126.12 Grain dealers; insurance.
(1) Fire and extended coverage insurance. A grain dealer licensed, or required to be licensed, under s. 126.11 shall maintain fire and extended coverage insurance, issued by an insurance company authorized to do business in this state, that covers all grain in the custody of the grain dealer, whether owned by the grain dealer or held for others, at the full local market value of the grain.
(2) Insurance cancellation; replacement. Whenever an insurance policy under sub. (1) is canceled, the grain dealer shall replace the policy so that there is no lapse in coverage.
(3) Insurance coverage; misrepresentation. No grain dealer may misrepresent any of the following to the department or to any grain producer or producer agent:
(a) That the grain dealer is insured.
(b) The nature, coverage, or material terms of the grain dealer's insurance policy.
History: 2001 a. 16.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 126 - Agricultural producer security.
126.05 - Agricultural producer security fund.
126.06 - Contingent financial backing.
126.11 - Grain dealers; licensing.
126.12 - Grain dealers; insurance.
126.13 - Grain dealers; financial statements.
126.14 - Contributing grain dealers; disqualification.
126.15 - Contributing grain dealers; fund assessments.
126.16 - Grain dealers; security.
126.17 - Grain dealers; records.
126.18 - Grain dealers; receipts for grain.
126.19 - Grain dealers; deferred payment contracts.
126.20 - Grain dealers; business practices.
126.21 - Grain producer obligations.
126.26 - Grain warehouse keepers; licensing.
126.27 - Grain warehouse keepers; insurance.
126.28 - Grain warehouse keepers; financial statements.
126.29 - Contributing grain warehouse keepers; disqualification.
126.30 - Grain warehouse keepers; fund assessments.
126.31 - Grain warehouse keepers; security.
126.32 - Grain warehouse keepers; records.
126.34 - Grain warehouse keepers; business practices.
126.41 - Milk contractors; licensing.
126.42 - Milk contractors; monthly license fee.
126.43 - Milk contractors; insurance.
126.44 - Milk contractors; financial statements.
126.45 - Contributing milk contractors; disqualification.
126.46 - Contributing milk contractors; fund assessments.
126.47 - Milk contractors; security.
126.48 - Milk contractors; payments to producers.
126.485 - Milk contractors; deferred payment contracts.
126.487 - Payment explanation.
126.49 - Milk contractors; records and reports.
126.50 - Milk contractors; prohibited practices.
126.51 - Rules for qualified producer agents.
126.56 - Vegetable contractors; licensing.
126.57 - Vegetable contractors; insurance.
126.58 - Vegetable contractors; financial statements.
126.59 - Contributing vegetable contractors; disqualification.
126.595 - Processing potato buyer optional nonparticipation.
126.60 - Contributing vegetable contractors; fund assessments.
126.61 - Vegetable contractors; security.
126.62 - Vegetable contractors; records.
126.63 - Vegetable contractors; business practices.
126.64 - Vegetable contractors; prohibited practices.
126.70 - Recovery proceedings.
126.71 - Paying default claims.
126.72 - Claims against contributing contractor; payment sources.
126.73 - Reimbursing payments.
126.80 - Department authority; general.
126.84 - Records; confidentiality.