626.11 Rate standards.
(1) General. Rates determined under this chapter shall not be excessive, inadequate or unfairly discriminatory.
(2) Excessiveness. Rates determined under this chapter are not excessive merely because a reasonable margin is allowed for a profit.
(3) Adequacy. The commissioner shall approve a minimum adequate pure premium for each classification under which worker's compensation insurance is written. No insurer writing any insurance specified under s. 626.03 may use a pure premium less than that approved by the commissioner.
History: 1975 c. 148, 199.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 626 - Rate regulation in worker's compensation insurance.
626.03 - Scope of application.
626.09 - General provisions concerning the bureau.
626.13 - Approval of rates and rating plans.
626.14 - Filings open to inspection.
626.22 - Disapproval of rates.
626.31 - Operation and control of bureau.
626.32 - Development of rates by bureau.