Ins 3.13 NoteSections 632.73 (2m) and 600.03 (35) (e), as created by Chapter 82, Laws of 1981, provide for the right of return provisions in certain certificates of group Medicare supplement policies. Therefore, for purposes of this subparagraph, the word policy includes a Medicare supplement certificate subject to s. Ins 3.39 (4), (4m), (4t), (5), (5m), (5t), and (6). Ins 3.13(2)(k)(k) A policy which contains any provision under which the claimant may elect one benefit in lieu of another shall not limit to a specified period the time within which election may be made. Ins 3.13(3)(a)(a) A rider is an instrument signed by one or more officers of the insurer issuing the same to be attached to and form a part of a policy. All riders shall comply with the requirements of s. 204.31 (2) (a) 4., 1973 Stats. Ins 3.13(3)(b)(b) If the rider reduces or eliminates coverage of the policy, signed acceptance of the rider by the insured is necessary. However, signed acceptance of the rider is not necessary when the rider is attached at the time of the original issuance of the policy if notice of the attachment of the rider is affixed on the face and filing back, if any, in contrasting color, in not less than 12-point type. Such notice shall be worded in one of the following ways: “Notice! See Elimination Rider Attached”
“Notice! See Exclusion Rider Attached”
“Notice! See Exception Rider Attached”
“Notice! See Limitation Rider Attached”
A company may submit, subject to approval by the commissioner, other wording which it believes is equally clear or more definite as to subject matter.
Ins 3.13(3)(c)(c) An endorsement differs from a rider only in that it is applied to a policy by means of printing or stamping on the body of the policy. All endorsements shall comply with the requirements of s. 204.31 (2) (a) 4., 1973 Stats. Ins 3.13(3)(d)(d) If the endorsement reduces or eliminates coverage of the policy, signed acceptance of the endorsement by the insured is necessary. However, signed acceptance of the endorsement is not necessary when the endorsement is affixed at the time of the original issuance of the policy if notice of the endorsement is affixed on the face and filing back, if any, in contrasting color, in not less than 12-point type. Such notice shall be worded in one of the following ways: “Notice! See Elimination Endorsement Included Herein”
“Notice! See Exclusion Endorsement Included Herein”
“Notice! See Exception Endorsement Included Herein”
“Notice! See Limitation Endorsement Included Herein”
“Notice! See Reduction Endorsement Included Herein”
A company may submit, subject to approval by the commissioner, other wording which it believes is equally clear or more definite as to subject matter.
Ins 3.13(4)(b)(b) It shall not be necessary for the applicant to sign a proxy provision as a condition for obtaining insurance. The applicant’s signature to the application must be separate and apart from any signature to a proxy provision. Ins 3.13(4)(c)(c) The application form, or the copy of it, attached to a policy shall be plainly printed or reproduced in light-faced type of a style in general use, the size of which shall be uniform and not less than 10-point. Ins 3.13(6)(a)(a) The following must be accompanied by a rate schedule: Ins 3.13(6)(b)(b) The rate schedule shall bear the insurer’s name and shall contain or be accompanied by the following information: Ins 3.13(6)(b)1.1. The form number or identification symbol of each policy, rider or endorsement to which the rates apply. Ins 3.13(6)(b)2.2. A schedule of rates including policy fees or rate changes at renewal, if any, variations, if any, based upon age, sex, occupation, or other classification.