Wis. Admin. Code Office of the Commissioner of Insurance Ins 22.01 - Purpose
(1) FINDINGS. The commissioner of insurance
finds that certain plans of legal expense coverage, although they may
constitute insurance plans, do not require regulation by the commissioner of
insurance. The conduct of the lawyers is regulated by the state supreme court
and, given the minimal coverage aspects of these plans, they do not require
regulation by the commissioner. All other forms of legal expense insurance are
subject to full insurance regulation.
(2) PURPOSE. This section exempts certain
legal expense insurance from regulation and limits the regulation of other
legal expense insurance plans.
(3)
SCOPE. This chapter applies to all legal expense insurance written in the state
of Wisconsin.
(4) STATUTES
INTERPRETED. Wisconsin Statutes interpreted and implemented by this rule are:
ss.
600.01(1) (b) 5, 600.13, 601.41, 618.21, 623.11, 623.12
and 628.34(12), Stats.
(5)
DEFINITIONS.
(a) "Commissioner" means the
commissioner of insurance.
(b)
"Insurer" means any person doing an insurance business in the state as defined
in s.
618.02,
Stats.
(c) "Legal expense
insurance" means the contractual obligation to provide specific legal services
or to reimburse for specific legal expenses in consideration of specified
payment for an interval of time, regardless of whether the payment is made by
the beneficiary individually or by a third person for the beneficiary but does
not include the provision of, or reimbursement for, legal services incidental
to other insurance coverages.
Notes
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