Wis. Admin. Code Office of the Commissioner of Insurance Ins 14.01 - Purpose and scope
(1) PURPOSE. This section interprets ss.
100.203,
600.01(1) (b) 11., 601.31 (1) (km) and 632.185, Stats.
The commissioner finds that a warrantor issuing a vehicle protection product
warranty is doing the business of insurance, subject to full application of
chs. 600 to 646, Stats. If the warrantor issuing a vehicle protection product
warranty registers and complies with this rule and the applicable statutes,
only those sections of chs. 600 to 646, Stats., as expressly provided in the
enabling statutes will apply.
(2)
SCOPE.
(a) This chapter applies to all
vehicle protection product warranties operating or offering a vehicle
protection plan in this state.
(b)
This chapter does not apply to licensed insurers who operate or offer to
operate a vehicle protection plan pursuant to an authorization to transact
insurance in this state.
Notes
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