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NAMIC 2006 Survey of New State Insurance Laws Summary and Analysis

2006 SUMMARY OF NEW STATE LAWS - WISCONSIN

Wisconsin State Legislative Website

BILL #

CHAPTER #

ISSUE

BILL DESCRIPTION

AB 912

140

Identity theft - security freeze

Allows persons to restrict release of credit reports; amends provisions regarding a security freeze; relates to a consumer reporting agency that is a deposit account information service company issuing reports of account closures due to substantial overdrafts, automated teller machine abuse or similar negative information; relates to a consumer reporting agency that is a check services or fraud prevention service company processing negotiable instruments and electronic funds transfers. Effective: Jan. 1, 2007.

AB 1073

183

Tort reform - medical malpractice

Relates to recovery of noneconomic damages in medical malpractice cases; relates to acts or omissions of an employee of a health care provider; relates to establishing a limitation on noneconomic damage awards; relates to bodily injury; relates to malpractice insurance coverage and helping to contain health care costs. Effective: April 5, 2006.

SB 164

138

Identity theft - personal information

Relates to notice by entities who maintain and license personal information in the state regarding unauthorized acquisition of personal information. Effective: March 30, 2006.

SB 448

201

Tort reform - construction defects

Relates to contractor's notices, claims against certain contractors and suppliers of dwellings; provides a penalty; relates to contracts and construction defects. Effective: Sept. 1, 2006.

SB 474

172

Workers' compensation - omnibus law changes

Relates to making various changes in the worker's compensation law; requires the exercise of rule-making authority; makes appropriations. Effective: March 31, 2006.

SB 497

133

Motor vehicle insurance -- miscellaneous

Relates to insurance notice requirements for motor vehicle retail installment contracts; requires such notice whenever a person sells a motor vehicle under a retail installment contract that provides for insurance coverage, or a charge is made for insurance coverage; requires public liability insurance. Effective: March 24, 2006.

SB 602

259

Tax issues

Creates a development zone credit for license fees paid by certain insurers; relates to investment in certified capital companies; relates to brownfields, investment credits, jobs tax credits and environmental remediation credits; requires notice to the commissioner of insurance of all persons entitled to claim the credit. Effective: Jan. 1, 2007.

SB 616

421

E-commerce

Enacts the Uniform Real Property Electronic Recording Act; creates an electronic recording council; provides for validity of electronic documents and electronic signatures. Effective: June 2, 2006.

SB 623

173

Motor vehicle insurance -- miscellaneous

Relates to damages to rental vehicles; requires customer notification of government and transportation fees in advertisements and before contract signing; amends provisions regarding collision, theft or loss of the vehicle, damage notification and waivers, limit on storage fees, and an estimate from competing repair shops assessing damages; allows a rental company to use the credit pursuant to a renter's credit card as deposit for damages to the damaged vehicle or for other charges in the rental agreement. Effective: April 4, 2006.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.