Current through August 26, 2024
(1) Purpose. This section is intended to
implement and interpret s.
619.01,
Stats., for the purpose of establishing procedures and requirements for a
mandatory risk sharing facility for basic property insurance coverage. This
section is also intended to encourage improvement of and reasonable loss
prevention measures for properties located in Wisconsin and to further orderly
community development.
(2) Scope.
This section shall apply to all insurers included in sub. (3) (d) except those
organized under ch. 612, Stats., assessment mutual insurance companies and
insurers who write reinsurance only.
(3) Definitions.
(a) "Basic property insurance" means the
insurance coverages described in subds. 1. and 3. against direct loss to real
and tangible property at a fixed location. The Plan may use customary policy
forms and endorsements to effect coverage contemplated by this paragraph. Other
coverage may be added to the Plan by endorsement or policy provision upon
approval by the commissioner.
1. Coverage
provided in the customary fire policy and in the customary extended coverage as
authorized by s.
Ins 6.75(2)
(a).
3. Coverage at least equivalent to that
provided in a modified coverage form homeowners policy.
(b) "Farm risks" means all buildings and
their contents whether occupied by the owner or by an employee or by a tenant,
located on or used in connection with land devoted to any one or more of the
following purposes and where gross annual receipts from those purposes are in
excess of $5,000:
1. Cultivation of the
soil
2. Rearing or keeping of
livestock or poultry
3. Producing
fruit, grain, vegetables, hay or other produce
(c) "Habitational risks" means:
1. Dwellings, permanent or seasonal, designed
for occupancy by not more than 4 families or containing not more than 4
apartments.
4. Private outbuildings
used in connection with any of the foregoing.
5. Trailer homes at a fixed
location.
6. Household and personal
property in risks described in subds. 1 through 5.
7. Tenants' contents in apartment
houses.
(d) "Insurer"
means any insurance company authorized to transact in this state on a direct
basis basic property insurance, including the property insurance components of
multi-peril policies.
(e)
"Location" means a single building and its contents or contiguous buildings and
their contents under one ownership.
(f) "Manufacturing risks" means those risks
eligible to be written under the customary manufacturing business interruption
policy forms approved by the commissioner. The following are not considered
manufacturing risks:
1. Dry cleaning and
laundering-Carpet, rug, furniture, or upholstery cleaning; diaper service or
infants' apparel laundries; dry cleaning; laundries; linen supply.
2. Installation, servicing and
repair-Electrical equipment; electronic equipment; glazing; household
furnishings and appliances; office machines; plumbing, heating and air
conditioning; protective systems for premises, vaults and safes.
3. Laboratories-Blood banks; dental
laboratories; medical or x-ray laboratories. -
4. Duplicating and similar services-Blue
printing and photocopying services; bookbinding; electrotyping; engraving;
letter service (mailing or addressing companies); linotype or hand composition;
lithographing; photo engraving; photo finishing; photographers
(commercial).
5. Warehousing-Cold
storage (locker establishments); warehouse, cold storage; warehouse, furniture
or general merchandise.
6.
Miscellaneous-Barber shops; beauty parlors; cemeteries; dog kennels;
electroplating; equipment rental (not contractors' equipment); film and tape
rental; funeral directors; galvanizing, tinning, and detinning; radio
broadcasting, commercial wireless and television broadcasting; taxidermists;
telephone or telegraph companies; textiles (bleaching, dyeing, mercerizing or
finishing of property of others); veterinarians and veterinary
hospitals.
(g) "Motor
vehicles" means vehicles which are self-propelled.
(h) "Weighted premiums written" means:
1. Gross direct premiums less return
premiums, dividends paid or credited to policyholders, or the unused or
unabsorbed portions of premium deposits, with respect to property in this state
excluding premiums on risks insured under the Plan, for basic property
insurance, for homeowners multiple peril policies, and for the basic property
insurance premium components of all other multiple peril policies.
2. In addition, 100% of the premiums obtained
for homeowners multiple peril policies shall be added to 100% of the premiums
obtained for basic property insurance and the basic property insurance premium
components of all other multiple peril policies. The basic year for the
computation shall be the second preceding calendar year.
