Ins 6.75(2)(c) (c) Disability insurance — insurance covering injury or death of persons caused by accident, or insurance covering health of persons;

Ins 6.75(2)(c)1. 1. Credit accident and sickness insurance — insurance in connection with specific loans or credit transactions against loss of time of debtors resulting from accident or sickness when all or a portion of the insurance is payable to the creditor to reduce or extinguish the debt;

Ins 6.75(2)(d) (d) Liability and incidental medical expense (other than automobile) insurance — insurance against liability for damages to persons or property, and incidental insurance for medical expenses when written in the same policy, but not including any liability insurance defined in other paragraphs of this rule;

Ins 6.75(2)(e) (e) Automobile insurance — insurance against loss, medical or other expense, and liability for damages arising out of the ownership, maintenance or use of and automobile or other motor vehicle;

Ins 6.75(2)(f) (f) Fidelity insurance — insurance against loss arising out of the acts or defaults of persons in positions of trust, excluding commercial bail bond insurance except as a surety under s. 345.61, Stats.

Ins 6.75(2)(g) (g) Surety insurance — payment for loss arising out of failure to perform contracts or obligations, excluding commercial bail bond insurance except as a surety under s. 345.61, Stats.

Ins 6.75(2)(h) (h) Title insurance — insurance against loss by reason of defects in titles to property;

Ins 6.75(2)(i) (i) Mortgage guaranty insurance — insurance against loss arising from failure of:

Ins 6.75(2)(i)1. 1. Debtors to meet financial obligations to creditors under evidences of indebtedness which are secured by either:

Ins 6.75(2)(i)1.a. a. A first lien or charge on residential real estate designed for occupancy by not more than four families; or

Ins 6.75(2)(i)1.b. b. i. A first lien or charge on residential real estate designed for occupancy by 5 or more families; or

ii. A first lien or charge on real estate designed for industrial or commercial purposes; or

Ins 6.75(2)(i)1.c. c. A stock or membership certificate issued to the tenant stockholders or resident members of a completed fee simple cooperative housing corporation as defined in 26 U.S.C. s. 216 (b) (1); or

Ins 6.75(2)(i)1.d. d. A junior lien or charge on residential real estate.

Ins 6.75(2)(i)2. 2. Lessees to make payment of rentals under leases of real estate in which the lease extends for 3 years or longer.

Ins 6.75(2)(j) (j) Credit insurance — insurance against loss arising from failure of debtors to meet financial obligations to creditors, except as defined in par. (i) 1. a., b., c., and 2.;

Ins 6.75(2)(k) (k) Worker’s compensation insurance — insurance against obligations under ch. 102, Stats., or any similar law, and including employers’ liability insurance when written in the same policy;

Ins 6.75(2)(L) (L) Legal expense insurance — insurance against expense for the professional services of licensed lawyers;

Ins 6.75(2)(m) (m) Credit unemployment insurance — insurance against loss of income of debtors resulting from either labor disputes or involuntary unemployment;

Ins 6.75(2)(n) (n) Miscellaneous — insurance against any other property or casualty insurance risk which lawfully may be the subject of insurance not specifically defined in any other paragraph of this rule;

Ins 6.75(2)(o) (o) Aircraft insurance — insurance against loss, medical or other expense, and liability for damages arising out of the ownership, maintenance or use of any aircraft.

Ins 6.75 History History: Cr. Register, August, 1977, No. 260, eff. 9-1-77; am. (2) (f) and (g), Register, March, 1980, No. 291, eff. 4-1-80; am. (2) (i) and (j), Register, October, 1982, No. 322, eff. 11-1-82; emerg. am. (1) (a), eff. 10-4-88, am. (1) (a) (intro.), Register, December, 1988, No. 396, eff. 1-1-89; CR 01-074: am. (2) (e) and (n), cr. (2) (o), Register January 2002 No. 553, eff. 2-1-02.

Ins 6.76 Ins 6.76 Grounds for disapproval of and authorized clauses for fire, inland marine and other property insurance forms.

Ins 6.76(1) (1) Purpose. The purpose of this rule is to set out characteristics and provision of fire, inland marine and other property insurance forms, as defined by s. Ins 6.75 (2) (a), which may constitute grounds for disapproval of such forms under the provisions of s. 631.20 (2), Stats., and to promulgate authorized clauses for such forms under s. 631.23, Stats., because it has been found that:

Ins 6.76(1)(a) (a) Price or coverage competition is ineffective because diversity in language or content makes comparison difficult;

Ins 6.76(1)(b) (b) Provision of language, content or form of these specific clauses is necessary to provide certainty of meaning of them;

Ins 6.76(1)(c) (c) Regulation of contract forms will be more effective and litigation will be substantially reduced if there is increased standardization of certain clauses; and

Ins 6.76(1)(d) (d) Reasonable minimum standards of insurance protection are needed for policies to serve a useful purpose.

Ins 6.76(2) (2) Grounds for disapproval. A fire, inland marine or other property insurance form may be considered misleading, deceptive or obscure within the meaning of s. 631.20 (2), Stats., if it does not clearly state the perils covered, the limitations, and the conditions, or if it contains provisions contrary to the law, or if it does not include clauses covering the following provisions where appropriate: