Wisconsin Statutes 625.33 – Binding agreements by insurers
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No insurer shall assume any obligation to any person other than a policyholder or other companies under common control to use or adhere to certain rates or rules, and no other person shall impose any penalty or other adverse consequence for failure of an insurer to adhere to certain rates or rules.
625.33 Cross-reference Cross-reference: See also s. Ins. 6.25, Wis. adm. code.
Terms Used In Wisconsin Statutes 625.33
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01