Wisconsin § 126.12 Grain dealers; insurance.

Wisconsin Statutes

§ 126.12 — Grain dealers; insurance.

Wisconsin § 126.12

Ch. 126Agricultural producer security

Subch.subch. III of ch. 126 SUBCHAPTER III

GRAIN DEALERS

This text of Wisconsin § 126.12 (Grain dealers; insurance.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 126.12 (2026).

Text

126.12 126.12(1) (1) Fire and extended coverage insurance. A grain dealer licensed, or required to be licensed, under s. 126.11 shall maintain fire and extended coverage insurance, issued by an insurance company authorized to do business in this state, that covers all grain in the custody of the grain dealer, whether owned by the grain dealer or held for others, at the full local market value of the grain. 126.12(2) (2) Insurance cancellation; replacement. Whenever an insurance policy under sub.

(1)is canceled, the grain dealer shall replace the policy so that there is no lapse in coverage. 126.12(3) (3) Insurance coverage; misrepresentation. No grain dealer may misrepresent any of the following to the department or to any grain producer or producer agent: 126.12(3)(a) (a) That the grain

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126.12
126.12(1) (1) Fire and extended coverage insurance. A grain dealer licensed, or required to be licensed, under s. 126.11 shall maintain fire and extended coverage insurance, issued by an insurance company authorized to do business in this state, that covers all grain in the custody of the grain dealer, whether owned by the grain dealer or held for others, at the full local market value of the grain.
126.12(2) (2) Insurance cancellation; replacement. Whenever an insurance policy under sub. (1) is canceled, the grain dealer shall replace the policy so that there is no lapse in coverage.
126.12(3) (3) Insurance coverage; misrepresentation. No grain dealer may misrepresent any of the following to the department or to any grain producer or producer agent:
126.12(3)(a) (a) That the grain dealer is insured.
126.12(3)(b) (b) The nature, coverage, or material terms of the grain dealer’s insurance policy.