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State statute · Wisconsin

Wis. Stat. ch. 344, Vehicles, full chapter, 47 sections: Financial Responsibility

Publisher
Wisconsin Legislature
Edition
Wisconsin Statutes, current official online text
Last checked
2026-09-29
Status
Wisconsin Statutes and Administrative Code, public domain
Edition and licensing notes

Publisher. Wisconsin Legislature (docs.legis.wisconsin.gov)

Edition. Wisconsin Statutes, current official online text (docs.legis.wisconsin.gov; site heading '2025 Biennium'; 'Updated on the first day of each month. Entire code is always current'), retrieved 2026-09-29

Status. Wisconsin Statutes and Administrative Code, public domain.

Read the official textPractice questions from this source

What this document is

Wis. Stat. ch. 344, Vehicles - Financial Responsibility (full chapter, 47 sections) is a state statute published by Wisconsin Legislature (docs.legis.wisconsin.gov). It is one of the Wisconsin documents that insurance license exam questions are written from, including wisconsin property & casualty, wisconsin personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Wis. Stat. s. 344.33 (5) (a) (Motor vehicle liability policy; provisions incorporated in policy by law)
    “The policy may not be canceled or annulled as to such liability by any agreement between the insurer and the insured after the occurrence of any injury or damage covered by such motor vehicle liability policy.”
  • Wis. Stat. s. 344.33 (5) (b) (Motor vehicle liability policy; satisfaction of judgment)
    “The satisfaction by the insured of a judgment for such injury or damage shall not be a condition precedent to the right or duty of the insurer to make payment on account of such injury or damage.”
  • Wis. Stat. s. 344.34 (Notice of cancellation or termination of certified policy)
    “the insurance so certified shall not be canceled or terminated until at least 10 days after a notice of cancellation or termination of the insurance so certified has been filed in the office of the secretary. No insurance so certified may be canceled or terminated by the insurer prior to the...”
  • Wis. Stat. s. 344.33 (10) (Binders)
    “Any binder issued pending the issuance of a motor vehicle liability policy shall be deemed to fulfill the requirements for such a policy.”
  • Wis. Stat. s. 344.37 (1) (Money or securities as proof)
    “Proof of financial responsibility for the future may be evidenced by a deposit with the secretary by the person of $60,000 in cash, or in securities such as may legally be purchased by savings banks or for trust funds of a market value of $60,000.”

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Questions about this source

Wis. Stat. ch. 344, Vehicles - Financial Responsibility (full chapter, 47 sections) is a state statute published by Wisconsin Legislature (docs.legis.wisconsin.gov). Edition: Wisconsin Statutes, current official online text (docs.legis.wisconsin.gov; site heading '2025 Biennium'; 'Updated on the first day of each month. Entire code is always current'), retrieved 2026-09-29.

No. This page summarizes the document and links to the official version. Always rely on the text published by Wisconsin Legislature (docs.legis.wisconsin.gov) for the current law.

Practice questions for Wisconsin Property & Casualty, Wisconsin Personal Lines cite this document.

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