632.695 – Applicability of general transfers at death provisions.
632.695 Applicability of general transfers at death provisions. Chapter 854 applies to transfers at death under life insurance policies and annuities. History: 1997 a. 188.
632.697 – Benefits subject to department’s right to recover.
632.697 Benefits subject to department’s right to recover. Death benefits payable under a life insurance policy or an annuity are subject to the right of the department of health services to recover under s. 46.27 (7g), 2017 stats., or s. 49.496, 49.682, or 49.849 an amount equal to the medical assistance that is recoverable under […]
632.64 – Certification of disability.
632.64 Certification of disability. For the purpose of insurance policies that they issue, insurers doing a life insurance business in this state shall afford equal weight to a certification of disability signed by a physician with respect to matters within the scope of the physician’s professional license, to a certification of disability signed by a […]
632.65 – Annuities exempt from regulation.
632.65 Annuities exempt from regulation. (1) In this section, “qualified charitable gift annuity” means an annuity that satisfies all of the following: (a) The annuity is established under a transaction that, for federal income tax purposes, is treated partly as a charitable contribution under section 170 of the Internal Revenue Code and partly as an […]
632.66 – Annuity contracts without life contingencies.
632.66 Annuity contracts without life contingencies. (1) The commissioner may by rule authorize insurers to issue annuity contracts which are without life contingencies. If the commissioner authorizes insurers to issue annuity contracts without life contingencies, the commissioner shall promulgate rules regulating those contracts. (2) (a) In this subsection, “funding agreement” means an annuity without life […]
632.67 – Effect of power of attorney for health care.
632.67 Effect of power of attorney for health care. Executing a power of attorney for health care under ch. 155 may not be used to impair in any manner the procurement of a life insurance policy or to modify the terms of an existing life insurance policy. A life insurance policy may not be impaired […]
632.69 – Life settlements.
632.69 Life settlements. (1) Definitions. In this section: (a) “Advertisement” means any written, electronic, or printed communication or any communication made by means of recorded telephone messages or transmitted on radio, television, the Internet, or similar communications media, including film strips, motion pictures, and videos, published, disseminated, circulated, or placed, directly or indirectly, before the […]
632.63 – Unclaimed life insurance and annuities.
632.63 Unclaimed life insurance and annuities. (1) Definitions. In this section: (a) “Contract” means an annuity contract. “Contract” shall not include an annuity used to fund an employment-based retirement plan or program where the insurer does not perform the record-keeping services or the insurer is not committed by terms of the annuity contract to pay […]
632.56 – Required group life insurance provisions.
632.56 Required group life insurance provisions. Every group life insurance policy shall contain the following: (1) Evidence of insurability. A provision setting forth any conditions under which the insurer reserves the right to require a person eligible for insurance to furnish evidence of individual insurability satisfactory to the insurer as a condition to part or […]
632.57 – Conversion option in group and franchise life insurance.
632.57 Conversion option in group and franchise life insurance. (1) Scope of application. This section applies to all group life insurance policies other than credit life insurance policies and applies to franchise life insurance policies providing term insurance renewable only while the insured is a member of the franchise unit. (2) Conversion right upon loss […]