(1) PURPOSE. This section implements s.
Stats., relating to contracting for claim services for the fund.
(2) CRITERIA. The board shall establish the
criteria for the selection of the servicing agent prior to the expiration of
each contract term.
The commissioner, with the approval of the board, shall select a servicing
agent through the competitive negotiation process.
(4) CONTRACT TERM. The commissioner, with the
approval of the board, shall establish the term of the contract with the
servicing agent. The contract shall include a provision for its cancellation if
performance or delivery is not made in accordance with its terms and
The servicing agent
shall perform all of the following functions:
(am) Reporting to the claims committee of the
board on claim files identified by that committee, at the times and in the
manner specified by that committee.
(b) Establishing and revising case
(c) Contracting for
annuity payments as part of structured settlements under guidelines adopted by
(d) Investigating and
to settlement all claims made against the fund except in cases where this
responsibility is retained by the claims committee of the board.
(f) Filing with the commissioner and the
board the annual report required under s.
Stats., and any other report requested by the commissioner or the
(g) Reviewing court orders,
verdicts and judgments and making recommendations on appeals.
(h) All other functions specified in the
Wis. Admin. Code Office of the Commissioner of Insurance § Ins 17.29
Cr. Register, February,
1984, No. 338, eff. 3-1-84; am. (1), (3) and (4), r. and recr. (2), r. (5) (a),
renum. (5) (b) to be (5) and am. (5) (intro.), (b) to (g), cr. (5) (am) and
(h), Register, June, 1990, No. 414, eff.