AB768,261,24 23(3) Limit on grants. The department may not award in a fiscal biennium more
24than $500,000 in grants under this section.
AB768, s. 555 25Section 555. 560.147 of the statutes is created to read:
AB768,262,3
1560.147 Rapid response fund. (1) Loans. Subject to sub. (4), the department
2may make a loan to a person from the appropriations under s. 20.143 (1) (c) and (ie)
3for a project described in sub. (2) if all of the following apply:
AB768,262,54 (a) The person submits a plan to the department detailing the proposed use of
5the loan and the secretary approves the plan.
AB768,262,86 (b) The person enters into a written agreement with the department that
7specifies the conditions for use of the loan proceeds, including reporting and auditing
8requirements, and the loan repayment terms.
AB768,262,109 (c) The person agrees in writing to submit to the department the report
10required under sub. (3) by the time required under sub. (3).
AB768,262,1211 (d) The person contributes, from funds not provided by the state, not less than
1225% of the cost of the project.
AB768,262,1413 (e) The amount that the person contributes under par. (d) does not exceed
14$250,000.
AB768,262,16 15(2) Eligible projects. (a) Loans under this section may be used only for any
16of the following purposes:
AB768,262,1717 1. The renovation or improvement of an existing building.
AB768,262,1818 2. The purchase of land, an existing building, machinery or equipment.
AB768,262,1919 3. The construction of a new building.
AB768,262,2120 (b) The purpose of the renovation, purchase or construction under par. (a) must
21be to foster economic development in the area of the project.
AB768,262,24 22(3) Report on use of proceeds. A person receiving a loan under this section
23shall submit to the department, within 6 months after spending the full amount of
24the loan, a report detailing how the loan proceeds were used.
AB768,263,2
1(4) Limit on loans. The department may not award in a fiscal biennium more
2than $2,000,000 in loans under this section.
AB768,263,5 3(5) Deposit of repayments. The department shall deposit in the appropriation
4account under s. 20.143 (1) (ie) all moneys received in repayment of loans under this
5section.
AB768, s. 556 6Section 556. 560.17 (5c) (b) of the statutes, as created by 1997 Wisconsin Act
727
, is amended to read:
AB768,263,98 560.17 (5c) (b) The total amount of grants awarded under this subsection in
9any fiscal year may not exceed $200,000 $500,000.
AB768, s. 557 10Section 557. 560.183 (3) (b) of the statutes, as affected by 1997 Wisconsin Act
1127
, is amended to read:
AB768,263,1412 560.183 (3) (b) The agreement shall specify that the responsibility of the
13department to make the payments under the agreement is subject to the availability
14of funds in the appropriations under s. 20.143 (1) (f), (jc) and (jm).
AB768, s. 558 15Section 558. 560.183 (5) (a) of the statutes, as affected by 1997 Wisconsin Act
1627
, is amended to read:
AB768,263,1917 560.183 (5) (a) The obligation of the department to make payments under an
18agreement entered into under sub. (3) (b) is subject to the availability of funds in the
19appropriations under s. 20.143 (1) (f), (jc) and (jm).
AB768, s. 559 20Section 559. 560.183 (5) (b) (intro.) of the statutes, as affected by 1997
21Wisconsin Act 27
, is amended to read:
AB768,264,222 560.183 (5) (b) (intro.) If the cost of repaying the loans of all eligible applicants,
23when added to the cost of loan repayments scheduled under existing agreements,
24exceeds the total amount in the appropriations under s. 20.143 (1) (f), (jc) and (jm),

1the department shall establish priorities among the eligible applicants based upon
2the following considerations:
AB768, s. 560 3Section 560. 560.183 (6m) of the statutes, as created by 1997 Wisconsin Act
427
, is renumbered 560.183 (6m) (a).
AB768, s. 561 5Section 561. 560.183 (6m) (b) of the statutes is created to read:
AB768,264,76 560.183 (6m) (b) Any penalties assessed and collected under this subsection
7shall be credited to the appropriation account under s. 20.143 (1) (jc).
AB768, s. 562 8Section 562. 560.184 (3) (b) of the statutes, as affected by 1997 Wisconsin Act
927
, is amended to read:
AB768,264,1210 560.184 (3) (b) The agreement shall specify that the responsibility of the
11department to make the payments under the agreement is subject to the availability
12of funds in the appropriations under s. 20.143 (1) (f), (jc) and (jL).
