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.
626.03 Scope of application. This chapter applies to all worker’s compensation insurance written on risks or operations in this state, employers’ liability insurance when written in connection with worker’s compensation insurance or insurance covering any part of the liability of an employer exempted from insuring the employer’s liability for compensation under s. 102.28. History: 1975 […]
626.06 Rating bureau. The Wisconsin compensation rating bureau is continued and every insurer writing any insurance specified under s. 626.03 is a member of it. History: 1975 c. 148.
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. (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. 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 […]
626.13 Approval of rates and rating plans. The bureau shall file with the commissioner on behalf of its members every manual of classifications, rules and rates, every rating plan and every modification of any of them proposed for use in this state. Every such filing shall state its proposed effective date. The bureau shall also […]
626.14 Filings open to inspection. Section 625.14 applies to rates filed under this chapter. History: 1975 c. 148.
626.22 Disapproval of rates. (1) Order in event of violation. If the commissioner finds after a hearing that a filing already in effect under s. 626.13 fails to meet the requirements of the law, the commissioner shall order that its use be discontinued for any policy issued or renewed after a date specified in the […]
626.25 Use of rates. (1) Approval required. No insurer writing any insurance specified under s. 626.03 may use a rate, rating plan or classification nor an expense loading not approved by the commissioner. (2) Unfair discrimination. No insurer writing any insurance specified under s. 626.03 may make or charge any rate which discriminates unfairly between […]
626.31 Operation and control of bureau. (1) Bureau administration. (a) Organization. The bureau shall make bylaws for its government which, with amendments thereto, shall be filed with and approved by the commissioner before they are effective. (b) Representation. The rating committee shall consist of an even number of members, up to 12 and no fewer […]
626.32 Development of rates by bureau. (1) Acquisition of information. (a) General. Every insurer writing any insurance specified under s. 626.03 shall report its insurance in this state to the bureau at least annually, on forms and under rules prescribed by the bureau. The bureau shall file, under rules promulgated by the department of workforce […]
626.35 Worker’s compensation insurance contracts. (1) Filing. An insurer who provides a contract under s. 102.31 (1) (a) or 102.315 (3), (4), or (5) (a) shall file with the bureau a copy of the contract, or other evidence of the contract as designated by the bureau, not more than 60 days after the effective date […]
626.51 Other rate service organizations. Any group, association or other organization which assists the bureau in rate-making by the collection and furnishing of loss and expense statistics or by the submission of recommendations is a rate service organization and shall be governed by ss. 625.31 and 625.32. History: 1975 c. 148.
