Wisconsin Administrative Code
Office of the Commissioner of Insurance
Chapter Ins 50 - Annual Audited Financial Reports, Annual Financial Statements And Examinations
Subchapter II - Annual Financial Statements
Section Ins 50.20 - Insurers to file annual financial statements
Universal Citation: WI Admin Code ยง Ins 50.20
Current through August 26, 2024
(1) An insurer shall file an annual financial statement with the commissioner. Except as otherwise required by law, rule, order or instruction of the commissioner, an insurer shall file the annual financial statement:
(a) On the national association of insurance
commissioners annual statement blank appropriate for the lines of business the
insurer is authorized to write, except an insurer licensed under ch. 612,
Stats., may file on the town mutual annual statement blank prescribed by the
commissioner; and
(b) Prepared in
accordance with the national association of insurance commissioners annual
statement instructions and the accounting practices or procedures prescribed or
permitted by the applicable national association of insurance commissioners
accounting practices and procedures manual except an insurer licensed under ch.
612, Stats., shall prepare the statement as prescribed by the
commissioner.
(2) Insurers shall file the annual statement required under sub. (1) by March 1, except insurers organized under ch. 612, Stats., shall file by February 15 and the commissioner may prescribe a different date for individual insurers.
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