or after the effective date of this subsection .... [LRB
20inserts date].
AB604, s. 24 21Section 24. 631.85 of the statutes is amended to read:
AB604,13,5 22631.85 Appraisal or arbitration. An insurance policy may contain provision
23provisions for independent appraisal and compulsory arbitration, subject to the
24provisions of s. 631.20. If an approved policy provides for application to a court of
25record for the appointment of a disinterested appraiser, arbitrator , or umpire, any

1court of record of this state except the court of appeals or the supreme court may be
2requested to make an appointment. Upon appropriate request, the court shall make
3the appointment promptly. This section does not apply to a surplus lines insurance
4form issued under s. 618.41 before, on, or after the effective date of this section ....
5[LRB inserts date].
AB604, s. 25 6Section 25. 632.32 (2) (ab) of the statutes is created to read:
AB604,13,107 632.32 (2) (ab) "Commercial automobile liability policy" means a liability
8insurance policy that is intended principally to provide primary coverage for the
9insured's liability arising out of the ownership, maintenance, or use of a motor
10vehicle in the insured's business or other commercial activities.
AB604, s. 26 11Section 26. 632.32 (2) (ac) of the statutes, as created by 2011 Wisconsin Act
1214
, is amended to read:
AB604,13,2113 632.32 (2) (ac) "Commercial liability policy" means any form of liability
14insurance policy, including a commercial or business package policy or a policy
15written on farm and agricultural operations, that is intended principally to provide
16primary coverage for the insured's general liability arising out of its business or other
17commercial activities, and that includes coverage for the insured's liability arising
18out of the ownership, maintenance, or use of a motor vehicle as only one component
19of the policy or as coverage that is only incidental to the principal purpose of the
20policy. "Commercial liability policy" does not include a worker's compensation policy
21or a commercial automobile liability policy.
AB604, s. 27 22Section 27. 632.32 (4) (a) (intro.) of the statutes is amended to read:
AB604,14,323 632.32 (4) (a) (intro.) Except as provided in par. (d), every policy of insurance
24subject to this section that insures with respect to any owned motor vehicle
25registered or principally garaged in this state against loss resulting from liability

1imposed by law for bodily injury or death suffered by any person arising out of the
2ownership, maintenance, or use of a motor vehicle shall contain therein or
3supplemental thereto provisions for all of the following coverages:
AB604, s. 28 4Section 28. 632.32 (4) (bc) of the statutes, as affected by 2011 Wisconsin Act
514
, is amended to read:
AB604,14,96 632.32 (4) (bc) Notwithstanding par. (a) 2., the named insured may reject
7medical payments coverage. If the one named insured rejects the coverage, the
8coverage need not be provided in a subsequent renewal policy issued by the same
9insurer unless the a named insured under the policy requests it in writing.
AB604, s. 29 10Section 29. 632.32 (4) (d) of the statutes, as affected by 2011 Wisconsin Act 14,
11is amended to read:
AB604,14,1812 632.32 (4) (d) This subsection does not apply to a commercial liability policies
13policy if the coverage it provides for the insured's liability arising out of the
14maintenance or use of a motor vehicle is limited to coverage for motor vehicles that
15are not owned motor vehicles,
or to an umbrella or excess liability policies policy. If
16a commercial liability policy or an umbrella or excess liability policy provides medical
17payments coverage or uninsured motorist coverage, however, the coverage must
18have limits of at least those specified in par. (a)
.
AB604, s. 30 19Section 30. 632.32 (4m) (a) of the statutes, as created by 2011 Wisconsin Act
2014
, is amended to read:
AB604,15,521 632.32 (4m) (a) Except as provided in par. (e), an insurer writing policies that
22insure with respect to a motor vehicle registered or principally garaged in this state
23against loss resulting from liability imposed by law for bodily injury or death suffered
24by a person arising out of the ownership, maintenance, or use of a motor vehicle shall
25provide to one named insured under each such insurance policy that goes into effect

