633.05 Payment to administrator. If a principal is an insurer, payment to the administrator of a premium or charge by or on behalf of an insured employee is payment to the insurer, but payment of a return premium or claim by the insurer to the administrator is not payment to an insured employee until the payment is received by the insured employee. This section does not limit any right of the insurer against the administrator for failure to make payments to the insurer or an insured employee.
History: 1991 a. 39; 2021 a. 9.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 633 - Employee benefit plan administrators, principals, and pharmacy benefit managers.
633.04 - Written agreement required.
633.05 - Payment to administrator.
633.06 - Examination and inspection of books and records.
633.07 - Approval of advertising.
633.08 - Underwriting responsibilities.
633.11 - Claim adjustment compensation.
633.12 - Notification required.
633.15 - License; renewal, suspension, limitation, revocation, penalty.