§ 601.415 — Miscellaneous duties.

Wisconsin § 601.415

• Jurisdiction: Wisconsin
• Ch. 601: Insurance — administration
• Subch.: subch. IV of ch. 601 SUBCHAPTER IV

Text

601.415 The duties listed in this section are in addition to other duties imposed under chs. 600 to 655 . Failure to list a specified power, duty or function of the commissioner in this section does not affect the validity of the power, duty or function.
601.415(1) (1) Joint survey committee on retirement systems. The commissioner or an experienced actuary in the office designated by the commissioner shall serve as a member of the joint survey committee on retirement systems under s. 13.50 .
601.415(2) (2) Group insurance board. The commissioner shall serve as a member of the group insurance board under s. 15.165 (2) .
601.415(3) (3) Wisconsin retirement board. The commissioner or the deputy commissioner, chief legal counsel, or chief financial regulator in the office designated by the commissioner shall serve as a member of the Wisconsin retirement board under s. 15.165 (3) (b) .
601.415(5) (5) Cooperation with department of administration. The commissioner shall cooperate with the department of administration in placing insurance under s. 16.865 (4) .
601.415(7) (7) Determination of variable interest rate adjustments. The commissioner shall approve indexes for variable interest rate adjustments under s. 138.055 (4) (c) .
601.415(8) (8) Long-Term Care Partnership Program. The commissioner shall provide the certifications required under s. 49.45 (31) (b) 5. and shall cooperate with the department of health services in approving the training program under s. 49.45 (31) (c) for agents who sell long-term care insurance policies.
601.415(9) (9) Consumer credit law. The commissioner shall cooperate with the division of banking in the administration of ch. 424 , shall determine the method for computation of refunds under s. 424.205 , shall approve forms, schedules of premium rates and charges under s. 424.209 and shall issue rules or orders of compliance to insurers under s. 424.602 .
601.415(10) (10) Petroleum product storage remedial action program rules. The commissioner shall promulgate the rules required under s. 292.63 (1m) .
601.415(11) (11) Amendments to Own Risk and Solvency Assessment Guidance Manual. The commissioner shall, in his or her discretion, adopt amendments made after April 18, 2014, by the National Association of Insurance Commissioners to the guidance manual, as defined in s. 622.03 (1) . Any such amendments made by the National Association of Insurance Commissioners become effective in this state if adopted by the commissioner by order after giving 30 days’ notice to insurers of the changes proposed by the National Association of Insurance Commissioners. If one or more insurers request a hearing on the proposed changes during the 30-day period, the commissioner shall hold a hearing to determine whether the commissioner will, in his or her discretion, adopt one or more of the changes made by the National Association of Insurance Commissioners.
601.415(13) (13) Membership in the National Conference of Insurance Legislators. Annually, from the appropriation account under s. 20.145 (1) (g) , the commissioner shall credit to the appropriation account under s. 20.765 (3) (g) an amount sufficient for the payment of annual dues by the legislature for membership in the National Conference of Insurance Legislators.

Legislative History

601.415 History History: 1979 c. 102 ; 1981 c. 96 , 314 ; 1983 a. 358 s. 14 ; 1985 a. 256 ; 1987 a. 27 , 47 , 247 ; 1989 a. 31 ; 1989 a. 187 s. 29 ; 1991 a. 243 ; 1995 a. 27 , 462 ; 1997 a. 27 ; 2005 a. 74 , 316 ; 2007 a. 20 ss. 3652m , 9121 (6) (a) ; 2009 a. 342 ; 2013 a. 20 , 279 ; 2017 a. 59 ; 2023 a. 212 .