AB649: Bill Text

LRB-3732/1

PJK:skg:ks

1995 - 1996 LEGISLATURE

1995 Assembly BILL 649

October 27, 1995 - Introduced by Representatives Schneider, Robson, Gronemus, Bock, Notestein, Riley, Wirch, R. Young, Musser, Goetsch, Plache, Plombon, Kreuser and Boyle, cosponsored by Senator Burke. Referred to Joint committee on Information Policy.

AB649,1,2 An Act to create 628.385 of the statutes; relating to: disclosure of identifying information.

Analysis by the Legislative Reference Bureau

This bill requires an insurance agent to disclose to any person who applies for insurance, both orally and in writing, any information that identifies the person that the agent has provided to or received from a national or statewide data base. The bill also requires an insurer to disclose to each insured under each policy issued by the insurer, in writing annually or at renewal if renewal is on an annual basis or more often, any information that identifies the insured that the insurer has provided to or received from a national or statewide data base.

For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB649, s. 1 Section 1. 628.385 of the statutes is created to read:

AB649,1,9 628.385 Disclosure of identifying information required. (1) An intermediary shall disclose to an applicant for insurance any identifying information about the applicant that the intermediary has provided to or received from a national or statewide data base. The disclosure required under this subsection shall be provided both orally and in writing at the time of application, regardless of whether insurance coverage is provided or denied to the applicant.

AB649,2,6 (2) An insurer shall disclose to each insured under each insurance policy written by the insurer any identifying information about the insured that the insurer has provided to or received from a national or statewide data base since the last time disclosure was provided to the insured under this section. The disclosure required under this subsection shall be provided in writing annually, or at renewal if the policy period is one year or less.

AB649,2,7 (End)