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1. Within 15 days after receiving the application, the department provides
16written notice, which may be by electronic mail, to the applicant describing
17specifically the information that must be provided to complete the application.
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2. The information under subd. 1. is directly related to eligibility for the license
19or to terms or conditions of the license.
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3. The information under subd. 1. is necessary to determine whether to approve
21the application or is necessary to determine the terms or conditions of the license.
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4. The extension is not longer than the number of days from the day on which
23the department provides the notice under subd. 1. to the day on which the
24department receives the information.
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1563.92
(5) (a) The department, by rule, shall establish periods within which the
2department intends to approve or disapprove an application for any license issued
3under sub. (1m).
AB486-engrossed,78,94
(b) 1. Subject to par. (d), the department shall refund fees paid by the applicant
5for a license under sub. (1m) if the department fails to provide the applicant with
6written notice, which may be by electronic mail, that the department has approved
7or disapproved the application for the license, including the specific facts upon which
8any disapproval is based, before the expiration of the period established under par.
9(a) for the license.
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2. The department may not disapprove an application for a license solely
11because the department is unable to complete its review of the application within the
12period established under par. (a).
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(c) In the rules under par. (a), the department shall specify a method for
14informing applicants of the periods established under par. (a). The department shall
15specify the method that it determines is the most cost-effective method available.
16The department is not required to notify an applicant if the department intends to
17approve or disapprove the application within 14 days after receiving the application.
AB486-engrossed,78,1918
(d) The department may extend the period established under par. (a) because
19an application is incomplete if all of the following apply:
AB486-engrossed,78,2220
1. Within 15 days after receiving the application, the department provides
21written notice, which may be by electronic mail, to the applicant describing
22specifically the information that must be provided to complete the application.
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2. The information under subd. 1. is directly related to eligibility for the license
24or to terms or conditions of the license.
AB486-engrossed,79,2
13. The information under subd. 1. is necessary to determine whether to approve
2the application or is necessary to determine the terms or conditions of the license.
AB486-engrossed,79,53
4. The extension is not longer than the number of days from the day on which
4the department provides the notice under subd. 1. to the day on which the
5department receives the information.
AB486-engrossed,79,147
601.04
(3) Licensing. The Subject to s. 601.58, the commissioner shall issue
8to any insurer or plan subject to this section a certificate of authority authorizing it
9to transact the business of insurance in this state if the commissioner is satisfied that
10it has met all requirements of law and that its methods and practices and the
11character and value of its assets will adequately safeguard the interests of its
12insureds and the public in this state. Each certificate shall be issued for a period of
13no longer than one year and shall expire on May 1. It may be renewed from year to
14year.
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16601.58 Deadlines for action on license applications. (1) Deadlines. The
17commissioner, by rule, shall establish periods within which the commissioner
18intends to approve or disapprove an application for any of the following:
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(a) A certificate of authority under s. 601.04 to transact the business of
20insurance.
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(b) An insurance intermediary license under subch. II of ch. 628, including a
22temporary license under s. 628.09.
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(c) A viatical settlement provider license under s. 632.68 (2).
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(d) A viatical settlement broker license under s. 632.68 (4).
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(e) A benefit plan administrator license under s. 633.14.
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1(2) Failure to meet deadline. (a) Subject to sub. (4), the commissioner shall
2refund fees paid by the applicant for a certificate of authority or license specified in
3sub. (1) if the commissioner fails to provide the applicant with written notice, which
4may be by electronic mail, that the commissioner has approved or disapproved the
5application for the certificate of authority or license, including the specific facts upon
6which any disapproval is based, before the expiration of the period established under
7sub. (1) for the certificate of authority or license.
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(b) The commissioner may not disapprove an application for a certificate of
9authority or license solely because the commissioner is unable to complete the review
10of the application within the period established under sub. (1).
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11(3) Notice of deadline. In the rules under sub. (1), the commissioner shall
12specify a method for informing applicants of the periods established under sub. (1).
13The commissioner shall specify the method that it determines is the most
14cost-effective method available. The department is not required to notify an
15applicant if the department intends to approve or disapprove the application within
1614 days after receiving the application.
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17(4) Permitted extension of deadline. The commissioner may extend the
18period established under sub. (1) because an application is incomplete if all of the
19following apply:
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(a) Within 15 days after receiving the application, the commissioner provides
21written notice, which may be by electronic mail, to the applicant describing
22specifically the information that must be provided to complete the application.
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(b) The information under par. (a) is directly related to eligibility for the
24certificate of authority or license or to terms or conditions of the certificate of
25authority or license.
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1(c) The information under par. (a) is necessary to determine whether to approve
2the application or is necessary to determine the terms or conditions of the certificate
3of authority or license.
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(d) The extension is not longer than the number of days from the day on which
5the commissioner provides the notice under par. (a) to the day on which the
6commissioner receives the information.
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8628.093 Deadline for acting on application. Approval or disapproval of an
9application for a license under this subchapter is subject to s. 601.58.
AB486-engrossed,81,2011
632.68
(2) (b) (intro.) A person may apply to the commissioner for a viatical
12settlement provider license on a form prescribed by the commissioner for that
13purpose. The application form shall require the applicant to provide the applicant's
14social security number, if the applicant is a natural person unless the applicant does
15not have a social security number, or the applicant's federal employer identification
16number, if the applicant is not a natural person. The fee specified in s. 601.31 (1)
17(mm) shall accompany the application.
After Subject to s. 601.58, after any
18investigation of the applicant that the commissioner determines is sufficient, the
19commissioner shall issue a viatical settlement provider license to an applicant that
20satisfies all of the following:
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632.68
(4) (b) A person may apply to the commissioner for a viatical settlement
23broker license on a form prescribed by the commissioner for that purpose. The
24application form shall require the applicant to provide the applicant's social security
25number, if the applicant is a natural person unless the applicant does not have a
1social security number, or the applicant's federal employer identification number, if
2the applicant is not a natural person. The fee specified in s. 601.31 (1) (mr) shall
3accompany the application. The commissioner may not issue a license under this
4subsection unless the applicant provides his or her social security number, unless the
5applicant does not have a social security number, or its federal employer
6identification number, whichever is applicable. If the applicant is a natural person
7who does not have a social security number, the commissioner may not issue a license
8under this subsection unless the applicant provides, on a form prescribed by the
9department of workforce development, a statement made or subscribed under oath
10or affirmation that the applicant does not have a social security number.
Approval
11or disapproval of an application for a license under this subsection is subject to s.
12601.58.
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633.14
(1) (intro.)
The Subject to s. 601.58, the commissioner shall issue a
15license to act as an administrator to an individual who does all of the following:
AB486-engrossed,82,1917
633.14
(2) (intro.)
The Subject to s. 601.58, the commissioner shall issue a
18license to act as an administrator to a corporation, limited liability company
, or
19partnership that does all of the following:
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(1) Except as provided in subsection (2x), this act first applies to applications
22that are received on the effective date of this subsection.
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23(2x) The treatment of section 196.195 (5m) and (10) of the statutes first applies
24to proceedings initiated by petitions filed with the public service commission, or by
1notices made on the public service commission's own motion, on the effective date of
2this subsection.
AB486-engrossed,83,54
(1) This act takes effect on the first day of the 13th month beginning after
5publication.