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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Notice to person addressed by order. Notice of any order by the commissioner shall be served under s. 227.48.
(2) Notification to agents of revocation of certificate of authority of insurer. Upon issuance of any order revoking an insurer's authority to do business in this state, the insurer shall within 10 business days and by separate written notice notify agents appointed with the insurer and shall provide a copy of the notice to the commissioner. The commissioner shall publish notice of the revocation in whatever reasonable form the commissioner designates.
(3) Delay of effective date. Except as provided in sub. (4) or as expressly provided otherwise by statute, all orders of the commissioner shall take effect 10 days after notice under sub. (1) or at a later date specified in the order.
(3m) Hearing request. If the order was issued without a hearing, any person aggrieved by the order may demand a hearing under s. 601.62(3)(a). If no demand for a hearing is made within the prescribed time, the order is final.
(4) Suspension of order. Whenever a hearing is demanded under s. 601.62(3)(a) or a rehearing is requested under s. 227.49, the commissioner may suspend the order or any part thereof until after the hearing or rehearing. If the commissioner refuses to suspend the order, any person aggrieved thereby may seek a court order under ch. 813 to restrain enforcement of the order until after the hearing or rehearing.
(5) Actions subject to approval or disapproval. (a) Required approval. Whenever the law requires the commissioner's approval for a certain action, the action is not effective until expressly approved. The approval is deemed refused if the commissioner does not act within 60 days after receiving the application for approval.
(b) Reserved disapproval. Whenever the law provides that a certain action does not become effective if disapproved by the commissioner within a certain period, the action may be made effective prior to the expiration of the period by being affirmatively approved by the commissioner.
(c) Specific provisions. Paragraphs (a) and (b) do not apply to the extent that the law specifically provides otherwise.
Cite this article: FindLaw.com - Wisconsin Statutes Insurance (Ch. 600 to 655) § 601.63. Notice and effective date of orders - last updated January 01, 2025 | https://codes.findlaw.com/wi/insurance-ch-600-to-655/wi-st-601-63/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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