424.202 Charge for insurance.
(1) Except as otherwise provided in this chapter and subject to the provisions on additional charges (s. 422.202), and maximum charges (s. 422.201) a creditor may agree to provide insurance, and may contract for and receive a charge for insurance separate from and in addition to other charges. A creditor need not make a separate charge for insurance provided or required by the creditor.
(2) This chapter does not authorize the issuance of any insurance prohibited under any statute, or rule thereunder, governing the business of insurance.
History: 1971 c. 239; 1991 a. 316.
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.