424.201 Definition “consumer credit insurance". “Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:
(1) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring customers of the creditor;
(2) Insurance indemnifying the creditor against loss due to the customer's default; or
(3) A guaranteed asset protection waiver, as defined in s. 218.0148 (1) (e).
History: 1971 c. 239; 1973 c. 3; 1985 a. 256; 1995 a. 329; 2017 a. 161.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 424 - Consumer transactions — insurance.
424.103 - Application of general definitions.
424.201 - Definition “consumer credit insurance".
424.202 - Charge for insurance.
424.203 - Conditions applying to insurance to be provided by creditor.
424.204 - Maximum charge by creditor for insurance.
424.205 - Refund or credit required.
424.206 - Deferral, refinancing and consolidation agreements.
424.208 - Amount of insurance.
424.209 - Filing and approval of rates and forms.
424.301 - Restrictions on property insurance.
424.302 - Insurance on creditor's interest only.
424.303 - Cancellation by creditor.
424.304 - Cancellation by customer.
424.401 - Cancellation by customer.
424.402 - Insurance cancellation credit or payment.
424.501 - False, misleading or deceptive insurance solicitation.
424.502 - Insurance commissions; limitations.
424.601 - Cooperation between administrator and commissioner of insurance.
424.602 - Administrative action of commissioner of insurance.