1995 Wisconsin Act 225

Note: Subdivides provision for greater conformity with current style.

225,464 Section 464 . 448.08 (1) of the statutes is renumbered 448.08 (1m).

Note: See the next section of this bill.

225,465 Section 465 . 448.08 (6) of the statutes is renumbered 448.08 (1).

Note: Repositions definitions to beginning of provision consistent with current style.

225,466 Section 466 . 455.02 (3) (a) (intro.) of the statutes is amended to read:

455.02 (3) (a) (intro.) Nothing in this chapter restricts or prevents activities of a psychological nature and the use of the official title of the position for which they were employed on the part of the following persons, if such persons are performing those activities as part of the duties for which they were employed, are performing such activities solely with within the confines of or under the jurisdictions of the organization in which they are employed and do not offer to render psychological services to the public for a fee, monetary or otherwise, over and above the salary they receive for the performance of the official duties with the organization with which they are employed:

Note: Inserts proper term.

225,467 Section 467 . 480.08 (2m) of the statutes is amended by replacing “29.134, 95.70, 402.328" with “29.134, 402.328".

Note: Section 95.70 was repealed effective July 1, 1994, by 1993 Wis. Act 16.

225,468 Section 468 . 565.30 (5m) of the statutes is amended by replacing “, 767.65 (24) or 948.22 (7)" with “or 948.22 (7) or ch. 769".

Note: 1993 Wis. Act 326 repealed s. 767.65 and replaced it with ch. 769.

225,469 Section 469 . 600.03 (24) (b) of the statutes is amended to read:

600.03 (24) (b) For any other insurer, that it is unable to pay its debts or meet its obligations as they mature or that its assets do not exceed its liabilities plus the greater of: 1) any capital and surplus required by law to be constantly maintained; or 2) its authorized and issued capital stock. For purposes of this paragraph “assets" includes one-half of the maximum total assessment liability of the policyholders of the insurer, and “liabilities" includes reserves required by law. For policies issued on the basis of unlimited assessment liability, the maximum total liability, for purposes of determining solvency only, is the amount that could be obtained if there were 100% collection of an assessment at the rate of 10 mills.

Note: Deletes improper subdivision designations for greater conformity with current style.

225,470 Section 470 . 632.43 (4) of the statutes is renumbered 632.43 (4) (a) (intro.) and amended to read:

632.43 (4) (a) (intro.) Except as provided in sub. (5) (b), the adjusted premiums for any policy shall be calculated on an annual basis and shall be such uniform percentage of the respective premiums specified in the policy for each policy year, excluding any extra premiums charged because of impairments or special hazards, that the present value, at the date of issue of the policy, of all adjusted premiums shall be equal to the sum of (a) the all of the following:

1. The then present value of the future guaranteed benefits provided for by the policy; (b)2 per cent .

2. Two percent of the amount of insurance, if the insurance is uniform in amount, or of the equivalent uniform amount, as defined in sub. (5), if the amount of insurance varies with duration of the policy; (c) 40 per cent.

3. Forty percent of the adjusted premium for the first policy year; (d) 25 per cent.

4. Twenty-five percent of either the adjusted premium for the first policy year or the adjusted premium for a whole life policy of the same uniform or equivalent uniform amount with uniform premiums for the whole of life issued at the same age for the same amount of insurance, whichever is less; provided, that in.

(b) In applying the percentages specified in (c) par. (a) 3. and (d) 4., no adjusted premium shall be deemed considered to exceed 4 per cent % of the amount of insurance or uniform amount equivalent thereto. The date of issue of a policy for the purpose of this subsection and sub. (5) shall be the date as of which the rated age of the insured is determined.

Note: Subdivides provision and inserts the per cent symbol consistent with current style.

225,471 Section 471 . 632.43 (5) (b) of the statutes is amended to read:

632.43 (5) (b) The adjusted premiums for any policy providing term insurance benefits by rider or supplemental policy provision shall be equal to: A) the adjusted premiums for an otherwise similar policy issued at the same age without such term insurance benefits, increased, during the period for which premiums for such term insurance benefits are payable, by B) the adjusted premiums for such term insurance, the foregoing items A) and B) being calculated separately and as specified in par. (a) and sub. (4) except that, for the purposes of (b), (c) and (d) in sub. (4) (a) 2., 3. and 4., the amount of insurance or equivalent uniform amount of insurance used in the calculation of the adjusted premiums referred to in B) shall be equal to the excess of the corresponding amount determined for the entire policy over the amount used in the calculation of the adjusted premiums in A).

