11. A description of the Effect on Small Business:
This rule will have little or no effect on small businesses.
12. Agency contact person:
A copy of the full text of the proposed rule changes, analysis and fiscal estimate may be obtained from the Web site at: http://oci.wi.gov/ocirules.htm or by contacting Inger Williams, OCI Services Section, at:
Phone: (608) 264-8110
Address: 125 South Webster St – 2nd Floor, Madison WI 53703-3474
Mail: PO Box 7873, Madison, WI 53707-7873
13. Place where comments are to be submitted and deadline for submission:
The deadline for submitting comments is 4:00 p.m. on May 22, 2015.
Mailing address:
Richard B. Wicka
Legal Unit - OCI Rule Comment for Rule Ins 6.77
Office of the Commissioner of Insurance
PO Box 7873
Madison WI 53707-7873
Street address:
Richard B. Wicka
Legal Unit - OCI Rule Comment for Rule Ins 6.77
Office of the Commissioner of Insurance
125 South Webster St – 2nd Floor
Madison WI 53703-3474
Email address:
Richard B. Wicka
The proposed rule changes are:
SECTION 1.
Ins 6.77 (Title) (1) and (2) are amended to read: Ins 6.77 Exemption from mid-term cancellation requirements. and from required uninsured motorist, underinsured motorist and medical payment coverages.
(1) Purpose. This section is intended to exempt certain classes of insurance contracts from ss. 631.36 (2) (a), (b) and (c) and 632.32(4), Stats. This section implements the provisions of ss. 631.01 (5) and 631.36 (1) (c), Stats. (2) Scope. This section applies to all insurers authorized to write umbrella or excess liability insurance policies in Wisconsin, to all insurers authorized to write commercial liability policies in Wisconsin and to all insurers authorized to write aircraft insurance policies in Wisconsin.
SECTION 2.
Ins 6.77(3)(am), (bm), (4)(am), (b), and (6) are repealed.Section 1.
SECTION 3.
EFFECTIVE DATE. This rule shall take effect on the first day of the month after publication, as provided in s. 227.22(2)(intro.), Stats.Dated at Madison, Wisconsin, this 23rd day of October , 2015.
Office of the Commissioner of Insurance
Private Sector Fiscal Analysis
for Section Ins 6.77 relating to exemption from required uninsured motorist, underinsured motorist and medical payments coverage This rule change will have no significant effect on the private sector regulated by OCI.