(i) "The Wisconsin Insurance Plan," in this
section referred to as the Plan, means the nonprofit, unincorporated mandatory
risk-sharing facility established by this section to provide for basic property
insurance and to assist applicants in securing basic property
insurance.
(4) Eligible
risks.
(a) All risks at a fixed location
shall be eligible for inspection and considered for insurance under the Plan
except motor vehicles, farm risks, and manufacturing risks as defined in sub.
(3) (b), (f), and (g).
(b) The
maximum limits of coverage for the type of basic property insurance defined in
sub. (3) (a) 1. which may be placed under the Plan are $350,000 on the dwelling
and $175,000 on personal property for any habitational risk at one location and
$500,000 on any other eligible risk.
(d) The maximum limits of coverage for the
type of basic property insurance defined in sub. (3) (a) 3. which may be placed
under the Plan are $350,000 on the dwelling with the customary percentage
limits for other structures, personal property and loss of use and $100,000 on
personal liability and $1,000 medical payments to others for any risk at one
location.
(5) Membership.
(a) Every insurer, as defined in sub. (3)
(d), licensed to write one or more components of basic property insurance, as
defined in sub. (3) (a), shall be considered a member of the Plan. Any other
insurer may, upon application to and approval by the governing committee,
become a member.
(b) An insurer's
membership terminates when the insurer is no longer authorized to write basic
property insurance in Wisconsin, but the effective date of termination shall be
the last day of the fiscal year of the Plan in which termination occurs. Any
insurer so terminated shall continue to be governed by the provisions of this
section until it completes all of its obligations under the Plan.
(c) Any voluntary insurer member may
terminate its membership only as of the last day of the fiscal year of the Plan
by giving written notice to the Plan 30 days prior to the last day of the
fiscal year of the Plan. The governing committee upon a majority vote may
terminate the membership of a voluntary insurer. Any such terminated member
shall continue to be governed by the provisions of this section until it
completes all of its obligations under the Plan.
(d) Subject to the approval of the
commissioner, the governing committee may charge a reasonable annual membership
fee.
(6) Administration.
(a) The Plan shall be administered by the
governing committee, subject to the supervision of the commissioner, and
operated by a manager appointed by the governing committee.
(b) The governing committee shall consist of
11 members, each of whom shall serve for a period of one year or until a
successor is elected or designated. Each shall have one vote.
1. Four members shall be nominated by
national and state associations that represent property and casualty insurers.
If more than four members are nominated, the commissioner shall designate the
four members from the list of nominations.
2. All other insurers not members of the
associations in subd. 1 shall elect one member by weighted votes based on each
insurer's weighted premiums written.
3. The commissioner shall appoint members to
represent:
stock agents-one member
mutual agents-one member
consumers and other persons not affiliated in any way with
the
insurance industry-4 members
4. Not more than one insurer in a group under
the same management or ownership shall serve on the governing committee at the
same time. Nominees for individuals to serve as consumer members and as
representatives of other persons not affiliated in any way with the insurance
industry shall be sought from community groups, local agencies, and from other
members of the governing committee.
(7) Duties of the governing committee.
(a) The governing committee shall meet as
often as may be required to perform the general duties of the administration of
the Plan or on the call of the commissioner. Six members of the committee
present or by proxy shall constitute a quorum. Members of the committee who
choose to appoint a proxy shall give a written proxy to the person elected to
act as proxy. The written proxy shall then be filed with the governing
committee, thus ensuring the validity of the proxy's actions as the governing
committee performs its duties.
(b)
The governing committee shall be empowered to appoint a manager, who shall
serve at the pleasure of the committee, to budget expenses, levy assessments,
disburse funds, and perform all other duties of the Plan. The adoption of or
substantive changes in pension plans or employee benefit programs for the
manager and staff shall be subject to approval of the governing
committee.
(c) The governing
committee may designate, with the approval of the commissioner, a rate service
organization as defined in s.
625.02(2),
Stats., to make inspections as required under the Plan and to perform such
other duties as may be authorized by the governing committee.
(d) The manager shall annually prepare an
operating budget which shall be subject to approval of the governing
committee.
