OTHER INSURANCE PRODUCTS

424.401   Cancellation by customer.

424.402   Insurance cancellation credit or payment.

SUBCHAPTER V

INSURANCE PRACTICES

424.501   False, misleading or deceptive insurance solicitation.

424.502   Insurance commissions; limitations.

SUBCHAPTER VI

ADMINISTRATION

424.601   Cooperation between administrator and commissioner of insurance.

424.602   Administrative action of commissioner of insurance.

Ch. 424 Cross-reference Cross-reference: See definitions in s. 421.301.

subch. I of ch. 424 SUBCHAPTER I

GENERAL PROVISIONS

424.101 424.101 Short title. This chapter shall be known and may be cited as Wisconsin consumer act—insurance.

424.101 History History: 1971 c. 239.

424.102 424.102 Scope. This chapter applies to agreements between a creditor and a debtor under which insurance is provided or is to be provided in relation to consumer credit transactions.

424.102 History History: 1971 c. 239; 1973 c. 3.

424.103 424.103 Application of general definitions. The definitions in s. 421.301 shall apply to this chapter.

424.103 History History: 1973 c. 3; 1981 c. 390 s. 252.

subch. II of ch. 424 SUBCHAPTER II

CONSUMER CREDIT INSURANCE

424.201 424.201 Definition “consumer credit insurance”. “Consumer credit insurance” means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:

424.201(1) (1) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring customers of the creditor;

424.201(2) (2) Insurance indemnifying the creditor against loss due to the customer’s default; or

424.201(3) (3) A guaranteed asset protection waiver, as defined in s. 218.0148 (1) (e).

424.201 History History: 1971 c. 239; 1973 c. 3; 1985 a. 256; 1995 a. 329; 2017 a. 161.

424.202 424.202 Charge for insurance.