September 20, 2023 - Introduced by Representatives Callahan and Dittrich, cosponsored by Senator Felzkowski. Referred to Committee on Insurance.
AB437,,22An Act to repeal 49.45 (12) (a), 601.41 (8), 601.41 (10), 601.415 (12), 601.56, 601.57, 628.92 (5) and 635.10; to renumber and amend 601.64 (3) (c); to amend 15.165 (3) (b) 9., 49.45 (12) (b), 601.415 (3), 601.63 (2), 628.10 (2) (b), 646.11 (2), 646.51 (1m), 646.51 (3) (am), 646.51 (3) (ar) and 646.51 (3) (b); and to create 601.41 (13), 601.465 (1m) (c) 9m., 601.64 (3) (c) 2. a., b. and c., 609.98 (5), 611.12 (5) and 646.13 (2) (h) of the statutes; relating to: various changes to insurance laws and providing a penalty. AB437,,33Analysis by the Legislative Reference Bureau This bill modifies various insurance statutes that are generally administered by the Office of the Commissioner of Insurance. Specifically, the bill does all of the following:
1. Allows the commissioner of insurance to appoint the deputy commissioner, chief legal counsel, or chief financial regulator in OCI to serve as a member on the Wisconsin Retirement Board, rather than limiting the commissioner’s designee to an experienced actuary in OCI.
2. Eliminates the requirement that the commissioner develop a uniform employee application form that small employer insurers must use when a small employer applies for coverage under a group health benefit plan, including the requirement that small employer insurers must use the form.
3. Eliminates the requirement that the commissioner prescribe, by rule, uniform questions and the format for applications for individual major medical health insurance policies and the requirement that all insurers may use only those questions and that format for individual major medical health insurance policy applications.
4. Allows the commissioner to enter directly into a contract for the services of a consultant if OCI is coordinating a review on a regulatory matter with another state’s or U.S. territory’s insurance department that has already procured the services of the consultant.