Wisconsin Statutes 618.415 – Group liability insurance issued by an unauthorized insurer
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Terms Used In Wisconsin Statutes 618.415
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1) Notice before taking application. A person may not take an application for liability insurance coverage under a group liability insurance policy which is issued by an unauthorized insurer and which is for a risk that resides or is otherwise located in this state, unless before taking the application the person gives the applicant clear and prominent written notice of all of the following:
(a) The insurer’s deficiencies, if any, under s. 618.41 (8) (a) 1.
(b) That the insurer has not obtained a certificate of authority in this state and is not regulated in this state.
(c) That the risk is not protected by the Wisconsin insurance security fund.
(d) Any other information required by the commissioner by rule.
(2) Notice in the evidence of insurance. A person may not provide liability insurance coverage under a group insurance policy which is issued by an unauthorized insurer to a member for a risk that resides or is otherwise located in this state, unless the evidence of insurance clearly and prominently includes all of the following:
(a) The information and notice required under s. 618.41 (9).
(b) That the risk is not protected by the Wisconsin insurance security fund.
(c) Any other information required by the commissioner by rule.