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Wisconsin Repeals Insurer Reporting Requirements

Dec. 22, 2015 AAIS Advisory notice

A new law and corresponding bulletin in Wisconsin repeal requirements that insurers in that state issue several reports, including:

  • Annual reports related to premiums and claims for commercial liability and product liability insurance;¬†
  • A report with information about commissions and fixed salaries paid to agents and brokers; and
  • An annual report from each domestic insurer concerning compensation and remuneration for directors and high-earning employees.

The law was recently signed by Gov. Scott Walker, but is effective from November 12, 2015.

AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news items that are relevant to our program users. Advisory notices are news summaries that paraphrase documents which should be consulted directly for complete, authoritative information. 

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