Wisconsin § 628.39 Extension of credit on premiums.

Wisconsin Statutes

§ 628.39 — Extension of credit on premiums.

Wisconsin § 628.39

Ch. 628Insurance marketing

Subch.subch. III of ch. 628 SUBCHAPTER III

MARKETING PRACTICES

This text of Wisconsin § 628.39 (Extension of credit on premiums.) 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. § 628.39 (2026).

Text

628.39  The extension of credit to the insured upon a premium without interest for not exceeding 60 days from the effective date of the policy, or after that time with interest at not less than the legal rate nor more than 18 percent per year on the unpaid balance, is permissible. The payment of premiums on policies issued under a mass marketing program on an installment basis through payroll deductions is not an extension of credit.

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628.39 The extension of credit to the insured upon a premium without interest for not exceeding 60 days from the effective date of the policy, or after that time with interest at not less than the legal rate nor more than 18 percent per year on the unpaid balance, is permissible. The payment of premiums on policies issued under a mass marketing program on an installment basis through payroll deductions is not an extension of credit.