Ins 4.10(3)(f)5.5. Warehousing—Cold storage (locker establishments); warehouse, cold storage; warehouse, furniture or general merchandise. Ins 4.10(3)(f)6.6. Miscellaneous—Barber shops; beauty parlors; cemeteries; dog kennels; electroplating; equipment rental (not contractors’ equipment); film and tape rental; funeral directors; galvanizing, tinning, and detinning; radio broadcasting, commercial wireless and television broadcasting; taxidermists; telephone or telegraph companies; textiles (bleaching, dyeing, mercerizing or finishing of property of others); veterinarians and veterinary hospitals. Ins 4.10(3)(g)(g) “Motor vehicles” means vehicles which are self-propelled. Ins 4.10(3)(h)1.1. Gross direct premiums less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portions of premium deposits, with respect to property in this state excluding premiums on risks insured under the Plan, for basic property insurance, for homeowners multiple peril policies, and for the basic property insurance premium components of all other multiple peril policies. Ins 4.10(3)(h)2.2. In addition, 100% of the premiums obtained for homeowners multiple peril policies shall be added to 100% of the premiums obtained for basic property insurance and the basic property insurance premium components of all other multiple peril policies. The basic year for the computation shall be the second preceding calendar year. Ins 4.10(3)(i)(i) “The Wisconsin Insurance Plan,” in this section referred to as the Plan, means the nonprofit, unincorporated mandatory risk-sharing facility established by this section to provide for basic property insurance and to assist applicants in securing basic property insurance. Ins 4.10(4)(a)(a) All risks at a fixed location shall be eligible for inspection and considered for insurance under the Plan except motor vehicles, farm risks, and manufacturing risks as defined in sub. (3) (b), (f), and (g). Ins 4.10(4)(b)(b) The maximum limits of coverage for the type of basic property insurance defined in sub. (3) (a) 1. which may be placed under the Plan are $350,000 on the dwelling and $175,000 on personal property for any habitational risk at one location and $500,000 on any other eligible risk. Ins 4.10(4)(d)(d) The maximum limits of coverage for the type of basic property insurance defined in sub. (3) (a) 3. which may be placed under the Plan are $350,000 on the dwelling with the customary percentage limits for other structures, personal property and loss of use and $100,000 on personal liability and $1,000 medical payments to others for any risk at one location. Ins 4.10(5)(a)(a) Every insurer, as defined in sub. (3) (d), licensed to write one or more components of basic property insurance, as defined in sub. (3) (a), shall be considered a member of the Plan. Any other insurer may, upon application to and approval by the governing committee, become a member. Ins 4.10(5)(b)(b) An insurer’s membership terminates when the insurer is no longer authorized to write basic property insurance in Wisconsin, but the effective date of termination shall be the last day of the fiscal year of the Plan in which termination occurs. Any insurer so terminated shall continue to be governed by the provisions of this section until it completes all of its obligations under the Plan. Ins 4.10(5)(c)(c) Any voluntary insurer member may terminate its membership only as of the last day of the fiscal year of the Plan by giving written notice to the Plan 30 days prior to the last day of the fiscal year of the Plan. The governing committee upon a majority vote may terminate the membership of a voluntary insurer. Any such terminated member shall continue to be governed by the provisions of this section until it completes all of its obligations under the Plan. Ins 4.10(5)(d)(d) Subject to the approval of the commissioner, the governing committee may charge a reasonable annual membership fee. Ins 4.10(6)(a)(a) The Plan shall be administered by the governing committee, subject to the supervision of the commissioner, and operated by a manager appointed by the governing committee. Ins 4.10(6)(b)(b) The governing committee shall consist of 11 members, each of whom shall serve for a period of one year or until a successor is elected or designated. Each shall have one vote. Ins 4.10(6)(b)1.1. Four members shall be nominated by national and state associations that represent property and casualty insurers. If more than four members are nominated, the commissioner shall designate the four members from the list of nominations. Ins 4.10(6)(b)2.2. All other insurers not members of the associations in subd. 1 shall elect one member by weighted votes based on each insurer’s weighted premiums written. Ins 4.10(6)(b)3.3. The commissioner shall appoint members to represent:
stock agents—one member
mutual agents—one member
consumers and other persons not affiliated in any way with the insurance industry—4 members Ins 4.10(6)(b)4.4. Not more than one insurer in a group under the same management or ownership shall serve on the governing committee at the same time. Nominees for individuals to serve as consumer members and as representatives of other persons not affiliated in any way with the insurance industry shall be sought from community groups, local agencies, and from other members of the governing committee. Ins 4.10(7)(a)(a) The governing committee shall meet as often as may be required to perform the general duties of the administration of the Plan or on the call of the commissioner. Six members of the committee present or by proxy shall constitute a quorum. Members of the committee who choose to appoint a proxy shall give a written proxy to the person elected to act as proxy. The written proxy shall then be filed with the governing committee, thus ensuring the validity of the proxy’s actions as the governing committee performs its duties. Ins 4.10(7)(b)(b) The governing committee shall be empowered to appoint a manager, who shall serve at the pleasure of the committee, to budget expenses, levy assessments, disburse funds, and perform all other duties of the Plan. The adoption of or substantive changes in pension plans or employee benefit programs for the manager and staff shall be subject to approval of the governing committee. Ins 4.10(7)(c)(c) The governing committee may designate, with the approval of the commissioner, a rate service organization as defined in s. 625.02 (2), Stats., to make inspections as required under the Plan and to perform such other duties as may be authorized by the governing committee. Ins 4.10(7)(d)(d) The manager shall annually prepare an operating budget which shall be subject to approval of the governing committee. Ins 4.10(7)(e)(e) The governing committee shall submit to the commissioner periodic reports setting forth information as the commissioner may request.