The following topics provide general information about the Wisconsin Insurance Plan. You can scroll down the page to read each one or you can click and go directly to the topic.
Wisconsin Insurance Plan
600 West Virginia Street, Suite 101
(The intersection of 6th Street and Virginia Street in the Tannery Business Center)
Milwaukee, Wisconsin 53204-1552
Hours: 8:00am - 4:00pm, Monday through Friday
Close at 1:00pm Fridays, April through October
This section of the code sets forth the rules and procedures of the Plan. Here you will find our purpose, definitions, eligible properties, application procedure, underwriting standards, the customer's right to hearing, and information on commissions and the authority of "insurance agents". To visit Ins 4.10, click here (link requires Adobe Acrobat Reader).
The Plan operates like a small insurance company. We underwrite applications, survey properties, issue policies, pay commissions, and adjust claims. Independent service providers are used for all claim handling and for surveys outside of the southeastern area of the state.
Plan employees are not employees of the Office of the Commissioner of Insurance or the State of Wisconsin.
The Plan is overseen by a Governing Committee subject to the supervision of the Commissioner of Insurance. The Governing Committee consists of 8 insurer representatives as well as 2 insurance agents and 5 public members appointed by the Commissioner of Insurance.
The Plan has no sales agents. We use the term producer to refer to the "insurance agent" or licensed intermediary who assists applicants in applying to the Plan. Producers are not representatives or agents of the Plan. You are not an agent of the Plan.
Commissions are 10% of the policy premium. They are paid the month after the policy is issued. For example, if a policy was issued in January, the commission for that policy will be paid in February. Commission checks are mailed early in the month.
If the Plan pays a return premium to the customer, the commission previously paid to the producer on that return premium must be returned to the Plan. The commission statement will indicate a payment is due to the Plan. Failure to remit return commissions may result in a complaint to the Office of the Commissioner of Insurance.
Although reasonable efforts have been made to ensure that electronic information on the Wisconsin Insurance Plan web site is complete, accurate, and timely, we do not represent that the information is complete, accurate, and timely in all instances. All information is subject to change on a regular basis, without notice.
You have visited http://www.wisinsplan.com
Most recent update: 9/10/2010
For more information, contact firstname.lastname@example.org
© 2000 Wisconsin Insurance Plan