(e) The governing
committee shall submit to the commissioner periodic reports setting forth
information as the commissioner may request.
(f) The governing committee shall separately
code all policies written by the Plan so that appropriate records may be
compiled for purposes of performing loss prevention and other studies of the
operation of the Plan.
(g) The
governing committee shall authorize the manager to file rates, surcharge
schedules and forms for prior approval by the commissioner.
(h) The governing committee shall prepare
such agreements and contracts as may be necessary for the execution of this
section consistent with its provisions.
(8) Annual and special meetings.
(a) There shall be an annual meeting of the
insurers on a date fixed by the governing committee at which time members may
be chosen under sub. (6) (b) 1., 2. and 4.
(b) A special meeting shall be called within
40 days by the governing committee after receipt of a written request from any
10 insurers, not more than one of which may be in a group under the same
management or ownership.
(c) The
time and place of all meetings shall be reasonable. Twenty days' notice of an
annual or special meeting shall be given in writing by the governing committee
to all insurers as defined by sub. (3) (d). Six members present in person or by
proxy shall constitute a quorum. Voting by proxy shall be permitted.
(d) Any matter not inconsistent with the law
or this section may be proposed and voted upon at any special meeting of the
committee. Notice of any such proposal shall be mailed to each insurer not less
than 20 days prior to the final date fixed by the committee for voting
thereon.
(9) Application
for insurance.
(a) Any person having an
insurable interest in an eligible risk under sub. (4) (a), and who has received
within the last 6 months a notice of rejection or cancellation from an insurer,
may apply for insurance by the Plan. The notice of rejection or cancellation
shall accompany the application.
(b) An inspection need not be made if the
governing committee determines that insurance can be provided for specified
classes of risks on the basis of representations of the applicant or the
insurance agent.
(c) The Plan may
bind coverage. The Plan may wait until receipt of the inspection report or
receipt of additional underwriting information before determining whether to
bind coverage.
(10)
Inspection procedure.
(a) The inspection by
the Plan shall be without cost for the applicant.
(b) The manner and scope of the inspection
shall be prescribed by the Plan with the approval of the
commissioner.
(c) An inspection
report shall be made for each property inspected covering pertinent structural
and occupancy features as well as the general condition of the building and
surrounding structures. Representative photographs may be taken during the
inspection to indicate the pertinent features of building, construction,
maintenance, occupancy, and surrounding property.
(e) After the inspection, a copy of the
completed inspection report and any relevant photographs shall be kept on file
by the Plan. The report shall include a description of any deficient physical
condition charges proposed by the inspector. A copy of the inspection report
shall be made available to the applicant or agent upon request.
(11) Procedure after inspection
and receipt of application.
(a) After receipt
of the application, the inspection report, and any additional underwriting
information requested from the applicant, and the application, the Plan shall
within 5 business days complete and send to the applicant an action report
advising him or her of one of the following:
1. That the risk is acceptable. If the
inspection reveals substandard conditions, appropriate charges may be imposed
but the report shall specify the improvements necessary for removal of each
such charge.
2. That the risk is
declined unless reasonable improvements noted in the action report are made by
the applicant and confirmed by reinspection.
3. That the risk is declined because it fails
to meet reasonable underwriting standards as set forth in sub. (12) or (13).
Reasonable underwriting standards as set forth in sub. (12) or (13) shall not
include neighborhood or area location or any environment hazard beyond the
control of the property owner.
(b) If the risk is accepted, the action
report shall advise the applicant of:
1. The
amount of coverage the Plan agrees to write.
2. The amount of coverage the Plan agrees to
write, if specified improvements are made.
3. The amount of coverage the Plan agrees to
write only if a large or special deductible is agreed to by the
applicant.
(c) If the
risk is accepted, the Plan, upon receipt of the premium, shall deliver the
policy to the applicant or to the licensed agent designated by the applicant
for delivery to the applicant. The Plan shall remit the commissions to the
licensed agent designated by the applicant. If no licensed agent is so
designated, the policy shall be delivered to the applicant and the commission
shall be retained by the Plan.
