According to (your application) (the information furnished by you), you intend to lapse or otherwise terminate your present policy and replace it with a policy to be issued by _________ Insurance Company. For your own information and protection, certain facts should be pointed out to you which should be considered before you make this change.
Ins 3.29(7)(a)1.1. Health conditions which you may presently have may not be covered under the new policy. This could result in a claim for benefits being denied which may have been payable under your present policy. (This language may be modified if pre-existing conditions are covered under the new policy.)
Ins 3.29(7)(a)2.2. Even though some of your present health conditions may be covered under the new policy, these conditions may be subject to certain waiting periods under the new policy before coverage is effective. (This language may be modified if pre-existing conditions are covered under the new policy.)
Ins 3.29(7)(a)3.3. Questions in the application for the new policy must be answered truthfully and completely; otherwise, the validity of the policy and the payment of any benefits thereunder may be voided.
Ins 3.29(7)(a)4.4. The new policy will be issued at a higher age than that used for issuance of your present policy; therefore, the cost of the new policy, depending upon the benefits, may be higher than you are paying for your present policy.
Ins 3.29(7)(a)5.5. The renewal provisions of the new policy should be reviewed so as to make sure of your rights to periodically renew the policy.
Ins 3.29(7)(a)6.6. It may be to your advantage to secure the advice of your present insurer or its agent regarding the proposed replacement of your present policy. You should be certain that you understand all the relevant factors involved in replacing your present coverage. The above “Notice to Applicant” was delivered to me on
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Date
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Applicant
Ins 3.29(7)(b)(b) The notice required by sub. (6) for a Medicare supplement policy subject to s. Ins 3.39 (4), (4m), (4t), (5), (5m), (5t), and (7), shall include an introductory statement in substantially the following form: Your new policy provides _______ days within which you may decide without cost whether you desire to keep the policy.
Ins 3.29(8)(8)Violation. A violation of this rule shall be considered to be a misrepresentation for the purpose of inducing a person to purchase insurance. A person guilty of such violation shall be subject to s. 601.64, Stats.
Ins 3.29(10)(10)Effective date. This rule shall become effective September 1, 1974.
Ins 3.29 HistoryHistory: Cr. Register, June, 1974, No. 222, eff. 9-1-74; emerg. am. (1) and (2), eff. 6-22-76; am. (1) and (2), Register, September, 1976, No. 249, eff. 10-1-76; am. (2), Register, March, 1979, No. 279, eff. 4-1-79; am. (3) (a) and (i), r. (3) (j), renum. (7) to be (7) (a) and am., cr. (7) (b), Register, June, 1982, No. 318, eff. 7-1-82; r. (9) under s. 13.93 (2m) (b) 16., Stats., Register, December, 1984, No. 348; corrections in (1), (3) (a) and (4) (d) made under s. 13.93 (2m) (b) 5. and 7., Stats., Register, April, 1992, No. 436; CR 08-112: am. (3) (a) and (7) (b) Register June 2009 No. 642, eff. 7-1-09; CR 19-036: am. (3) (a), (7) (b) Register December 2019 No. 768, eff. 1-1-20.
Ins 3.30Ins 3.30Change of beneficiary and related provisions in accident and sickness insurance policies.
Ins 3.30(1)(1)Purpose. The purpose of this rule is to establish guidelines for wording change of beneficiary provisions and related provisions in accident and sickness insurance policies.
Ins 3.30(2)(2)Scope. This rule shall apply to policy forms subject to s. Ins 6.75 (1) (c) or (2) (c) and s. 600.03 (4), (22) and (23), Stats.
Ins 3.30(3)(3)Guidelines. A change of beneficiary provisions and any related provision:
Ins 3.30(3)(a)(a) Shall comply with s. 632.71, Stats., except as provided in ss. 631.81 and 632.77 (4), Stats., where applicable, and
Ins 3.30(3)(b)(b) May include requirements or limitations which would be consistent with an orderly method of handling beneficiary designations and changes such as:
Ins 3.30(3)(b)1.1. A requirement that a beneficiary designation or change be recorded by the insurer;
Ins 3.30(3)(b)2.2. A provision that a claim payment made before a change in beneficiary designation is recorded is not subject to such change;
Ins 3.30(3)(b)3.3. A requirement that a beneficiary designation or change be written as opposed to oral; or
Ins 3.30(3)(b)4.4. A requirement that a beneficiary designation or change be given to a particular agent, representative or office.
Ins 3.30 HistoryHistory: Cr. Register, May, 1974, No. 221, eff. 6-1-74; emerg. am. (2) and (3) (a), eff. 6-22-76; am. (2) and (3) (a), Register, September, 1976, No. 249, eff. 10-1-76; am. (2) and (3) (a), Register, March, 1979, No. 279, eff. 4-1-79; correction in (2) made under s. 13.93 (2m) (b) 7., Stats., Register, April, 1992, No. 436.
Ins 3.31Ins 3.31Eligibility for and solicitation, underwriting and claims practices in group, blanket and group type accident and sickness insurance.
Ins 3.31(1)(1)Purpose. The purpose of this rule is to promote the fair and equitable treatment of Wisconsin residents in the solicitation, underwriting and administration of accident and sickness insurance and coverage issued by a plan subject to s. 185.981, Stats., or ch. 613, Stats. Sections of Statutes interpreted or implemented by this rule include but are not limited to ss. 601.04 (3), 601.01 (2), 611.20, 618.12 (1) and 632.76, Stats.
Ins 3.31(2)(2)Scope. This rule applies to the solicitation, underwriting and administration of insurance issued by an insurer under s. 600.03 (4) or (23), Stats., except credit accident and sickness insurance under s. Ins 6.75 (1) (c) 1. or (2) (c) 1., and coverage issued on a group basis or group type basis as defined in s. Ins 6.51 (3) by a plan subject to s. 185.981, Stats., or ch. 613, Stats. For the purposes of this rule, references to insurer, certificate, insurance agent or representative, enrollment form and enrollee also apply to organizations or associations operating non-profit plans, contracts, summaries of coverage, persons within the scope of the rule, individual applications and applicants, respectively.