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.
601.31(1)(y)1.1. For certifying a copy of an annual statement, an examination report, a certificate of authority or articles and bylaws, or amendments to any of those documents, $10.
601.31(1)(y)2.
2. For a duplicate certification that is requested at the same time as the certification under
subd. 1., $5.
601.31(3)
(3) The commissioner may not increase fees under
sub. (1) (m) above the amounts in effect on March 25, 1988, except for the purpose of funding projected expenses for the office's supervision of the insurance industry.
601.31 History
History: 1971 c. 40 s.
93;
1971 c. 125,
260,
307;
1975 c. 223,
371,
373,
374,
421;
1979 c. 102 ss.
63 to
65,
237;
1979 c. 261,
355;
1981 c. 20 ss.
1739 to
1748,
2202 (26) (a);
1981 c. 38,
314;
1983 a. 358;
1985 a. 29;
1987 a. 27,
166;
1989 a. 31;
1991 a. 39;
1993 a. 112;
1995 a. 27,
371,
396;
1999 a. 9,
155.
601.31 Annotation
Legislative Council Note on sub. (2), 1979: In addition to some editorial corrections, this provision has been amended to apply s. 601.31 (2) [(1) (b)] and (3) [(1) (c)] to former ch. 185 insurers, now operating under subch. I of ch. 616. It also applies s. 601.31 (2) [(1) (b)] and (3) [(1) (c)] to town mutuals. The exemption of fraternals in sub. (25) from certain fees is not justified and is deleted. [Bill 21-S]
601.32
601.32
Supervision of industry, supplementary fee. 601.32(1)(1) If the moneys credited to
s. 20.145 (1) (g) under other sections of the statutes prove inadequate for the office's supervision of insurance industry program, the commissioner may increase any or all of the fees imposed by
s. 601.31, or may in any year levy a special assessment on all domestic insurers, or both, for the general operation of that program.
601.32(2)
(2) Any special assessment shall be in addition to all other taxes, fees, dues and charges and shall not exceed for any such company a maximum of 25 cents per $1,000 of gross premiums received by it during the preceding calendar year on direct insurance in this state, less returned premiums and cancellations.
601.32(3)
(3) Any assessment made by the commissioner which is less than the maximum shall be prorated among said companies in the same proportion as if it were a maximum assessment. Any such assessment shall be paid to the commissioner on or before July 31 of each year.
601.32(4)
(4) The commissioner may omit the levy of any assessment which would be smaller than the cost of processing and collecting it.
601.33
601.33
Exemption from taxation. Municipal insurance mutuals organized under
s. 611.11 (4) are not subject to any taxes or fees except those imposed by
ss. 601.31 and
601.32.
601.33 History
History: 1977 c. 346.