AB768, s. 563 13Section 563. 560.184 (5) (a) of the statutes, as affected by 1997 Wisconsin Act
1427
, is amended to read:
AB768,264,1715 560.184 (5) (a) The obligation of the department to make payments under an
16agreement entered into under sub. (3) is subject to the availability of funds in the
17appropriations under s. 20.143 (1) (f), (jc) and (jL).
AB768, s. 564 18Section 564. 560.184 (5) (b) (intro.) of the statutes, as affected by 1997
19Wisconsin Act 27
, is amended to read:
AB768,264,2420 560.184 (5) (b) (intro.) If the cost of repaying the loans of all eligible applicants,
21when added to the cost of loan repayments scheduled under existing agreements,
22exceeds the total amount in the appropriations under s. 20.143 (1) (f), (jc) and (jL),
23the department shall establish priorities among the eligible applicants based upon
24the following considerations:
AB768, s. 565
1Section 565. 560.184 (6m) of the statutes, as created by 1997 Wisconsin Act
227
, is renumbered 560.184 (6m) (a).
AB768, s. 566 3Section 566. 560.184 (6m) (b) of the statutes is created to read:
AB768,265,54 560.184 (6m) (b) Any penalties assessed and collected under this subsection
5shall be credited to the appropriation account under s. 20.143 (1) (jc).
AB768, s. 567 6Section 567. 628.04 (1) (intro.) of the statutes is amended to read:
AB768,265,97 628.04 (1) Conditions and qualifications. (intro.) The Except as provided in
8s. 628.095 or 628.097, the
commissioner shall issue a license to act as an agent to any
9applicant who:
AB768, s. 568 10Section 568. 628.04 (2) of the statutes is amended to read:
AB768,265,1911 628.04 (2) Surplus lines agents or brokers. The Except as provided in s.
12628.095 or 628.097, the
commissioner may issue a license as an agent or broker
13authorized to place business under s. 618.41 if the applicant shows to the satisfaction
14of the commissioner that in addition to the qualifications necessary to obtain a
15general license under sub. (1), the applicant has the competence to deal with the
16problems of surplus lines insurance. The commissioner may by rule require an agent
17or broker authorized to place business under s. 618.41 to supply a bond not larger
18than $100,000, conditioned upon proper performance of obligations as a surplus lines
19agent or broker.
AB768, s. 569 20Section 569. 628.09 (1) of the statutes is amended to read:
AB768,266,421 628.09 (1) Issuance of license. The Except as provided in s. 628.095 or
22628.097, the
commissioner may issue a temporary license as an intermediary for a
23period of not more than 3 months to the personal representative of a deceased or
24mentally disabled intermediary, or to a person designated by an intermediary who
25is otherwise disabled or has entered active duty in the U.S. armed forces, in order to

1give time for more favorable sale of the goodwill of a business owned by the
2intermediary, for the recovery or return of the intermediary, or for the orderly
3training and licensing of new personnel for the intermediary's business. This
4subsection does not apply to life insurance agents.
AB768, s. 570 5Section 570. 628.09 (4) of the statutes is amended to read:
AB768,266,126 628.09 (4) Duration of license. The commissioner may by order revoke a
7temporary license if the interests of insureds or the public are endangered. A Except
8as provided in s. 628.097, a
temporary license may be extended beyond the initial
9period specified under sub. (1), for additional periods of not more than 3 months each,
10with the total period not to exceed 12 months in the aggregate. A temporary license
11may not continue after the owner or the personal representative disposes of the
12business.
AB768, s. 571 13Section 571. 628.095 of the statutes is created to read:
AB768,266,19 14628.095 Social security and federal employer identification numbers
15on license applications or at time of fee payment. (1)
Required on
16applications.
An application for a license issued under this subchapter shall contain
17the applicant's social security number, if the applicant is a natural person, or the
18applicant's federal employer identification number, if the applicant is not a natural
19person.
AB768,266,23 20(2) Refusal to issue license. The commissioner may not issue a license,
21including a temporary license, under this subchapter unless the applicant provides
22his or her social security number, if the applicant is a natural person, or provides the
23applicant's federal tax identification number, if the applicant is not a natural person.