(d)
If the risk is conditionally declined under par. (a) 2. but can be improved to
meet reasonable standards the Plan shall promptly advise the applicant what
improvements noted in the action report should be made to the property. Upon
completion of the improvements by the applicant or property owner, the Plan
when so notified, shall have the property promptly reinspected under sub. (10)
and shall send a new action report to the applicant.
(e) If a risk is declined under par. (a) 3.,
the Plan shall promptly send copies of the inspection and action reports to the
applicant and shall advise the applicant of the right to a hearing set forth in
sub. (16) (a).
(12)
Reasonable underwriting standards for property coverage. The following
characteristics may be used in determining whether a risk is acceptable for
property coverage. Where there is more than one cause for declination, all
shall be listed and complied with before the property may be accepted for
insurance purposes.
(a) Physical condition of
property; however, the mere fact that a property does not satisfy all current
building code specifications will not, of itself, suffice as a reason for
declination.
(b) The property's
present use such as extended vacancy or extended unoccupancy of the property
for 60 consecutive days. Properties that are vacant or unoccupied for more than
60 days may be insured while rehabilitation or reconstruction work is actively
in process meaning that the insured or owner should make monthly progress in
order to complete the rehabilitation or reconstruction within a one year time
frame.
(c) Other specific
characteristics of ownership, condition, occupancy or maintenance, that violate
the law and that result in substantial increased exposure to a loss. Any
circumstance considered under this paragraph must relate to the peril insured
against.
(d) Characteristics of
ownership or maintenance of building including any 2 of the following
conditions:
1. Failure to pay real estate
taxes on the property after the taxes have been delinquent for one year or
more. Real estate taxes shall not be deemed to be delinquent for this purpose
even if they are due and constitute a lien so long as a grace period remains
under local law during which such taxes may be paid without penalty.
2. Failure, within the insured's control, to
furnish water for 30 consecutive days or more.
3. Failure, within the insured's control, to
furnish heat for 30 consecutive days or more during the heating
season.
4. Failure, within the
insured's control, to furnish public lighting for 30 consecutive days or
more.
(e) Physical
condition of buildings which results in an outstanding order to vacate, an
outstanding demolition order or in being declared unsafe in accordance with the
applicable law.
(f) One or more of
the conditions for nonrenewal as listed in sub. (14) currently exist. The Plan
shall, upon notice that conditions at the buildings have changed, consider new
application for coverage.
(g)
Vandalism and malicious mischief coverage shall not be provided for a dwelling
or commercial property where the property has been subject to 2 vandalism and
malicious mischief losses, each loss amounting to at least $500.00 in the
immediately preceding 12-month period or 3 or more such losses in the
immediately preceding 24-month period.
(h) Previous loss history or matters of
public record concerning the applicant or any person defined as an insured
under the policy.
(i) Any other
guidelines which have been approved by the commissioner.
(13) Reasonable underwriting standards for
liability coverage. The following characteristics may be used in determining
whether a risk is acceptable for liability insurance on homeowner policies:
(a) Liability insurance shall only be
provided as contained in the Wisconsin Insurance Plan homeowners
policy.
(c) Liability insurance
shall not be provided for risks with any of the following deficiencies, as
disclosed by the application or inspection, until they have been corrected.
1. Broken, cracked, uneven or otherwise
faulty steps, porches, decks, sidewalks, patios and similar areas.
2. Downspouts or drains which discharge onto
sidewalks or driveways.
3. Unsafe
conditions including inadequate lighting of stairways.
4. Animals known to be vicious or animals
which have caused a liability claim.
5. Swimming pools or private ponds not fenced
in accordance with local regulations.
6. Unsafe, or the absence of,
handrails.
7. Junk cars, empty
refrigerators or other potentially dangerous objects in the yard which are an
attraction to children.
(d) Previous loss history or matters of
public record concerning the applicant or any person defined as an insured
under the policy.
(e) Any other
guidelines which have been approved by the commissioner.
(f) Liability insurance may not be provided
where there is a business operating at the insured location, unless the
applicant has in force a business liability policy with limits of at least
$100,000 per occurrence providing premises liability coverage.
(g) Liability insurance shall not be provided
where the applicant owns three or more horses or other riding animals, unless
the applicant has in force a liability policy with limits of at least $100,000
per occurrence providing coverage for the ownership and use of these horses or
these other riding animals.
