FINANCING THE INSURANCE OFFICE
601.31 601.31 Fees.
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)(a)1. 1. Domestic and nondomestic insurers, $400.
601.31(1)(a)2. 2. Rate service organizations, $400.
601.31(1)(a)3. 3. Motor clubs, $400.
601.31(1)(a)4. 4. Licensees under ch. 615, $100.
601.31(1)(a)5. 5. Providers of services under ch. 647, $100.
601.31(1)(b) (b) For issuing a permit or certificate of authority:
601.31(1)(b)1. 1. Domestic and nondomestic insurers, $400.
601.31(1)(b)2. 2. Rate service organizations, $400.
601.31(1)(b)3. 3. Motor clubs, $400.
601.31(1)(b)4. 4. Licensees under ch. 615, $100.
601.31(1)(b)5. 5. Providers of services under ch. 647, $100.
601.31(1)(c) (c) Annually for continuation of a permit or certificate of authority:
601.31(1)(c)1. 1. Domestic and nondomestic insurers, $100.
601.31(1)(c)2. 2. Rate service organizations, $100.
601.31(1)(c)3. 3. Motor clubs, $100.
601.31(1)(c)4. 4. Licensees under ch. 615, $25.
601.31(1)(c)5. 5. Providers of services under ch. 647, $25.
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)(f) (f) For filing articles of merger, $100.
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)(k) (k) For filing an annual statement, except as provided in s. 641.13:
601.31(1)(k)1. 1. Domestic and nondomestic insurers, $100.
601.31(1)(k)2. 2. Rate service organizations, $100.
601.31(1)(k)3. 3. Motor clubs, $100.
601.31(1)(k)4. 4. Licensees under ch. 615, $25.
601.31(1)(k)5. 5. Providers of services under ch. 647, $25.
601.31(1)(k)6. 6. Domestic mutual insurance holding companies, $100.
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)(L)3. 3. Licensees authorized to place business under s. 618.41, $100.
601.31(1)(Lm) (Lm) For issuing a duplicate license, $5.
601.31(1)(Lp) (Lp) For certifying as an independent review organization under s. 632.835, $400.
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)(mm) (mm) For initial issuance of a license as a viatical settlement provider under s. 632.68 (2), $750.
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)(mr) (mr) For initial issuance of a license as a viatical settlement broker under s. 632.68 (4), $750.
601.31(1)(ms) (ms) For each annual renewal of a license as a viatical settlement broker under s. 632.68 (4), $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(2) (2) Town mutuals and insurers operating under subch. I of ch. 616 are exempt from all provisions of this section except sub. (1) (b), (c) and (q).
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 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.
601.32 History History: 1975 c. 372 s. 41; 1977 c. 339; 1979 c. 102 ss. 66, 236 (4); 1983 a. 215.
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.
601.34 601.34 Loan to general fund.
601.34(1) (1) No later than October 1, 2002, an amount equal to $850,000 shall be lapsed from the appropriation account under s. 20.145 (1) (g) to the general fund. The amount lapsed from the appropriation account shall be considered a loan to the general fund and interest shall accrue on the amount lapsed at the average rate earned by the state on its deposits in the state investment fund during the period of the loan.
601.34(2) (2) The secretary of administration shall pay the principle and interest costs on the loan from the appropriation account under s. 20.855 (1) (ch) as follows:
601.34(2)(a) (a) After the close of the 2002-03 fiscal year, the secretary shall make principle and interest payments equal to the moneys lapsed to the general fund from the appropriation account under s. 20.515 (2) (a) in that year, if any, and from moneys lapsed to the general fund from the appropriation account under s. 20.515 (2) (g) in the amounts specified in s. 40.98 (6m), if any.
601.34(2)(b) (b) After the close of each fiscal year thereafter, the secretary shall make principle and interest payments equal to the moneys lapsed to the general fund from the appropriation account under s. 20.515 (2) (g) in the amounts specified in s. 40.98 (6m), if any.
601.34(2)(c) (c) If the secretary determines during any fiscal year that the moneys paid under pars. (a) and (b) will not be sufficient to repay the loan within a reasonable period of time, as determined by the secretary and the commissioner, the secretary shall pay all remaining principle and interest costs on the loan after the close of that fiscal year.
601.34 History History: 2001 a. 109.
subch. IV of ch. 601 SUBCHAPTER IV
POWERS AND DUTIES OF COMMISSIONER
601.41 601.41 General duties and powers.
601.41(1) (1)Duties. The commissioner shall administer and enforce chs. 600 to 655 and ss. 59.52 (11) (c), 66.0137 (4) and (4m), 120.13 (2) (b) to (g), 149.13 and 149.144 and shall act as promptly as possible under the circumstances on all matters placed before the commissioner.
601.41(2) (2)Powers. The commissioner shall have all powers specifically granted to the commissioner, or reasonably implied in order to enable the commissioner to perform the duties imposed by sub. (1).
601.41(3) (3)Rules.
601.41(3)(a)(a) The commissioner shall have rule-making authority under s. 227.11 (2).
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This is an archival version of the Wis. Stats. database for 2001. See Are the Statutes on this Website Official?