601.46 Commissioner’s records and reports.

477 words·~2 min read·/wi/chapter-601/601-46

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Record maintenance. The commissioner shall maintain the records required by law and those necessary to provide for the continued effective operation of the office, to constitute an adequate and proper recording of its activities and to protect the rights of the people of this state. The records shall be preserved in the office except as provided in s. 16.61 .

(2)Record of proceedings and activities. The commissioner shall maintain a permanent record of proceedings and important activities, including a concise statement of the condition of each insurer visited or examined, and including a record of all certificates of authority and licenses issued.

(3)Annual reports. Prior to September 1 of each year, the commissioner shall submit a report to the governor and to the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172

(2), which shall include, for the preceding calendar year:

(a)The chart and explanation prepared under s. 601.19 ;

(b)A general review of the insurance business in this state, including a report on emerging regulatory problems, developments and trends, including trends related to prescription drugs;

(c)A summary of the complaints made to or processed by the office about insurers, agents and others connected with insurance, and information about their disposition;

(d)A summary of rules promulgated and circular letters distributed;

(e)A list of all insurers authorized to do business in this state during the year, with appropriate and useful information concerning them; including a list of insurers organized, admitted, merged or withdrawn;

(f)A list of all revocations of licenses or certificates of authority and the reasons therefor;

(g)The changes made in chs. 600 to 655 ;

(h)A summary of receipts and expenses, including the information required to be included by s. 601.45

(4);

(i)The kind and amount of insurance carried in all state insurance funds under chs. 604 to 607 together with the amount of premiums collected, the source and nature of any other income, and the disbursements made. The report shall state separately the premiums, losses, the kind and amount of insurance carried on state property, and on other than state property; and

(j)Such other information on the general conduct and condition of insurers doing business in this state as the commissioner or the governor deems necessary or as is prescribed by law.

(4)Public inspection. All records and reports shall be open to public inspection unless specifically otherwise provided by statute or by rule.

(5)Copies of records. The commissioner shall provide to any person on request certified or uncertified copies of any record in the department that is open to public inspection.

(6)Audits. The commissioner shall reimburse the legislative audit bureau for the cost of audits required to be performed under s. 13.94

(de).