Wis. Admin. Code § Ins 14.01 – Purpose and scope. | Midpage
§ 14.01
Wis. Admin. Code § Ins 14.01
Purpose and scope.
Effective Jul 1, 2005Register June 2005 No. 594Office of the Commissioner of Insurance
(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.