(14) Cancellation; nonrenewal and
limitations; review of eligibility.
(a) The
Plan shall not cancel or refuse to renew a policy issued by the Plan except for
the following:
1. Facts as confirmed by
inspection or investigation which would have been grounds for nonacceptance of
the risk by the Plan had they been known to the Plan at the time of
acceptance.
2. Changes in the
physical condition of the property or other changed conditions as confirmed by
inspection or investigation that make the risk uninsurable under sub. (12) or
(13).
3. Nonpayment of
premiums.
4. At least 65% of the
rental units in the building are unoccupied, and the insured has not received
prior approval from the Plan of a rehabilitation program which necessitates a
high degree of unoccupancy.
5.
Unrepaired damage exists and the insured has stated that repairs will not be
made or such time has elapsed as clearly indicates that the damage will not be
repaired. The elapsed time under this subdivision is a length of time over 60
days where the damage remains unrepaired, unless there are known to be
extenuating circumstances.
6. After
a loss, permanent repairs following payment of the claim have not been
commenced within 60 days, unless there are known to be extenuating
circumstances. The 60-day period starts upon acceptance of payment of the
claim.
7. Property has been
abandoned for 90 days or more.
8.
Utilities such as electric, gas or water services have been disconnected or the
insured has failed to pay an account for such services within 120
days;
9. Real estate taxes have not
been paid for a 2-year period after the taxes have become delinquent. Real
estate taxes shall not be deemed to be delinquent for this purpose if they are
due and constitute a lien, so long as a grace period remains under local law
under which taxes may be paid without penalty.
10. There is good cause to believe based on
reliable information that the building will be burned for the purpose of
collecting the insurance on the property. The removal of damaged salvageable
items, such as normally permanent fixtures, from the building shall be
considered under this item when the insured can give no reasonable explanation
of such removal.
11. A named
insured or loss payee or other person having a financial interest in the
property being convicted of the crime of arson or a crime involving a purpose
to defraud an insurance company. The fact that an appeal has been entered shall
not negate the use of this subdivision.
12. The property has been subject to more
than 2 losses, each loss amounting to at least $500 or 1% of the insurance in
force, whichever is greater, in the immediately preceding 12-month period, or
more than 3 such losses in the immediately preceding 24-month period, provided
that the cause of such losses is due to the conditions which are the
responsibility of the owner named insured or due to the actions of any person
defined as an insured under the policy.
13. Theft frequency in which there have been
more than 2 thefts, each loss amounting to at least $500 in a 12-month
period.
14. Material
misrepresentation in any statement to the Plan.
15. On homeowners policies, excessive theft
or liability losses. If on a given property there have been 2 or more losses
within a 2-year period or 3 or more losses within a 5-year period, with theft
and liability evaluated separately, the Plan may convert the homeowners policy
to a dwelling policy.
16. On
homeowner policies, excessive vandalism and malicious mischief losses. In the
event that a given property has been subject to 2 vandalism and malicious
mischief losses, each loss amounting to at least $500.00, in the immediately
preceding 12-month period or 3 or more such losses in the immediately preceding
24-month period, the Plan may convert the homeowners policy to a dwelling
policy without vandalism and malicious mischief coverage.
(d) The Plan shall terminate all insurance
contracts in accordance with s.
631.36,
Stats.
(e) At the completion of 36
months of coverage and prior to 48 months, each risk shall be reviewed for its
eligibility for coverage in the voluntary market. The risk shall be submitted
by the Plan to the agent of record, if any, for a search of the voluntary
market. If the agent resubmits the risk to the Plan, it must be resubmitted by
a new application and accompanied by a current rejection notice. The Plan shall
reinspect the risk before coverage is provided.
(15) Assessments.
(a) Participation and assessments by and upon
each insurer in the Plan for losses and expenses in connection with Plan
business shall be levied and assessed by the governing committee of the Plan on
the basis of participation factors determined annually, giving effect to the
proportion which such insurer's weighted premiums written bears to the
aggregate weighted premiums written by all insurers in the Plan.
