LRB-3619/1
PJK:kaf:hmh
1997 - 1998 LEGISLATURE
December 23, 1997 - Introduced by Representatives Schneider, Owens,
Ziegelbauer, Ainsworth, L. Young, Otte, Hasenohrl, Gronemus, Musser, R.
Young, Boyle and
Coggs, cosponsored by Senator Roessler. Referred to
Committee on Insurance, Securities and Corporate Policy.
AB682,1,3
1An Act to amend 631.31 (1) (a), 631.31 (1) (b), 631.31 (1) (c) and 631.31 (1) (d);
2and
to create 631.31 (1) (f) of the statutes;
relating to: providing information
3about policy cancellation.
Analysis by the Legislative Reference Bureau
Current law requires a number of types of information to appear on the first
page of an insurance policy, such as the corporate name of the insurer and the
insured's right to return a health insurance policy within 10 days of receipt. This bill
requires that the grounds upon which the policy may be canceled also appear on the
first page of the policy.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB682, s. 1
4Section
1. 631.31 (1) (a) of the statutes is amended to read:
AB682,1,65
631.31
(1) (a)
Corporate name. The name of the insurer as required by s.
6631.64
;.
AB682, s. 2
7Section
2. 631.31 (1) (b) of the statutes is amended to read:
AB682,1,98
631.31
(1) (b)
Several liability. Information that 2 or more insurers undertake
9only several liability, as required by s. 631.41
;.
AB682, s. 3
10Section
3. 631.31 (1) (c) of the statutes is amended to read:
AB682,2,2
1631.31
(1) (c)
Assessability. That the policy is assessable as required by s.
2631.65
;.
AB682, s. 4
3Section
4. 631.31 (1) (d) of the statutes is amended to read:
AB682,2,54
631.31
(1) (d)
Variable benefits. A statement that benefits are variable, as
5required by s. 632.45 (1)
; and.
AB682, s. 5
6Section
5. 631.31 (1) (f) of the statutes is created to read:
AB682,2,87
631.31
(1) (f)
Policy cancellation. The grounds upon which the policy may be
8canceled.
AB682,2,1110
(1) This act first applies to policies issued or renewed on the effective date of
11this subsection.
AB682,2,1413
(1)
This act takes effect on the first day of the 5th month beginning after
14publication.
