Wis. Stat. ch. 631, Insurance Contracts Generally (full chapter, 38 sections), clean re-ingestion from the section pages

What this document is

Wis. Stat. ch. 631, Insurance Contracts Generally (full chapter, 38 sections), clean re-ingestion from the section pages 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. 631.36 (7) (a) (Cancellation or nonrenewal notice; risk-sharing plan instructions)

  “Except as provided in par. (b) , notice of cancellation or nonrenewal required under sub. (2) (b) or (4) is not effective unless the notice contains adequate instructions to the policyholder for applying for insurance through a risk-sharing plan under ch. 619 , if a risk-sharing plan exists under...”

• Wis. Stat. s. 631.81 (3) (Notice and proof of loss; meaning of insurer's acts)

  “Meaning of insurer’s acts. The acknowledgment by the insurer of the receipt of notice, the furnishing of forms for filing proofs of loss, the acceptance of such proofs, or the investigation of any claim are not alone sufficient to waive any of the rights of the insurer in defense of any claim...”

• Wis. Stat. s. 631.11 (3) (Effect of failure of condition or breach of promissory warranty)

  “No failure of a condition prior to a loss and no breach of a promissory warranty constitutes grounds for rescission of, or affects an insurer’s obligations under, an insurance policy unless it exists at the time of the loss and either increases the risk at the time of the loss or contributes to the...”

• Wis. Stat. s. 631.20 (2) (c) (Grounds for disapproval; insurer name and home office address)

  “That in the case of the policy, though not of riders and endorsements, it fails to provide the exact name of the insurer and the full address of its home office; or”

• Wis. Stat. s. 631.43 (1) (Other insurance provisions; inconsistent terms)

  “The policies may by their terms define the extent to which each is primary and each excess, but if the policies contain inconsistent terms on that point, the insurers shall be jointly and severally liable to the insured on any coverage where the terms are inconsistent, each to the full amount of...”

• Wis. Stat. s. 631.48 (Nonwaiver clause)

  “An insurer may insert in any insurance policy a provision that no change in the policy is valid unless approved by an executive officer of the insurer, or unless the approval is endorsed on the policy or attached to it, or both, and that no agent has authority to change the policy or waive any of...”

• Wis. Stat. s. 631.09 (3) (Knowledge and acts of agents; effect of notice to agent)

  “Notice given by or on behalf of the policyholder or insured to any authorized agent of the insurer with particulars sufficient to identify the policy is notice to the insurer.”

• Wis. Stat. s. 631.83 (1) (a) (Limitation of actions; fire insurance)

  “An action on a fire insurance policy must be commenced within 12 months after the inception of the loss. This rule also applies to riders or endorsements attached to a fire insurance policy covering loss or damage to property or to the use of or income from property from any cause, and to separate...”

• Wis. Stat. s. 631.36 (4) (a) (Nonrenewal; notice required)

  “a policyholder has a right to have the policy renewed, on the terms then being applied by the insurer to similar risks, for an additional period of time equivalent to the expiring term if the agreed term is one year or less, or for one year if the agreed term is longer than one year, unless at...”

• Wis. Stat. s. 631.05 (Oral contracts of insurance and binders)

  “No provision of chs. 600 to 646 and 655 may be interpreted to forbid an oral contract of insurance or issuance of a written binder. The insurer shall issue a policy as soon as reasonably possible after issuance of any binder or negotiation of an oral contract.”

• Wis. Stat. s. 631.28 (1) (Notice of right to file complaint; requirement to provide notice)

  “Every insurer shall provide notice to its policyholders and its insureds of the right to file a complaint with the office in the manner prescribed by rule under sub. (2)”

• Wis. Stat. s. 631.85 (Appraisal or arbitration)

  “An insurance policy may contain provisions for independent appraisal and compulsory arbitration, subject to the provisions of s. 631.20 . If an approved policy provides for application to a court of record for the appointment of a disinterested appraiser, arbitrator, or umpire, any court of record...”

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• Wis. Stat. s. 628.34: Unfair marketing practicesState statute
• Wis. Stat. Chapter 632 - Insurance Contracts in Specific Lines (selected life and disability sections)State statute
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• Wis. Stat. ch. 632, Insurance Contracts in Specific Lines (full chapter)State statute
• Wisconsin Accident and Health or Sickness: General and State Examination Content Outline (Series 22-03)Candidate handbook or exam outline
• Wisconsin Casualty: General and State Examination Content Outline (Series 22-07)Candidate handbook or exam outline