Wis. Admin. Code Department of Transportation Trans 197.06 - Billing procedures
(1) The department shall establish an account
for any insurance company that files proofs of insurance on behalf of drivers
with the department. The billing address shall be the address of the insurer
provided with the filing, unless a different billing address is specified by
the insurer.
(2) Fees assessed
under s.
Trans
197.04 shall be billed twice per year.
(3) Payment is due 30 days from the date of
billing.
(4) The department shall
assess interest charges at an annual rate of 18% on all past due accounts.
Interest shall accrue from the date of billing.
(5) The department may refuse to accept
insurance certifications submitted by an insurance company that has not made
timely payment under sub. (3) until the insurance company pays all outstanding
fees and interest charges.
(6)
Partial payments shall be applied first to outstanding interest charges, if
any, then to outstanding fees due.
(7) An insurance company shall promptly
advise the department of any change in billing address.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.