(b) If any member fails to pay an assessment
within 30 days after it is due, the unpaid assessment may be collected from the
remaining members.
(16)
Right to hearing.
(a) Each notice by the plan
to an insured or applicant of cancellation, nonrenewal, reduction in coverage
or declination shall include notice of the right to a hearing under ch. Ins 5,
if the person files a petition for a hearing with the commissioner of insurance
not later than 30 days after the notice is mailed. The notice shall describe
the requirements of s.
Ins 5.11(1).
(b) The office of the commissioner of
insurance shall hold a hearing within 30 days after receipt of a complete
petition under par. (a). except under either of the following circumstances:
1. The issue is the plan's intent to cancel,
nonrenew or reduce the petitioner's coverage, and the plan waives the right to
a hearing within 30 days.
2. The
issue is the plan's declination of the petitioner's application for coverage
and the petitioner waives the right to a hearing within 30 days.
(c) At the hearing the petitioner
has the burden of proving by a preponderance of the evidence that the plan's
decision is erroneous under this chapter or the policy terms.
(d) Filing a petition under par. (a) stays
the action of the plan with respect to cancellation, nonrenewal or reduction in
coverage. The petitioner's coverage shall remain in effect during the pendency
of the proceedings as long as the petitioner continues to pay the plan premium.
(e) The plan shall comply with the
final decision and order in the contested case proceeding. A final decision and
order affirming the plan's decision to cancel, nonrenew or reduce the
petitioner's coverage shall take effect 30 days after the date of the final
decision and order. Upon receipt of the final decision and order, the plan
shall notify the petitioner of the action it intends to take to implement the
order.
Note: A petition under sub. (16) shall be filed as
provided in s.
Ins 5.17.
(17) Commission.
(a) Commission to the licensed agent
designated by the applicant shall be 10% of all policy premiums. The Plan shall
not license agents.
(b) In the
event of cancellation of a policy, or if an endorsement is issued which
requires the premium to be returned to the insured, the agent shall refund
ratably to the Plan commissions on the return premium at the same rate at which
such commissions were originally paid.
(18) Public education. In cooperation with
the insurance commissioner, the Plan shall undertake a continuing education
program with insurers, agents and consumers about the Plan's insurance program
and its availability. All insurers and agents shall cooperate fully in the
continuing education program.
(19)
Cooperation and authority of agents.
(a) Each
insurer shall require its licensed agents to cooperate fully in the
accomplishment of the intents and purposes of the plan.
(b) Licensed insurance agents may not act as
agents for the Plan.
(c) Licensed
insurance agents may not do any of the following:
1. Bind coverage for the Plan.
2. Alter or change policies issued by the
Plan.
3. Settle losses of the
Plan.
4. Act on behalf of the Plan
or commit the Plan to any course of action.
(d) Insurance agents shall assist applicants
who need to apply for coverage under the plan and shall submit applications
that meet the requirements of sub. (9). Agents shall follow the rules and
procedures of the Plan.
(20) Review by commissioner. The governing
committee shall report to the commissioner the name of any insurer or agent
which fails to comply with the provisions of the Plan or with any rules
prescribed thereunder by the governing committee or to pay within 30 days any
assessment levied.
(21)
Indemnification. Each person serving on the governing committee or any of its
subcommittees, each member of the Plan, and the manager and each officer and
employee of the Plan shall be indemnified by the Plan against all cost,
settlement, judgment, and expense actually and necessarily incurred by that
person in connection with the defense of any action, suit, or proceeding in
which that person is made a party by reason of that person being or having been
a member of the governing committee, or a member or manager or officer or
employee of the Plan except in relation to matters as to which that person has
been judged in an action, suit, or proceeding to be liable by reason of willful
misconduct in the performance of that person's duties as a member of the
governing committee, as a member, manager, officer or employee of the Plan.
This indemnification shall not apply to any loss, cost or expense on insurance
policy claims under the Plan. Indemnification under this section shall not be
exclusive of other rights to which the member, manager, officer, or employee
may be entitled as a matter of law.
(22) Effective date. This rule shall take
effect as provided by s.
227.22,
Stats., on the first day of the month following its publication in the
register.