601.13(8)(b)
(b) To substitute for deposited securities other eligible securities, as expressly approved by the commissioner.
601.13(9)
(9) Voluntary excess deposit. A depositor may deposit eligible securities in excess of requirements to absorb fluctuations in value and to facilitate substitution of securities.
601.13(10)
(10) Release of deposit. Upon approval of the commissioner, any deposit or part thereof shall be released upon the depositor's request to the extent permitted by law.
601.13(11)
(11) Advance deposit of fees. With the approval of the commissioner, any person required to pay fees or assessments to the state through the commissioner may make a deposit with the treasurer from which the fees or assessments shall be paid on order of the commissioner not less than twice each year. Upon request by the depositor, any balance remaining shall be returned on the certificate of the commissioner that all fees and assessments have been paid to date.
601.14
601.14
Supporting services. 601.14(1)(1)
Offices. The department of administration shall provide suitable premises for the offices of the commissioner of insurance:
601.14(1)(b)
(b) Elsewhere, if approved by the governor as necessary for the efficient operation of the office.
601.14(2)
(2) Materials, supplies, equipment and contractual services. The department of administration shall provide the office with all materials, supplies, equipment and contractual services necessary for its efficient operation, including reasonable library facilities and books. Part-time or temporary services of professionals and experts shall be provided by the department of administration upon the recommendation of the commissioner, and may be provided without regard to the restrictions of
subch. II of ch. 230.
601.14 History
History: 1971 c. 307;
1977 c. 196 s.
131.
601.15
601.15
Oath. The deputy commissioner shall take and file the official oath.
601.16
601.16
Official seal and signature. 601.16(1)
(1)
Seal. The commissioner need not have nor use an official seal. Any statutory or common law requirement that an official seal be affixed is satisfied by the signature of the commissioner.
601.16(2)
(2) Signatures. Any signature of the commissioner may be in facsimile unless specifically required to be handwritten.
601.16 History
History: 1977 c. 203 s.
103.
601.17(1)(1)
Blanket bond. The commissioner shall procure a blanket bond conforming to
s. 19.01 (2) covering the commissioner and each employee of the commissioner's office in the sum of $100,000, applying separately to each covered person. The premium for the bond shall be allocated to the several appropriations under
s. 20.145.
601.17(2)
(2) Qualifications of surety. The bond shall be underwritten by an insurer authorized to transact surety business in this state and shall be approved by the governor.
601.17 History
History: 1991 a. 316.
601.18
601.18
Delegation. Any power, duty or function vested in the commissioner by law may be exercised, discharged or performed by any employee of the office acting in the commissioner's name and by the commissioner's delegated authority. Any person whose own course of action in good faith depends upon proof of the validity of an asserted delegation is not obligated to act until the person is shown a written delegation with a handwritten signature of the commissioner or deputy commissioner.
601.18 History
History: 1979 c. 102.
601.19
601.19
Organization of the office. The commissioner shall publish periodically in the Wisconsin administrative code an up-to-date chart and explanation of the organization of the commissioner's office, making clear the allocation of responsibility and authority among the staff.
601.19 History
History: 1979 c. 102 s.
236 (14).
601.20
601.20
Advisory councils and committees. 601.20(1)
(1)
Authorization to form councils and committees. The commissioner may create advisory councils and committees under
s. 15.04 (1) (c) to assist in dealing with regulatory problems. The commissioner may appoint members and may provide by rule for the creation, governance, duties and termination of any council or committee the commissioner establishes.
FINANCING THE INSURANCE OFFICE
601.31(1)(1) The following fees, unless revised by the commissioner as provided in
s. 601.32, shall be paid to the commissioner:
601.31(1)(a)
(a) For filing documents for examination preliminary to initial licensing or for any other initial filing of documents required by law as a prerequisite for operating or otherwise providing services in this state, including the filing of articles of incorporation, the first declaration or statement, a certified copy of charter, and others:
601.31(1)(b)
(b) For issuing a permit or certificate of authority:
601.31(1)(c)
(c) Annually for continuation of a permit or certificate of authority:
601.31(1)(d)
(d) For filing articles of amendment, domestic companies, $25.
601.31(1)(e)
(e) For filing a copy of amendments to the articles of a nondomestic insurer, $25.
601.31(1)(g)
(g) For filing a copy of articles of merger of a nondomestic insurer, other than with a domestic corporation, $25.
601.31(1)(h)
(h) For filing an application by a nondomestic insurer for amended certificate of authority to transact business in this state, $25.
601.31(1)(i)
(i) For filing an application to reserve a corporate name, $25.
601.31(1)(j)
(j) For filing a notice of transfer of a reserved corporate name, $25.
601.31(1)(L)
(L) For issuing or enlarging the scope of a license, amounts to be set by the commissioner by rule but not to exceed:
601.31(1)(L)2.
2. Corporation, limited liability company or partnership intermediary, $100; and
601.31(1)(Lr)
(Lr) For each biennial recertification as an independent review organization under
s. 632.835, $100.
601.31(1)(m)
(m) For regulating resident intermediaries and nonresident intermediaries, annually after the year in which the initial license is issued, amounts to be set by the commissioner by rule and paid at times and under procedures set by the commissioner.
601.31(1)(mc)
(mc) For regulating a holder of a license to place business under
s. 618.41, annually after the year in which the initial license is issued, an amount to be set by the commissioner by rule and paid at times and under procedures set by the commissioner, but not to exceed $100.
601.31(1)(mp)
(mp) For each annual renewal of a license as a viatical settlement provider under
s. 632.68 (2), $250.
601.31(1)(n)
(n) For listing, or renewing a listing of, an agent under
s. 628.11, a fee to be set by the commissioner by rule but not to exceed $8 annually for resident agents or $24 annually for nonresident agents.
601.31(1)(o)
(o) For examination of an applicant for a license as an insurance intermediary, an amount to be set by the commissioner by rule.
601.31(1)(p)
(p) For substituted service of process on the commissioner under
s. 601.72, $10.
601.31(1)(q)
(q) For a copy of a paper filed in the commissioner's office, actual cost.
601.31(1)(r)
(r) For preparation and furnishing of lists of insurers or intermediaries, actual cost.
601.31(1)(t)
(t) For filing documents for examination preliminary to initial listing by the commissioner for surplus lines insurance under
s. 618.41 (6) (d), $100.
601.31(1)(u)
(u) For preparation and furnishing of an agent's letter of certification, $10.
601.31(1)(v)
(v) For preparation and furnishing of an agent's letter of clearance, $10.
601.31(1)(w)
(w) For initial issuance and for each annual renewal of a license as an administrator under
ch. 633, $100.
601.31(1)(x)1.1. For issuing approval to an organization to offer prelicensing or continuing education courses or programs for intermediaries under
s. 628.04 (3), a fee to be set by the commissioner by rule, but not to exceed $500.
601.31(1)(x)2.
2. By organizations approved under
subd. 1., for renewing the approval of such organizations, annually after the year in which the approval under
subd. 1. is issued, an amount to be set and paid at times and under procedure set by the commissioner by rule, but not to exceed $100.
601.31(1)(x)3.
3. By organizations approved under
subd. 1., for submitting, for initial approval or approval of any subsequent modification, each course for prelicensing or continuing education, a fee to be set by the commissioner by rule, but not to exceed $25 per credit hour.
