628.348 Sale of long-term care insurance.
(1) Training requirement. On and after January 1, 2009, no person may solicit, negotiate, or sell long-term care insurance unless the person is a licensed intermediary and he or she has completed the initial training portion of the training program under s. 49.45 (31) (c) and completes the ongoing training under s. 49.45 (31) (c) every 24 months after completing the initial training.
(2) Insurer verification. Insurers providing long-term care insurance shall do all of the following:
(a) Obtain from intermediaries selling long-term care insurance on behalf of the insurer verification that the intermediary is in compliance with the training requirements under sub. (1).
(b) Maintain records related to the verifications obtained under par. (a).
(c) Make the records under par. (b) available to the commissioner upon request.
History: 2007 a. 20, 226.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 628 - Insurance marketing.
628.03 - Requirement of license.
628.05 - Licensing of town mutual agents.
628.06 - Licensing of fraternal agents.
628.07 - Licensing of nonresidents.
628.08 - Changes in status of intermediaries.
628.10 - Termination of license.
628.11 - Appointment of agents.
628.12 - Liability of surplus lines insurer.
628.31 - Sale of insurance through vending machines.
628.34 - Unfair marketing practices.
628.345 - Prohibited practices during license revocation or surrender.
628.347 - Best interest in annuity transactions.
628.348 - Sale of long-term care insurance.
628.35 - Prohibition of exclusive contracts.
628.36 - Limitations on corporations supplying health care services.
628.37 - Preservation of professional relationships in professional services.
628.38 - Disclosure requirements.
628.39 - Extension of credit on premiums.
628.40 - Effect of agent's appointment on insurer.
628.46 - Timely payment of claims.
628.48 - Risk retention groups.
628.78 - Benefit plans for agents.
628.91 - Requirement of licensure or registration.
628.92 - Issuance of license and registration.
628.93 - Other applicable provisions.
628.95 - Navigator and nonnavigator assister conduct.