ARTICLE 13.3. Obligations of Automobile Insurers and Their Agents Under Contingent and Retrospective Compensation Arrangements [995. - 995.7.]
Article 13.3 added by Stats. 1965, Ch. 1818.
§§ 995–995.7 · 8 sections
- § 995 (a) As used in this article, “contingent compensation arrangement” means an arrangement having as its purpose the payment of a variable commission by the…
- § 995.1 An agent, broker, surplus line broker, general agent or other person operating under a contingent or retrospective compensation arrangement with any insurer…
- § 995.2 An insurer shall not claim as an asset by reason of any provision of a contingent or retrospective compensation arrangement, any account due from the other…
- § 995.3 Every person operating under a retrospective or contingent compensation arrangement with any insurer shall report to the insurer within a reasonable time, and…
- § 995.4 An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall maintain as a liability, as part…
- § 995.5 An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall report and pay the premium tax…
- § 995.6 The provisions of Sections 995.1, 995.2, and 995.3 permitting the commissioner, in certain situations, to examine a person operating under a contingent or…
- § 995.7 The purposes of Section 816 and the provisions of this article are to promote the solvency of insurers and the producers dealing with them under contracts,…