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Ins 6.77(3)(am), (bm), (4)(am), (b), and (6) are repealed.Section 1.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.
