424.501 False, misleading or deceptive insurance solicitation.
(1) A creditor may not solicit or offer for sale any insurance product in connection with a consumer credit transaction in any manner that is false, misleading or deceptive or that omits to state material information with respect to the insurance or the consumer credit transaction that is necessary to make the solicitation or offer not false, misleading or deceptive.
(2) It is not a violation of sub. (1) to use printed materials or forms that have been approved for use by the office of the commissioner of insurance.
(3) A violation of this section is subject to s. 425.304.
History: 1985 a. 256.
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.