AB768,267,4 24(3) Required when annual fee paid. At the time that the annual fee is paid
25under s. 601.31 (1) (m), an intermediary who is a natural person shall provide his or

1her social security number, and an intermediary that is not a natural person shall
2provide its federal employer identification number, if the social security number or
3federal employer identification number was not provided on the application for the
4license or previously when the annual fee was paid.
AB768,267,7 5(4) Disclosure. The commissioner may disclose any information received
6under sub. (1) or (3) to the department of revenue for the purpose of requesting
7certifications under s. 73.0301.
AB768, s. 572 8Section 572. 628.097 of the statutes is created to read:
AB768,267,12 9628.097 Refusal to issue based on tax delinquency. (1) Licenses. The
10commissioner shall refuse to issue a license, including a temporary license, under
11this subchapter if the department of revenue certifies under s. 73.0301 that the
12applicant for the license is liable for delinquent taxes.
AB768,267,16 13(2) Extension of temporary license. The commissioner shall refuse to extend
14a temporary license under s. 628.09 (4) if the department of revenue certifies under
15s. 73.0301 that the person holding the temporary license is liable for delinquent
16taxes.
AB768, s. 573 17Section 573. 628.10 (2) (b) of the statutes is amended to read:
AB768,268,218 628.10 (2) (b) For other reasons. After Except as provided in par. (c), after a
19hearing, the commissioner may revoke, suspend or limit in whole or in part the
20license of any intermediary if the commissioner finds that the licensee is unqualified
21as an intermediary, is not of good character or has repeatedly or knowingly violated
22an insurance statute or rule or a valid order of the commissioner under s. 601.41 (4),
23or if the intermediary's methods and practices in the conduct of business endanger,
24or financial resources are inadequate to safeguard, the legitimate interests of

1customers and the public. Nothing in this paragraph limits the authority of the
2commissioner to suspend summarily an intermediary's license under s. 227.51 (3).
AB768, s. 574 3Section 574. 628.10 (2) (c) of the statutes is created to read:
AB768,268,74 628.10 (2) (c) For liability for delinquent taxes. The commissioner shall revoke
5the license of an intermediary, including a temporary license under s. 628.09, if the
6department of revenue certifies under s. 73.0301 that the intermediary is liable for
7delinquent taxes.
AB768, s. 575 8Section 575. 628.10 (2) (d) of the statutes is created to read:
AB768,268,159 628.10 (2) (d) For failure to provide social security or federal employer
10identification number.
If an intermediary fails to provide a social security number
11or a federal employer identification number as required under s. 628.095 (3), the
12commissioner shall revoke the license of the intermediary, effective the day following
13the last day on which the annual fee under s. 601.31 (1) (m) may be paid, if the
14commissioner has given the intermediary reasonable notice of when the fee must be
15paid to avoid revocation.
AB768, s. 576 16Section 576. 632.68 (2) (b) (intro.) of the statutes is amended to read:
AB768,268,2517 632.68 (2) (b) (intro.) A person may apply to the commissioner for a viatical
18settlement provider license on a form prescribed by the commissioner for that
19purpose. The application form shall require the applicant to provide the applicant's
20social security number, if the applicant is a natural person, or the applicant's federal
21employer identification number, if the applicant is not a natural person.
The fee
22specified in s. 601.31 (1) (mm) shall accompany the application. After any
23investigation of the applicant that the commissioner determines is sufficient, the
24commissioner shall issue a viatical settlement provider license to an applicant that
25satisfies all of the following:
AB768, s. 577
1Section 577. 632.68 (2) (b) 2. of the statutes is amended to read:
AB768,269,32 632.68 (2) (b) 2. Provides complete information on the application, including
3the applicant's social security number or federal employer identification number
.
AB768, s. 578 4Section 578. 632.68 (2) (bc) of the statutes is created to read:
AB768,269,75 632.68 (2) (bc) The commissioner may disclose a social security number or
6federal employer identification number received under par. (b) or (e) to the
7department of revenue for the purpose of requesting certifications under s. 73.0301.
AB768, s. 579 8Section 579. 632.68 (2) (bm) of the statutes is created to read:
AB768,269,119 632.68 (2) (bm) Notwithstanding par. (b), the commissioner may not issue a
10license under this subsection if the department of revenue certifies under s. 73.0301
11that the applicant is liable for delinquent taxes.
