618.50 Reporting of illegal insurance. - Wisconsin Statutes

618.50

618.50 Reporting of illegal insurance.

618.50(1)

(1) Adjusters' duty to report. Every person investigating or adjusting any loss or claim on a subject of insurance in this state shall promptly report to the commissioner every insurance policy or contract connected with his or her investigation or settlement, of which he or she knows, which has been entered into illegally by any insurer not authorized to transact business in this state.

618.50(3)

(3) Exceptions. This section does not apply to transactions in this state involving a policy lawfully solicited, written, and delivered outside of this state covering only subjects of insurance not resident, located or expressly to be performed in this state at the time of issuance.

618.50 - ANNOT.

History: 1971 c. 260; 1979 c. 102; 1981 c. 38.