Chapter 424 — CONSUMER TRANSACTIONS — INSURANCE
22 sections in this chapter.
Wis. Stat. § 424.101 Short title
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424.101 Short title.
Wis. Stat. § 424.102 Scope
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424.102 Scope.
Wis. Stat. § 424.103 Application of general definitions
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424.103 Application of general definitions. SUBCHAPTER II CONSUMER CREDIT INSURANCE
Wis. Stat. § 424.201 Definition “consumer credit insurance”
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424.201 Definition “consumer credit insurance”.
Wis. Stat. § 424.202 Charge for insurance
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424.202 Charge for insurance.
Wis. Stat. § 424.203 Conditions applying to insurance to be provided by creditor
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424.203 Conditions applying to insurance to be provided by creditor.
Wis. Stat. § 424.204 Maximum charge by creditor for insurance
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424.204 Maximum charge by creditor for insurance.
Wis. Stat. § 424.205 Refund or credit required
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424.205 Refund or credit required.
Wis. Stat. § 424.206 Deferral, refinancing and consolidation agreements
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424.206 Deferral, refinancing and consolidation agreements.
Wis. Stat. § 424.207 Term of insurance
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424.207 Term of insurance.
Wis. Stat. § 424.208 Amount of insurance
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424.208 Amount of insurance.
Wis. Stat. § 424.209 Filing and approval of rates and forms
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424.209 Filing and approval of rates and forms. Cross-reference: See definitions in s. 421.301. SUBCHAPTER I GENERAL PROVISIONS 424.101 Short title. This chapter shall be known and may be cited as Wisconsin consumer act—insurance. History: 1971 c. 239. 424.102 Scope. This chapter…
Wis. Stat. § 424.301 Restrictions on property insurance
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424.301 Restrictions on property insurance. (1) A creditor may not contract for a separate charge or receive a separate charge for insurance against loss of or damage to property in which the creditor holds a security interest or to property leased under a motor vehicle consumer …
Wis. Stat. § 424.302 Insurance on creditor’s interest only
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424.302 Insurance on creditor’s interest only. If a creditor contracts for or receives a separate charge for insurance against loss of or damage to property, the risk of loss or damage not willfully caused by the customer is on the debtor only to the extent of any deficiency in t…
Wis. Stat. § 424.303 Cancellation by creditor
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424.303 Cancellation by creditor. (1) A creditor shall not request cancellation of a policy of property or liability insurance except after the customer’s default (s. 425.103), or in accordance with a written agreement by the customer at any time other than when the original tran…
Wis. Stat. § 424.304 Cancellation by customer
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424.304 Cancellation by customer. (1) Following the sale of any insurance product under s. 422.202 (1) (b), the customer has the right to cancel the insurance until 30 days after the policy is mailed or otherwise delivered to the customer. The creditor shall provide the customer …
Wis. Stat. § 424.401 Cancellation by customer
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424.401 Cancellation by customer. (1) Following the sale of any insurance product under s. 422.202 (2s) (a) 2., including insurance described in s. 424.301 (1m), or, if for a term of more than one year, any future service or motor club service contracts under s. 422.202 (2s) (a) …
Wis. Stat. § 424.402 Insurance cancellation credit or payment
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424.402 Insurance cancellation credit or payment. (1) Any customer who cancels insurance or a service contract under s. 424.304 or 424.401 shall receive one of the following: (a) A credit against the balance of the customer’s obligation or account in the amount of the insurance p…
Wis. Stat. § 424.501 False, misleading or deceptive insurance solicitation
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424.501 False, misleading or deceptive insurance solicitation. (1) A creditor may not solicit or offer for sale any insurance product in connection with a consumer credit transaction in any manner that is false, misleading or deceptive or that omits to state material information …
Wis. Stat. § 424.502 Insurance commissions; limitations
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424.502 Insurance commissions; limitations. A creditor or insurer may not pay to an employee of the creditor who participates in the processing of consumer credit transactions any commission or bonus that exceeds an amount equal to 25 percent of the employee’s annual earnings for…
Wis. Stat. § 424.601 Cooperation between administrator and commissioner of insurance
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424.601 Cooperation between administrator and commissioner of insurance. The administrator and the commissioner of insurance shall consult and assist one another in maintaining compliance with this chapter. They may jointly or severally pursue investigations, prosecute suits and …
Wis. Stat. § 424.602 Administrative action of commissioner of insurance
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424.602 Administrative action of commissioner of insurance. To the extent that the commissioner of insurance’s responsibility under this chapter requires, the commissioner shall issue rules with respect to insurers and with respect to refunds (s. May 22, 2026, are designated by N…