1after November 1, 2011, that is written by the insurer and that does not include
2underinsured motorist coverage written notice of the availability of underinsured
3motorist coverage, including a brief description of the coverage. An insurer is
4required to provide the notice required under this paragraph only one time and in
5conjunction with the delivery of the policy.
AB604, s. 31 6Section 31. 632.32 (4m) (e) of the statutes, as created by 2011 Wisconsin Act
714
, is amended to read:
AB604,15,148 632.32 (4m) (e) This subsection does not apply to a commercial liability policies
9policy if the coverage it provides for the insured's liability arising out of the
10maintenance or use of a motor vehicle is limited to coverage for motor vehicles that
11are not owned motor vehicles,
or to an umbrella or excess liability policies policy. If
12a commercial liability policy or an umbrella or excess liability policy provides
13underinsured motorist coverage, however, the coverage must have limits of at least
14those specified in par. (d)
.
AB604, s. 32 15Section 32. 646.01 (2) (b) of the statutes is amended to read:
AB604,15,1816 646.01 (2) (b) To provide where appropriate for the continuation of protection
17under policies and supplemental supplementary contracts of life insurance,
18disability insurance and annuities.
AB604, s. 33 19Section 33. 646.03 (4m) of the statutes is created to read:
AB604,15,2420 646.03 (4m) "Retained asset account" means any mechanism in which the
21settlement of proceeds payable under a life insurance policy is accomplished by the
22insurer or an entity acting on behalf of the insurer depositing the proceeds into an
23account with check or draft writing privileges, where those proceeds are retained by
24the insurer, under a written supplementary contract not involving annuity benefits.
AB604, s. 34 25Section 34. 646.31 (1) (intro.) of the statutes is amended to read:
AB604,16,4
1646.31 (1) Conditions of eligibility. (intro.) A claim is not eligible for payment
2from the fund unless it is an unpaid claim for a loss insured under the policy or
3annuity, or an unpaid claim under a supplementary contract providing for a retained
4asset account,
and all of the following conditions are met:
AB604, s. 35 5Section 35. 646.31 (4) (a) of the statutes is renumbered 646.31 (4) (ap) and
6amended to read:
AB604,16,137 646.31 (4) (ap) Except in regard to worker's compensation insurance and
8except as provided in par. (b), the obligation of the fund on a single risk, loss, or life,
9regardless of the number of policies or contracts,
may not exceed $300,000,
10regardless of the number of policies or contracts except that the aggregate liability
11of the fund for a single risk, loss, or life with respect to benefits for property
12insurance, liability insurance, and disability insurance, regardless of the number of
13those policies, may not exceed $500,000
.
AB604, s. 36 14Section 36. 646.31 (4) (ag) of the statutes is created to read:
AB604,16,2115 646.31 (4) (ag) For purposes of this subsection, "disability insurance" means
16comprehensive health insurance policies and major medical health insurance
17policies. "Disability insurance" does not include hospital indemnity; loss of time;
18accidental benefits; limited or specified benefit or other ancillary coverages;
19disability income insurance coverage; long-term care insurance coverage; insurance
20coverage that is supplemental to another insurance policy or program, including
21Medicare supplement insurance; or similar types of policies.
AB604, s. 37 22Section 37. 646.35 (1) (b) of the statutes is amended to read:
AB604,16,2423 646.35 (1) (b) Life insurance and supplementary contracts providing for
24retained asset accounts
.
AB604, s. 38 25Section 38. 646.35 (6) (b) of the statutes is amended to read:
AB604,17,6
1646.35 (6) (b) In the case of a disability insurance policy that is neither
2guaranteed renewable nor noncancelable, the fund is not obligated to continue the
3policy in force beyond the time required under s. 645.43 30 days after the date the
4order of liquidation is entered,
or 30 days after the date established in the liquidation
5order of another state, but may continue the coverage under any disability insurance
6policy for up to 180 days after the date of the liquidation order.
AB604, s. 39 7Section 39. Initial applicability.
AB604,17,118 (1) Ocean marine insurance tax rate. The treatment of sections 618.41 (9) (a)
9and 618.43 (1) (a) (intro.) (with respect to the tax rate exception for ocean marine
10insurance), (b), and (d) of the statutes first applies to surplus lines ocean marine
11insurance issued or renewed on the effective date of this subsection.
AB604, s. 40 12Section 40. Effective dates. This act takes effect on the day after publication,
13except as follows:
AB604,17,1614 (1) Auto insurance provisions. The treatment of section 632.32 (2) (ab) and
15(ac), (4) (a) (intro.), (bc), and (d), and (4m) (a) and (e) of the statutes takes effect on
16November 1, 2011, or on the day after publication, whichever is later.
AB604,17,1717 (End)
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