Ins 26.03(5)(5)“Exemption request” means a completed request as prescribed by the commissioner.
Ins 26.03(6)(6)“Noncredit program” means an educational program or training session which does not satisfy the requirements for an associate degree or higher education degree at the entity offering the educational program or training session.
Ins 26.03 HistoryHistory: Cr. Register, June, 1992, No. 438, eff. 7-1-92; CR 05-111: cr. (3m) Register October 2006 No. 610, eff. 11-1-06; CR 09-022: am. (1), (3m) and (5) Register August 2009 No. 644, eff. 9-1-09; CR 19-025: am. (3m), (5) Register August 2020 No. 776, eff. 9-1-20; correction in (3m) made under s. 35.17, Stats., Register August 2020 No. 776.
Ins 26.04Ins 26.04Prelicensing requirement.
Ins 26.04(1)(1)Each applicant for a property, personal lines, casualty, life, or accident and health insurance license shall complete, not more than one year earlier than the date tested, at least 20 hours of a preliminary educational program approved by the commissioner in accordance with this chapter.
Ins 26.04(2)(2)Minimum prelicensing educational requirements shall not apply to the following:
Ins 26.04(2)(a)(a) Any applicant applying for a limited line insurance license for credit insurance, legal expense insurance, miscellaneous limited line, title insurance, crop, surety, or travel insurance.
Ins 26.04(2)(b)(b) Any nonresident applying for a nonresident license in the state of Wisconsin.
Ins 26.04(2)(c)(c) Any applicant who has completed a 2-year Wisconsin vocational school degree in insurance who submits evidence of attendance with the application.
Ins 26.04(2)(d)(d) Any applicant who has completed a 4-year college degree in business with an insurance emphasis who submits evidence of attendance with their application.
Ins 26.04(2)(e)(e) An applicant for a reinsurance intermediary-broker, reinsurance intermediary-manager or managing general agent limited-line license.
Ins 26.04(2)(f)(f) An applicant applying for an original resident license who held a license within the previous 12 months as a resident insurance agent in another state for each of the lines applied for in Wisconsin is exempt from prelicensing education and examination requirements. An application shall be filed in a manner prescribed by the commissioner using the NAIC Uniform Application. A completed application shall include: the NAIC Uniform Application; payment of any fees; and any documentation required in answer to questions on the application. If confirmation of the previous home state, as defined by s. Ins 28.03 (3m), license status is not attainable from the National Insurance Producer Registry, evidence of licensing from the previous home state is required.
Ins 26.04(2)(g)(g) An applicant applying for an original resident license for the Life line of authority who provides satisfactory evidence of currently holding any of the following professional designations or successor designations: Certified Employee Benefit Specialist (CEBS), Chartered Financial Consultant (ChFC), Certified Insurance Counselor (CIC), Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), Fellow of the Life Management Institute (FLMI), or Life Underwriter Training Council Fellow (LUTCF).
Ins 26.04(2)(h)(h) An applicant applying for an original resident license for the Accident & Health line of authority who provides satisfactory evidence of currently holding any of the following professional designations or successor designations: Registered Health Underwriter (RHU), Certified Employee Benefit Specialist (CEBS), Registered Employee Benefits Counselor (REBC), or Health Insurance Associate (HIA).
Ins 26.04(2)(i)(i) An applicant applying for an original resident license for the Property, Casualty, or Personal Lines P&C lines of authority who provides satisfactory evidence of currently holding any of the following professional designations or successor designations: Accredited Advisor in Insurance (AAI), Associate in Risk Management (ARM), Certified Insurance Counselor (CIC), or Chartered Property and Casualty Underwriter (CPCU).
Ins 26.04(3)(3)If an applicant is exempt under sub. (2), the applicant shall submit an exemption request with all supporting documentation in a manner prescribed by the commissioner.
Ins 26.04 HistoryHistory: Cr. Register, June, 1992, No. 438, eff. 7-1-92; emerg. cr. (2) (e), eff. 3-12-93; cr. (2) (e), Register, July, 1993, No. 451, eff. 8-1-93; am. (1), cr. (2) (f), Register, January, 1999, No. 517, eff. 2-1-99; emerg. am. (1), (2) (a) and (f) and (3), eff. 11-9-01; CR 01-074: am. (1), (2) (a) and (f); Register January 2002 No. 553, eff. 2-1-02; CR 05-111: am. (2) (f) and (3), cr. (2) (g) to (i) Register October 2006 No. 610, eff. 11-1-06; CR 07-096: am. (2) (a) Register March 2008 No. 627, eff. 4-1-08; CR 09-022: am. (2) (a) and (f) Register August 2009 No. 644, eff. 9-1-09; CR 19-025: am. (2) (f), (3) Register August 2020 No. 776, eff. 9-1-20; republished to correct an error in transcription in (2) (f), (i) Register December 2023 No. 816.
Ins 26.05Ins 26.05Requirements for approval of certification of attendance at credit courses.
Ins 26.05(1)(1)Approval of credit courses. An accredited institution of higher education seeking initial approval or reapproval of individual credit courses shall submit its application for course approval in a manner prescribed by the commissioner. The commissioner may require the following information and materials:
Ins 26.05(1)(a)(a) The name of the department in the school which is offering the courses;
Ins 26.05(1)(b)(b) The method of instruction for each course;
Ins 26.05(1)(c)(c) The course numbers and titles;
Ins 26.05(1)(d)(d) Detailed outlines of each course with specific allocations of class room hours to each topic showing the minimum time allocated to the topics as described in appendices 1 through 4;
Ins 26.05(1)(e)(e) A current school course catalogue;
Ins 26.05(1)(f)(f) Evidence of prior approval or exemption by the Wisconsin educational approval board, if required by s. 440.52, Stats.; and
Ins 26.05(1)(g)(g) Other information as specified by the commissioner.
Ins 26.05(2)(2)Application approval and expiration of approval. Upon receipt of an application for approval of a credit program, the commissioner shall determine if the application meets the requirements and if the program provides for instruction of appendices 1 to 4 in a manner required by this rule. The commissioner shall issue his or her decision on approval of an application no later than 60 days following the receipt of the completed application and all information required.
Ins 26.05(2g)(2g)Provider approval fees. The initial application fee to be paid by each licensed provider will be set through a competitive bid process not to exceed limits identified in s. 601.31 (1) (x) 1., Stats. The biennial regulation fee paid by each licensed provider will be set through a competitive bid process not to exceed limits identified in s. 601.31 (1) (x) 2., Stats. Wisconsin governmental bodies, such as universities and technical colleges, shall be exempt from these fees.
Ins 26.05(2r)(2r)Course approval fees.