- See PDF for table

- See PDF for table

- See PDF for table

- See PDF for table

Ins 8.11(7) (7) Actuary qualifications. The actuarial certification specified in sub. (6) shall be signed by an actuary who satisfies the requirements of s. Ins 6.12.

Ins 8.11 History History: Cr. Register, April, 1988, No. 388, eff. 5-1-88; correction in (1) made under s. 13.93 (2m) (b) 7., Stats., Register October 2002 No. 562.

subch. II of ch. Ins 8 Subchapter II — Employee Benefit Plan Administrators

Ins 8.20 Ins 8.20 Purpose. This subchapter interprets and implements ch. 633, Stats.

Ins 8.20 History History: Cr. Register, April, 1992, No. 436, eff. 5-1-92.

Ins 8.22 Ins 8.22 Definitions. In this subchapter:

Ins 8.22(1) (1) “Administrator” has the meaning given in s. 633.01 (1), Stats.

Ins 8.22(2) (2) “Commissioner” means the commissioner of insurance.

Ins 8.22(3) (3) “Employee” has the meaning given in s. 633.01 (2), Stats.

Ins 8.22(4) (4) “Office” means the office of the commissioner.

Ins 8.22(5) (5) “Plan” has the meaning given in s. 633.01 (4), Stats.

Ins 8.22(6) (6) “Principal” has the meaning given in s. 633.01 (5), Stats.

Ins 8.22 History History: Cr. Register, April, 1992, No. 436, eff. 5-1-92.

Ins 8.24 Ins 8.24 Exemptions.

Ins 8.24(1) (1) Each of the following is exempt from ch. 633, Stats., and this subchapter for the portion of its business subject to regulation under the specified sections:

Ins 8.24(1)(a) (a) An administrator of one or more self-insured, partially insured or divided insurance worker’s compensation plans subject to s. DWD 80.60 or 80.61.

Ins 8.24(1)(b) (b) A warrantor or warranty plan administrator, as defined in s. Ins 15.01 (4) (c) or (e), that holds a valid certificate of authority under ch. Ins 15.

Ins 8.24(2) (2) An administrator that is partially exempt under sub. (1) (a) or (b) is subject to ch. 633, Stats., and this subchapter for any portion of its business that is outside the scope of the exemption.

Ins 8.24 History History: Cr. Register, April, 1992, No. 436, eff. 5-1-92; correction in (1) (a) made under s. 13.93 (2m) (b) 7., Stats., Register, June, 1997, No. 498.

Ins 8.26 Ins 8.26 Licensing.

Ins 8.26(1) (1) Application. A person applying for a new or renewal license as an administrator shall submit an application to the office in the form prescribed by the office. With the application, the person shall submit all of the following:

Ins 8.26(1)(a) (a) With the initial application, a performance bond meeting the requirements of s. Ins 8.28.

Ins 8.26(1)(b) (b) With a renewal application, proof that the bond continues to meet the requirements of s. Ins 8.28, if the amount required for the bond has changed.

Ins 8.26(1)(c) (c) A financial statement for the administrator’s most recently completed fiscal year, prepared according to generally accepted accounting principles. The financial statement shall report the administrator’s assets, liabilities and net worth, the results of operations and the changes in net worth for the fiscal year on the accrual basis.

Ins 8.26(1)(d) (d) A statement as to whether the administrator does any of the following: