Wisconsin § 424.502 Insurance commissions; limitations.

Wisconsin Statutes

§ 424.502 — Insurance commissions; limitations.

Wisconsin § 424.502

Ch. 424Consumer transactions — insurance

Subch.subch. V of ch. 424 SUBCHAPTER V

INSURANCE PRACTICES

This text of Wisconsin § 424.502 (Insurance commissions; limitations.) 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. § 424.502 (2026).

Text

424.502  A creditor or insurer may not pay to an employee of the creditor who participates in the processing of consumer credit transactions any commission or bonus that exceeds an amount equal to 25 percent of the employee’s annual earnings for the sale of insurance in connection with those consumer credit transactions. Insurance does not include a warranty plan for which the commissioner of insurance has issued a limited certificate of authority pursuant to rule promulgated under s. 600.01 (1) (b) 5.

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424.502 A creditor or insurer may not pay to an employee of the creditor who participates in the processing of consumer credit transactions any commission or bonus that exceeds an amount equal to 25 percent of the employee’s annual earnings for the sale of insurance in connection with those consumer credit transactions. Insurance does not include a warranty plan for which the commissioner of insurance has issued a limited certificate of authority pursuant to rule promulgated under s. 600.01 (1) (b) 5.