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The insurance business was first authorized and regulated in Wisconsin in 1870 (1870 Wisc. Act 56). The original law vested insurance regulation as a power of the Secretary of State of Wisconsin. These powers were transferred to a separate commissioner of insurance by an act of the Wisconsin Legislature in 1878 (1878 Wisc. Act 214).
The State Life Insurance Fund is a state-sponsored life insurance program for the benefit of Wisconsin residents. It was established with the passage of a law on June 7, 1911. [8] The applicant must be a state resident at the time of application for coverage through the Fund.
LRB staff also maintain and update the official Wisconsin statutes and the rules of the legislature. LRB publishes the biennial report of laws passed at each session of the legislature and the biennial report of the state government, the Wisconsin Blue Book. In addition, the LRB operates a legislative library, and provides research and library ...
The office of an insurance commissioner is established either by the state constitution or by statute. While most insurance commissioners are appointed, in some jurisdictions they are elected. [ 1 ] The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department.
9th Wisconsin Legislature: January 7, 1856 January 5, 1857 November 6, 1855 10th Wisconsin Legislature: 1857 11th Wisconsin Legislature: 1858 12th Wisconsin Legislature: 1859 13th Wisconsin Legislature: 1860 14th Wisconsin Legislature: 1861 15th Wisconsin Legislature: 1862 16th Wisconsin Legislature: 1863 17th Wisconsin Legislature: 1864 18th ...
The first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself. [4] Prior to this period, insurance was primarily regulated by corporate charter, state statutory law and de facto regulation by the courts in judicial decisions.
Wisconsin became a U.S. state on May 29, 1848, and special elections were held to fill the first session of the State Assembly; at the time, the body consisted of 66 members. [2] The Assembly was expanded to 82 seats in 1852, and then to 97 seats in 1856, then to 100 seats in 1861, which is the maximum allowed in the Constitution of Wisconsin .
2011 Wisconsin Act 10, also known as the Wisconsin Budget Repair Bill or the Wisconsin Budget Adjustment Act, [1] [2] is a controversial law enacted by the 100th Wisconsin Legislature which significantly limited the rights and compensation of state and local government employees in Wisconsin.