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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).
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 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.
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.
State law is contained in the Wisconsin Constitution and the various statutes enacted by the legislature. The interpretation of state law and its application in specific cases are undertaken by the Wisconsin Supreme Court, based in Madison, Wisconsin. The law of the Menominee also applies within the Menominee Indian Reservation. The "Laws of ...
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State of Wisconsin 1997-1998 Blue Book. Madison: Wisconsin Legislature Joint Committee on Legislative Organization, 1997, pp. 99-172. Donoghue, James R. "Local Government in Wisconsin". In Wisconsin Legislative Reference Bureau. The State of Wisconsin 1979-1980 Blue Book. Madison: Wisconsin Department of Administration, 1979, pp. 95-310.
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