618.49 Investigation, disclosure and taxation of insurance contracts.
(1) Report on insurance. Whenever the commissioner has reason to believe that insurance has been effectuated by or for any person in this state with an unauthorized insurer, the commissioner may in writing order the person to produce for examination all insurance contracts and other documents evidencing insurance contracts and other documents evidencing insurance with both authorized and unauthorized insurers and to disclose to the commissioner the amount of insurance, name and address of each insurer, gross amount of premium and the name and address of any person who has assisted in the effectuation of the insurance.
(2) Uninsured property. The commissioner may order any owner of property situated in this state, other than property owned by a unit of government that maintains a public fire department and furnishes full fire protection for the property, to furnish in addition to the information furnished under sub. (1) information about amounts paid to or credited to any insurance fund or other reserve against loss or damage by fire. If the owner of the property has not insured it, the owner shall pay under s. 601.93 (2) an amount equal to 2 percent of the annual premium that would have been charged for insuring such property by authorized insurers using the rates promulgated by the rate service organization of which the state insurance fund is a member or subscriber under s. 604.04 (5), or which is designated for that purpose by the commissioner.
History: 1971 c. 260; 1973 c. 336; 1975 c. 372 s. 41; 1975 c. 421; 1979 c. 34 s. 2102 (26) (a).
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.