Ins 26.01   Purpose.

Ins 26.02   Scope.

Ins 26.03   Definitions.

Ins 26.04   Prelicensing requirement.

Ins 26.05   Requirements for approval of certification of attendance at credit courses.

Ins 26.06   Requirements for approval of certification of attendance at noncredit programs.

Ins 26.07   Evidence of attendance for noncredit classroom, correspondence, self-study, or on-line programs.

Ins 26.08   Attendance requirements for noncredit programs.

Ins 26.09   Correspondence courses.

Ins 26.10   Investigation and review.

Ins 26.01 Ins 26.01 Purpose. The commissioner of insurance finds that prelicensing education should be required of all insurance applicants for major lines of insurance. This requirement will assist in assuring that insurance agents receive needed information regarding insurance, insurance ethics, and sales practices.

Ins 26.01 History History: Cr. Register, June, 1992, No. 438, eff. 7-1-92.

Ins 26.02 Ins 26.02 Scope. This chapter applies to all applicants for insurance intermediary licenses in the state of Wisconsin unless exempted under s. Ins 26.04 (2).

Ins 26.02 History History: Cr. Register, June, 1992, No. 438, eff. 7-1-92.

Ins 26.03 Ins 26.03 Definitions.

Ins 26.03(1) (1) “Accredited institution of higher education“ means a law school accredited by the American bar association or other schools accredited by any accrediting commission or association which has been recognized by the U.S. Department of Education.

Ins 26.03(2) (2) “Certificate of prelicensing education” means a completed form as described in Appendix 5.

Ins 26.03(3) (3) “Credit course” means a course which can be applied toward an associate degree or higher degree at an accredited institution of higher education.

Ins 26.03(3m) (3m) “Credit hour” means a period of study, included as a part of a course, consisting of no less than 50 minutes of classroom instruction, or 4,500 words per credit hour for correspondence, self-study, audio or video courses, or on-line courses.

Ins 26.03(4) (4) “Evidence of attendance” means an official transcript, student grade report, or commissioner-approved certificate showing satisfactory completion of educational programs or training sessions.

Ins 26.03(5) (5) “Exemption request” means a completed request as prescribed by the commissioner.

Ins 26.03(6) (6) “Noncredit program” means an educational program or training session which does not satisfy the requirements for an associate degree or higher education degree at the entity offering the educational program or training session.

Ins 26.03 History History: Cr. Register, June, 1992, No. 438, eff. 7-1-92; CR 05-111: cr. (3m) Register October 2006 No. 610, eff. 11-1-06; CR 09-022: am. (1), (3m) and (5) Register August 2009 No. 644, eff. 9-1-09; CR 19-025: am. (3m), (5) Register August 2020 No. 776, eff. 9-1-20; correction in (3m) made under s. 35.17, Stats., Register August 2020 No. 776.

Ins 26.04 Ins 26.04 Prelicensing requirement.

Ins 26.04(1) (1) Each applicant for a property, personal lines, casualty, life, or accident and health insurance license shall complete, not more than one year earlier than the date tested, at least 20 hours of a preliminary educational program approved by the commissioner in accordance with this chapter.

Ins 26.04(2) (2) Minimum prelicensing educational requirements shall not apply to the following:

Ins 26.04(2)(a) (a) Any applicant applying for a limited line insurance license for credit insurance, legal expense insurance, miscellaneous limited line, title insurance, crop, surety, or travel insurance.

Ins 26.04(2)(b) (b) Any nonresident applying for a nonresident license in the state of Wisconsin.