631.69 Insurance written in connection with finance plans. Any insurance contract written in connection with a finance plan or other credit transaction shall contain provisions to protect the insured from overreaching by the insurer or by the creditor in connection with the insurance, including a provision that a copy of the complete policy or a certificate containing all of the essential terms be furnished to the debtor and that there shall be an appropriate surrender value or refund of unearned premium to the debtor calculated on a basis approved by the commissioner if the debt is paid or if the insurance contract is rewritten because the original finance plan or credit transaction is altered or a new plan or transaction is entered into with the same or an affiliated lender. This section is satisfied by compliance with the terms of ch. 424, if they are applicable.
History: 1975 c. 375.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 631 - Insurance contracts generally.
631.01 - Application of statutes.
631.03 - Insurance in mutuals.
631.05 - Oral contracts of insurance and binders.
631.07 - Insurable interest and consent.
631.08 - Mistakes in contracts.
631.09 - Knowledge and acts of agents.
631.11 - Representations, warranties and conditions.
631.13 - Incorporation by reference.
631.15 - Contract rights under noncomplying policies.
631.17 - Written reason for coverage denial.
631.20 - Filing and approval of forms.
631.21 - Explicit approval required.
631.22 - Consumer insurance policy readability.
631.23 - Authorized clauses for insurance forms.
631.24 - Credit life and disability insurance.
631.27 - Rules of law as provisions of contracts.
631.28 - Notice of right to file complaint.
631.31 - Clauses required to be on first page.
631.36 - Termination of insurance contracts by insurers.
631.37 - Special cancellation provisions.
631.39 - Renewals in affiliates.
631.41 - Policies jointly issued.
631.43 - Other insurance provisions.
631.45 - Limitations on loss to be borne by insurer.
631.51 - Dividends on policies.
631.61 - Group and blanket insurance.
631.69 - Insurance written in connection with finance plans.
631.81 - Notice and proof of loss.
631.83 - Limitation of actions.
631.85 - Appraisal or arbitration.
631.89 - Restrictions on use of genetic test results.
631.90 - Restrictions on use of tests for HIV.
631.93 - Prohibited provisions concerning HIV infection.
631.95 - Restrictions on insurance practices; domestic abuse.