Note: Amends cross-references consistent with the previous section of this bill.

225,472 Section 472 . 632.895 (1) (b) 5. a. of the statutes is amended to read:

632.895 (1) (b) 5. a. A registered dietician dietitian.

Note: Corrects spelling.

225,473 Section 473 . 645.22 (1) of the statutes is renumbered 645.22 (1) (intro.) and amended to read:

645.22 (1) (intro.) Upon the filing by the commissioner in any circuit court in this state of a verified petition alleging any ground that would justify a court order for a formal delinquency proceeding against an insurer under this chapter and that the interests of policyholders, creditors or the public will be endangered by delay, and setting out the order deemed considered necessary by the commissioner, the court shall issue forthwith, ex parte and without a hearing, the requested order, which may do any of the following:

(a) direct Direct the commissioner to take possession and control of all or a part of the property, books, accounts, documents and other records of an insurer and of the premises occupied by it for the transaction of its business, and.

(b) until Until further order of the court, enjoin the insurer and its officers, managers, agents, and employes from disposition of its property and from transaction of its business except with the written consent of the commissioner.

Note: Subdivides provision for greater conformity with current style.

225,474 Section 474 . 645.47 (1) (b) of the statutes is renumbered 645.47 (1) (b) (intro.) and amended to read:

645.47 (1) (b) (intro.) Notice to agents shall inform them of their duties under s. 645.48 and inform them of what information they must communicate to insureds. Notice to policyholders shall include notice of impairment and termination of coverage under s. 645.43. When it is applicable, notice to policyholders shall include all of the following:

1) notice. Notice of withdrawal of the insurer from the defense of any case in which the insured is interested,.

2) notice. Notice of the right to file a claim under s. 645.64 (2), and.

3) information. Information about the existence of a security fund under ch. 646.

Note: Subdivides provision for greater readability and consistency with current style.

225,475 Section 475 . 645.54 (1) (b) of the statutes is renumbered 645.54 (1) (b) 1. (intro.) and amended to read:

645.54 (1) (b) 1. (intro.) Any preference may be avoided by the liquidator, if 1) any of the following conditions is met:

a. The insurer was insolvent at the time of the transfer, or 2) the.

b. The transfer was made within 4 months before the filing of the petition, or 3) the.

c. The creditor receiving it the preference or to be benefited thereby or his or her agent acting with reference thereto had reasonable cause to believe at the time when the transfer was made that the insurer was insolvent or was about to become insolvent, or 4) the.

d. The creditor receiving it the preference was an officer, employe, attorney or other person who was in fact in a position of comparable influence in the insurer to an officer whether or not he or she held such position, or any shareholder holding directly or indirectly more than 5% of any class of any equity security issued by the insurer, or any other person with whom the insurer did not deal at arm's length. Where the

2. If a preference is voidable, the liquidator may recover the property or, if it the property has been converted, the liquidator may recover its value from any person who has received or converted the property, except a bona fide purchaser from or lienor of the debtor's transferee for a present fair equivalent value. Where If the bona fide purchaser or lienor has given less than fair equivalent value, he or she shall have a lien upon the property to the extent of the consideration actually given by him or her. Where If a preference by way of lien or security title is voidable, the court may on due notice order the lien or title to be preserved for the benefit of the estate, in which event the lien or title shall pass to the liquidator.

Note: Subdivides provision and replaces language for greater readability and conformity with current style.

225,476 Section 476 . 645.64 (3) of the statutes is renumbered 645.64 (3) (a) and amended to read:

645.64 (3) (a) The liquidator shall make recommendations to the court under s. 645.71 for the allowance of an insured's claim under sub. (2) after consideration of the probable outcome of any pending action against the insured on which the claim is based, the probable damages recoverable in the action and the probable costs and expenses of defense. After allowance by the court, the liquidator shall withhold any dividends payable on the claim, pending the outcome of litigation and negotiation with the insured. Whenever it seems appropriate, the liquidator shall reconsider the claim on the basis of additional information and amend the recommendations to the court. The insured shall be afforded the same notice and opportunity to be heard on all changes in the recommendation as in its initial determination. The court may amend its allowance as it thinks appropriate.

