Wisconsin Administrative Code

Ins 50.10 Scope of audit and report of independent certified public accountant.

Ins 50.11 Notification of adverse financial condition.

Ins 50.12 Communication of internal control related matters noted in an audit.

Ins 50.13 Accountant[s letter of qualifications.

Ins 50.14 Availability and maintenance of CPA work papers.

Ins 50.15 Requirements for audit committees.

Ins 50.155 Internal audit function requirements.

Ins 50.16 Conduct of insurer in connection with the preparation of required reports and documents.

Ins 50.17 Management[s report of internal control over financial reporting.

Ins 50.18 Exemptions and effective dates.

Ins 50.19 Canadian and British companies. Ins 50.25 Subchapter II — Annual Financial Statements

Ins 50.20 Insurers to file annual financial statements. Subchapter VI — Risk Retention and Purchasing Groups

Ins 50.25 Insurers to file with the national association of insurance commissioners. (1) This section applies to all licensed insurers, except: (a) Those categories of insurers whose annual or quarterly statements the national association of insurance commissioners does not colle…

Ins 50.30 Actuarial opinion required. (1) An insurer shall file with the annual financial statement required under s. Ins 50.20 a statement of actuarial opinion from a qualified actuary in accordance with the appropriate national association of insurance commissioners annual stat…

Ins 50.50 Examinations.

Ins 50.55 Examination of foreign and alien insurers. Subchapter IV — Actuarial Opinion

Ins 50.60 Definitions.

Ins 50.65 Actuarial opinion required.

Ins 50.67 Reserves.

Ins 50.68 Reliance on actuary opinion. Subchapter V — Actuarial Opinion and Memorandum Regulation

Ins 50.70 Purpose.

Ins 50.71 Authority.

Ins 50.72 Scope.

Ins 50.73 Definitions.

Ins 50.75 General requirements.

Ins 50.76 Required opinions.

Ins 50.78 Statement of actuarial opinion based on an asset adequacy analysis.

Ins 50.79 Description of the actuarial memorandum including an asset adequacy analysis and regulatory asset adequacy issues summary. (4g) XGroup of insurersY means those licensed insurers included in the reporting requirements of ch. 617, Stats., or a set of insurers identified b…

Ins 50.85 Risk retention groups and risk purchasing groups. Note: Chapter Ins 50 was created as an emergency rule effective March 12, 1993. Subchapter I — Annual Audited Financial Reports Ins 50.01 Definitions. In this chapter: (1) XAlien insurerY has the meaning provided under s…

Ins 51.01 Definitions.

Ins 51.05 Risk based capital reports.

Ins 51.15 Company action event.

Ins 51.20 Regulatory action level event.

Ins 51.30 Authorized control level event.

Ins 51.40 Mandatory control level.

Ins 51.50 Hearings. Ins 51.55 Subchapter I — Risk Based Capital Requirement for Insurers ment for the reporting year, the insurer has total adjusted capital which is greater than or equal to its company action level risk based capital but less than the product of its authorized c…

Ins 51.55 Confidentiality; prohibition on announcements, prohibition on use in ratemaking. (1) Except as permitted under sub. (2) the commissioner shall keep all of the following information confidential and it may not be subject to subpoena: (a) Risk based capital reports, to th…

Ins 51.60 Supplemental provisions; exemptions. (1) The provisions of this subchapter are supplemental to any other provisions of the laws or rules of this state, and do not pre- Ins 51.65 clude or limit any other powers or duties of the commissioner under these laws or rules or p…

Ins 51.65 Foreign insurers. (1) Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner a risk based capital report as of the end of the calendar year just ended by the later of the following: (a) The date a risk based capital report wo…

Ins 51.75 Applicability.

Ins 51.80 Capital, compulsory and security surplus. the chapter was last published. Ins 51.01 WISCONSIN ADMINISTRATIVE CODE fectiveness of the office[s solvency monitoring and the commissioner requires the person to comply as an insurer under this subchapter. (10) XLife or health…

Ins 52.005 Purpose and intent. Ins 52.01 Definitions. Ins 52.02 Credit allowed a licensed ceding insurer.

Ins 52.01 Definitions. In this subchapter, unless the context otherwise requires: (1g) XCovered agreementY means an agreement entered into pursuant to Dodd-Frank Wall Street Reform and Consumer Protection Act, 31 USC 313 and 314, that is currently in effect or in a period of prov…

Ins 52.02 Credit allowed a licensed ceding insurer. Except as provided by s. Ins 52.04 and unless otherwise prohibited by the commissioner with any such prohibition not to be in contravention of an applicable covered agreement, a domestic insurer may take credit for ceded reinsur…

Ins 52.025 Revocation of accreditation or certification. Ins 52.03 Insolvency clause and jurisdiction; financial reinsurance disallowed. Ins 52.04 Reduction from liability for reinsurance ceded by a licensed insurer to an assuming insurer. Ins 52.05 Trust agreements qualifying fo…

Ins 52.03 Insolvency clause and jurisdiction; financial reinsurance disallowed. (1) Except as permitted by s. Ins 52.02 (5), a ceding domestic insurer may take credit for reinsurance ceded to a reinsurer which does not comply with s. Ins 52.02 (1), (2), (3), (4), and (4m) only if…

Ins 52.04 Reduction from liability for reinsurance ceded by a licensed insurer to an assuming insurer. Unless otherwise ordered by the commissioner, an insurer may take credit for a reduction in liability for reinsurance ceded to a reinsurer even if the credit is not permitted un…

Ins 52.05 Trust agreements qualifying for security. (1) In this section: (a) XBeneficiaryY means the person for whose sole benefit the trust has been established and any successor of the beneficiary by operation of law, including, but not limited to, any liquidator, rehabilitator…

Ins 52.06 Letters of credit. (1) In this section XbeneficiaryY means the insurer for whose benefit the letter of credit has been established and any successor of the beneficiary by operation of law, including, but not limited to, a court-appointed domiciliary receiver, including,…

Ins 52.065 Concentration Risk. Subchapter I — Requirements for Credit for Reinsurance Ins 52.005 Purpose and intent. The purpose of this subchapter is to protect the interest of insureds, claimants, ceding insurers, assuming insurers, and the public generally. The intent is to en…