AB768, s. 580 12Section 580. 632.68 (2) (c) of the statutes is amended to read:
AB768,269,2013 632.68 (2) (c) If Except as provided in par. (cm), if the commissioner denies an
14application for a license under this subsection, the applicant may, within 20 days
15after receiving notice of the denial, demand a hearing. The demand shall be in
16writing and shall be served on the commissioner by delivering a copy to the
17commissioner or by leaving it at the commissioner's office. The commissioner shall
18hold a hearing not less than 10 days nor more than 30 days after service of the
19demand. Failure to demand a hearing within the required time constitutes waiver
20of a hearing.
AB768, s. 581 21Section 581. 632.68 (2) (cm) of the statutes is created to read:
AB768,269,2422 632.68 (2) (cm) If the commissioner denies an application for a license under
23this subsection for delinquent taxes, the applicant is entitled to a hearing under s.
2473.0301 (5) (a) but is not entitled to a hearing under par. (c).
AB768, s. 582 25Section 582. 632.68 (2) (e) of the statutes is amended to read:
AB768,270,5
1632.68 (2) (e) Except as provided in sub. (3), a license issued under this
2subsection shall be renewed annually on the anniversary date upon payment of the
3fee specified in s. 601.31 (1) (mp) and upon providing the licensee's social security
4number or federal employer identification number, as applicable, if not previously
5provided on the application for the license or at a previous renewal of the license
.
AB768, s. 583 6Section 583. 632.68 (3) (title) of the statutes is amended to read:
AB768,270,87 632.68 (3) (title) Viatical settlement provider license; revocation or refusal
8to renew
.
AB768, s. 584 9Section 584. 632.68 (3) of the statutes is renumbered 632.68 (3) (a), and 632.68
10(3) (a) (intro.), as renumbered, is amended to read:
AB768,270,1311 632.68 (3) (a) (intro.) The Except as provided in par. (b), the commissioner may
12revoke, suspend or refuse to renew a viatical settlement provider license if, after a
13hearing, the commissioner finds any of the following:
AB768, s. 585 14Section 585. 632.68 (3) (b) of the statutes is created to read:
AB768,270,1715 632.68 (3) (b) The commissioner shall revoke or refuse to renew a viatical
16settlement provider license if the department of revenue certifies under s. 73.0301
17that the licensee is liable for delinquent taxes.
AB768, s. 586 18Section 586. 632.68 (4) (b) of the statutes is amended to read:
AB768,271,219 632.68 (4) (b) A person may apply to the commissioner for a viatical settlement
20broker license on a form prescribed by the commissioner for that purpose. The
21application form shall require the applicant to provide the applicant's social security
22number, if the applicant is a natural person, or the applicant's federal employer
23identification number, if the applicant is not a natural person.
The fee specified in
24s. 601.31 (1) (mr) shall accompany the application. The commissioner may not issue

1a license under this subsection unless the applicant provides his or her social security
2number or its federal employer identification number, whichever is applicable.
AB768, s. 587 3Section 587. 632.68 (4) (bc) of the statutes is created to read:
AB768,271,64 632.68 (4) (bc) The commissioner may disclose a social security number or
5federal employer identification number received under par. (b) or (c) to the
6department of revenue for the purpose of requesting certifications under s. 73.0301.
AB768, s. 588 7Section 588. 632.68 (4) (bm) of the statutes is created to read:
AB768,271,108 632.68 (4) (bm) The commissioner may not issue a license under this subsection
9if the department of revenue certifies under s. 73.0301 that the applicant is liable for
10delinquent taxes.
AB768, s. 589 11Section 589. 632.68 (4) (c) of the statutes is amended to read:
AB768,271,1612 632.68 (4) (c) Except as provided in sub. (5), a license issued under this
13subsection shall be renewed annually on the anniversary date upon payment of the
14fee specified in s. 601.31 (1) (ms) and upon providing the licensee's social security
15number or federal employer identification number, as applicable, if not previously
16provided on the application for the license or at a previous renewal of the license
.
AB768, s. 590 17Section 590. 632.68 (5) (title) of the statutes is amended to read:
AB768,271,1918 632.68 (5) (title) Viatical settlement broker license; revocation or refusal
19to renew
.
AB768, s. 591 20Section 591. 632.68 (5) of the statutes is renumbered 632.68 (5) (a), and 632.68
21(5) (a) (intro.), as renumbered, is amended to read:
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