626.09 – General provisions concerning the bureau.
626.09 General provisions concerning the bureau. (1) Purposes. The bureau has the following purposes: (a) To establish, maintain and administer rules, regulations, classifications, rates and rating plans to govern the transaction of insurance included in s. 626.03; (b) To cooperate with other rate service organizations and with insurers in the development of rules, rates and […]
626.11 – Rate standards.
626.11 Rate standards. (1) General. Rates determined under this chapter shall not be excessive, inadequate or unfairly discriminatory. (2) Excessiveness. Rates determined under this chapter are not excessive merely because a reasonable margin is allowed for a profit. (3) Adequacy. The commissioner shall approve a minimum adequate pure premium for each classification under which worker’s […]
626.12 – Rating methods.
626.12 Rating methods. In determining whether rates comply with the standards under s. 626.11, the following criteria shall be applied: (1) Basic factors in rates. Due consideration shall be given to past and prospective loss and expense experience within and outside this state, to catastrophe hazards and contingencies, to a reasonable margin for profit, to […]
626.02 – Definitions.
626.02 Definitions. In this chapter, unless the context indicates otherwise: (1) “Bureau” means the Wisconsin compensation rating bureau provided for in s. 626.06. (2) “Rate service organization” has the meaning designated for the term under s. 625.02 (2). History: 1975 c. 148; 1983 a. 189.