Wisconsin Commissioner of Insurance

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Wisconsin

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The Wisconsin Commissioner of Insurance is a state executive position in the Wisconsin state government.

The position was created by the legislature in 1871 to ensure that the insurance industry "responsibly and adequately met the insurance needs of Wisconsin citizens."[1] Presently, the mission of the office is to lead the way in informing and protecting the public and responding to its insurance needs.[1]

Current officeholder

The current officeholder is Ted Nickel.

Duties

The main duties included in the office are: [1]

  • Reviewing insurance policies that are sold in the state to make sure they meet the requirements set forth in Wisconsin law
  • Conducting examinations of domestic and foreign insurers to ensure compliance with Wisconsin laws and rules
  • Monitoring the financial solvency of licensed companies to make sure that consumers have the insurance coverage they expect when they need it
  • Issuing licenses to the various parties involved in selling and marketing insurance products
  • Assisting insurance consumers with their insurance problems
  • Researching special insurance issues to understand and assess their impact on the state
  • Providing technical assistance on legislation and promulgating administrative rules to interpret insurance laws
  • Creating and distributing public information and consumer education pieces to educate people about insurance
  • Operating a state life insurance fund, a property fund for the property owned by local units of government, and a patients compensation fund insuring health care providers for medical malpractice

Compensation

In 2010, the Wisconsin Attorney General was paid an estimated $117,980 according to the Council of State Governments.[2]

Contact info

Address:
125 South Webster Street
Madison, Wisconsin 53703-3474
Phone: (608) 266-3585 (Madison), (800) 236-8517 (Statewide)
Hours: Monday - Friday 7:45 a.m. - 4:30 p.m CST

See also

External links

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References


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