601.64 HistoryHistory: 1971 c. 260; Sup. Ct. Order, 67 Wis. 2d 585, 776 (1975); 1975 c. 218, 371, 421; 1977 c. 203; 1977 c. 339 s. 43; 1979 c. 89; 1979 c. 102 ss. 78, 236 (5); 1979 c. 177; 1985 a. 29; 1987 a. 167, 247; 1989 a. 332; 1995 a. 396; 1997 a. 27, 283; 2001 a. 109; 2003 a. 261; 2005 a. 74; 2013 a. 20; 2021 a. 114; 2023 a. 212.
601.64 AnnotationLegislative Council Note on sub. (5), 1975: This amendment removes insurance intermediaries from the purview of the subsection. Under this act, revocation of an intermediary’s license will be governed by s. 628.10 (2). [Bill 16-S]
601.65601.65Marketing firm forfeitures.
601.65(1)(1)In this section “firm” means a person that markets insurance but does not include an insurer.
601.65(2)(2)A firm is liable for a forfeiture of not more than $1,000 for each violation by an insurance agent of a provision of, a rule promulgated under or an order issued under chs. 600 to 655 if the violation is in connection with an insurance policy or group certificate obtained or to be obtained through or from the firm and if any of the following applies:
601.65(2)(a)(a) The firm regularly utilizes the insurance agent to market insurance policies or group certificates.
601.65(2)(b)(b) The primary insurance marketing activities of the insurance agent are in connection with insurance policies or group certificates obtained or to be obtained through or from the firm.
601.65(2)(c)(c) The insurance agent is employed by or is under contract with the firm to market insurance policies or group certificates.
601.65(3)(3)If a provision of, a rule promulgated under or an order issued under chs. 600 to 655 imposes a duty to submit a periodic or recurring report to the commissioner, each week of delay in submitting the report constitutes a separate violation. Each day of continued violation of an order issued under s. 601.41 (4) constitutes a separate violation.
601.65 HistoryHistory: 1985 a. 29.
601.71601.71Enforcement of policyholder rights. When the commissioner is satisfied that any nondomestic insurer which no longer has a certificate of authority in this state does or omits to do any act whereby the rights of policyholders who are residents of this state, or who hold contracts issued or delivered in this state, are adversely affected, or whereby its ability to carry out its contracts with those policyholders is impaired, the commissioner may, with the agreement of the attorney general, bring an action in the name of the state on behalf of all policyholders so situated for the purpose of enforcing their rights. The attorney general shall act as attorney for the state in the action and the expenses shall be borne as in other civil actions in behalf of the state. Upon service of the complaint the insurer shall file with the commissioner the names and addresses of all policyholders so situated. A notice of the action shall be mailed to every such policyholder either by the commissioner or by the insurer, as the commissioner determines. Any policyholder affected by the action may intervene.
601.71 HistoryHistory: 1979 c. 102.
601.715601.715Registered agent for service of process.
601.715(1)(1)Every authorized insurer shall continuously maintain in this state a registered agent for service of process, notice or demand on the insurer. The authorized insurer shall file the name and address of the registered agent with the commissioner. The registered agent may be any of the following:
601.715(1)(a)(a) A natural person who resides in this state.
601.715(1)(b)(b) A domestic corporation, nonstock corporation or limited liability company incorporated or organized in this state with a business office in this state.
601.715(1)(c)(c) A foreign corporation or limited liability company authorized to transact business in this state with a business office in this state.
601.715(2)(2)
601.715(2)(a)(a) An authorized insurer may change its registered agent by delivering to the commissioner for filing a statement of registered agent change that is signed by an officer of the insurer and that includes all of the following information:
601.715(2)(a)1.1. The name and home office address of the authorized insurer.
601.715(2)(a)2.2. The name of the registered agent, as changed.
601.715(2)(a)3.3. The complete address of the registered agent, as changed.
601.715(2)(a)4.4. Any other information that the commissioner may require.
601.715(2)(b)(b) An authorized insurer may change its registered agent no more than one time per year.
601.715(3)(3)A registered agent of an authorized insurer may change its registered agent address by doing all of the following:
601.715(3)(a)(a) Notifying in writing the authorized insurer for which the registered agent is acting.
601.715(3)(b)(b) Delivering to the commissioner for filing a statement that includes all of the following:
601.715(3)(b)1.1. The name and home office address of the authorized insurer for which the registered agent is acting.
601.715(3)(b)2.2. The complete new registered agent address.