Wis. Admin. Code Office of the Commissioner of Insurance Ins 45.06

Current through October 28, 2024

Section Ins 45.06 - Reporting requirements

In addition to any loss reserve certification required under s. Ins 50.30(1), a controlled insurer shall annually, prior to April 1, file with the commissioner:

(1) An opinion of an independent casualty actuary or of an other independent loss reserve specialist who is acceptable to the commissioner, reporting loss ratios for each line of business written and attesting to the adequacy of loss reserves established for losses incurred and outstanding as of each calendar year-end on and after December 31, 1993, including incurred but not reported, on business placed by the producer; and

(2) A report of the amount of commissions paid to the producer, the percentage the amount represents of the net premiums written and comparable amounts and percentage paid to noncontrolling producers for placements of the same kinds of insurance, for calendar year 1993 and each subsequent immediately preceding calendar year.

Wis. Admin. Code Office of the Commissioner of Insurance Ins 45.06

Cr. Register, July, 1993, No. 451, eff. 8-1-93; CR 05-066: am. (intro.) Register January 2006 No. 601, eff. 2-1-06.