(b) As claims against the insured are settled or barred, the insured shall be paid from the amount withheld the same percentage dividend as was paid on other claims of like priority, based on the lesser of a) the following:

1. The amount actually recovered from the insured by action or paid by agreement plus the reasonable costs and expenses of defense, or b) the.

2. The amount allowed on the claims by the court.

(c) After all claims are settled or barred, any sum remaining from the amount withheld shall revert to the undistributed assets of the insurer. Delay in final payment under this subsection shall not be a reason for unreasonable delay of final distribution and discharge of the liquidator.

Note: Subdivides provision for greater readability and conformity with current style.

225,477 Section 477 . 645.81 (1) (e) of the statutes is amended to read:

645.81 (1) (e) That 1) its certificate of authority to do business in this state has been revoked or that none was ever issued, and 2) that there are residents of this state with outstanding claims or outstanding policies.

Note: Deletes improper subdivision designations.

225,478 Section 478 . 703.15 (2) (c) of the statutes is renumbered 703.15 (2) (c) 1. (intro.) and amended to read:

703.15 (2) (c) 1. (intro.) Except as provided in par. (d), a declarant may authorize the declarant or persons designated by him or her to appoint and remove the officers of the association or to exercise the powers and responsibilities otherwise assigned by the declaration or this chapter to the association or its officers. A declaration may not authorize any declarant control of the association for a period exceeding the earlier of 1) 10: any of the following:

a. Ten years in the case of an expandable condominium; 2) 3.

b. Three years in the case of any other condominium ; or 3) 30.

c. Thirty days after the conveyance of 75% of the common element interest to purchasers.

2. The period of declarant control begins on the date that the first condominium unit is conveyed by a declarant to any person other than the declarant. If there is any other unit owner other than a declarant, a declaration may not be amended to increase the scope nor or the period of the declarant control.

Note: Subdivides provision for greater conformity with current style.

225,479 Section 479 . 703.15 (3) (b) 4. of the statutes is amended by replacing “incumber" with “encumber".

Note: Inserts preferred spelling.

225,480 Section 480 . 704.19 (2) of the statutes is renumbered 704.19 (2) (a) (intro.) and amended to read:

704.19 (2) (a) (intro.) Such A periodic tenancy or a tenancy at will can be terminated by either the landlord or the tenant only by giving to the other party written notice complying with this section, unless a) the any of the following conditions is met:

1. The parties have agreed expressly upon another method of termination and such the parties' agreement is established by clear and convincing proof, b) termination.

2. Termination has been effected by a surrender of the premises, or c) sub.

3. Subsection (6) applies.

(b) A periodic tenancy can be terminated by notice under this section only at the end of a rental period; in. In the case of a tenancy from year-to-year the end of the rental period is the end of the rental year even though rent is payable on a more frequent basis. Nothing in this section prevents termination of a tenancy for nonpayment of rent or breach of any other condition of the tenancy, as provided in s. 704.17.

Note: Subdivides provision and replaces language for greater readability and conformity with current style.

225,481 Section 481 . 707.37 (4) (d) of the statutes is amended by replacing “144.47 (6) (d)" with “144.77 (6) (d)".

Note: Corrects cross-reference inserted by 1993 Wis. Act 453. There is no s. 144.47 (6) (d).

225,482 Section 482 . 753.06 (1) (a) of the statutes is amended to read:

753.06 (1) (a) Milwaukee county County. The circuit has 45 branches. Commencing August 1, 1994, the circuit has 46 branches.

Note: Deletes obsolete transition provision.

225,483 Section 483 . 753.06 (2) (a) of the statutes is amended to read:

753.06 (2) (a) Kenosha county County. The circuit has 6 branches. Commencing August 1, 1994, the circuit has 7 branches.

Note: Deletes obsolete transition provision.

225,484 Section 484 . 753.06 (2) (b) of the statutes is amended to read:

753.06 (2) (b) Racine county County. The circuit has 9 branches. Commencing August 1, 1994, the circuit has 10 branches.

Note: Deletes obsolete transition provision.

225,485 Section 485 . 753.06 (4) (d) of the statutes is amended to read:

753.06 (4) (d) Sheboygan county County. The circuit has 4 branches. Commencing August 1, 1994, the circuit has 5 branches.

Note: Deletes obsolete transition provision.

225,486 Section 486 . 753.06 (5) (a) of the statutes is amended to read: