618.45 Servicing of contracts made out of state.
(1) Servicing permitted. A nondomestic insurer which does not have a certificate of authority to do business in this state under s. 618.12 may in this state collect premiums and adjust losses and do all other acts reasonably incidental thereto, with respect to contracts lawfully made outside this state.
(2) Contract changes prohibited. Nothing in sub. (1) shall be interpreted to permit any renewal, extension, increase or other substantial change in the terms of any contract under sub. (1) unless:
(a) It is permitted by s. 618.41; or
(b) The contract is for life or disability insurance; or
(c) It is permitted by a rule promulgated by the commissioner, under circumstances in which the interests of the policyholder and the public appear to be sufficiently protected.
History: 1971 c. 260.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 618 - Nondomestic insurers.
618.12 - Certificate of authority.
618.14 - Admission of nondomestic fraternals.
618.22 - Exclusive agency and management contracts of nondomestic corporations.
618.23 - Requirements for nondomestic reciprocals.
618.24 - Requirements for incorporated alien insurers.
618.25 - Requirements for unincorporated nondomestic insurers.
618.26 - Requirements for nondomestic fraternals.
618.28 - Exemptions from Wisconsin law.
618.31 - Changes in business plan.
618.32 - Transfer of business.
618.34 - Assessment by nondomestic company.
618.36 - Release from regulation.
618.37 - Revocation of certificate of authority.
618.39 - Assisting unauthorized insurers.
618.41 - Surplus lines insurance.
618.415 - Group liability insurance issued by an unauthorized insurer.
618.416 - Qualification for placement of surplus lines insurance with an unauthorized insurer.
618.42 - Direct procurement of insurance.
618.43 - Taxation of insurance written by unauthorized insurers.
618.44 - Effect of illegal contracts.
618.45 - Servicing of contracts made out of state.
618.47 - Defense of action by unauthorized person.
618.49 - Investigation, disclosure and taxation of insurance contracts.