CHAPTER 628
INSURANCE MARKETING
SUBCHAPTER I
GENERAL PROVISIONS
SUBCHAPTER II
LICENSING OF INTERMEDIARIES
628.03 Requirement of license.
628.04 Issuance of license.
628.05 Licensing of town mutual agents.
628.06 Licensing of fraternal agents.
628.07 Licensing of nonresidents.
628.08 Changes in status of intermediaries.
628.09 Temporary licenses.
628.095 Social security and federal employer identification numbers on license applications or at time of fee payment.
628.097 Refusal to issue license; failure to pay support or to comply with subpoena or warrant; tax delinquency.
628.10 Termination of license.
628.11 Listing of insurance agents.
628.12 Liability of surplus lines insurer.
SUBCHAPTER III
MARKETING PRACTICES
628.31 Sale of insurance through vending machines.
628.32 Disclosure required.
628.34 Unfair marketing practices.
628.345 Prohibited practices during license revocation or surrender.
628.347 Suitability of annuity sales to senior consumers.
628.35 Prohibition of exclusive contracts.
628.36 Limitations on corporations supplying health care services.
628.37 Preservation of professional relationships in professional services.
628.38 Disclosure requirements.
628.39 Extension of credit on premiums.
628.40 Effect of agent's appointment on insurer.
628.46 Timely payment of claims.
628.48 Risk retention groups.
628.49 Regulation of managing general agents, reinsurance brokers and managers and controlling producers.
SUBCHAPTER IV
COMPENSATION OF INTERMEDIARIES
628.51 Controlled business.
628.61 Sharing commissions.
628.78 Benefit plans for agents.
628.81 Filing of commission rates paid to agents and brokers.
Ch. 628 Cross-reference
Cross-reference: See definitions in s.
600.03.
Ch. 628 Note
NOTE: Chapter 371, laws of 1975, which created this chapter of the statutes, contains notes explaining the revision.
GENERAL PROVISIONS
628.01
628.01
Purposes. The purposes of this chapter are:
628.01(1)
(1) To encourage improvement in the professional competence of insurance intermediaries;
628.01(2)
(2) To provide maximum freedom of marketing methods for insurance, consistent with the interests of the public in this state;
628.01(3)
(3) To preserve and encourage competition at the consumer level;
628.01(4)
(4) To limit the adverse effects of imperfect competition on the cost of insurance; and
628.01(5)
(5) To regulate insurance marketing practices in conformity with the general purposes of
chs. 600 to
655.
628.02
628.02
Definitions. In
chs. 600 to
655, unless the context otherwise requires:
628.02(1)
(1) Insurance marketing intermediaries. 628.02(1)(a)(a)
Activities constituting intermediary. Except as provided under
par. (b), a person is an "intermediary" if the person does or assists another in doing any of the following:
628.02(1)(a)1.
1. Solicits, negotiates or places insurance or annuities on behalf of an insurer or a person seeking insurance or annuities; or
628.02(1)(a)2.
2. Advises other persons about insurance needs and coverages.
