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Bills · 2019-2020 Regular Session

SB 289

Became law Official bill text Atom feed

Relating to: notice of change in terms or premium amount for insurance policy renewal.

Insurance — Policy

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, an insurer who offers to renew an insurance policy on less

favorable terms or with a premium increase of at least 25 percent generally must

notify the policyholder about the new terms or the increased premium at least 60

days prior to the renewal date. If the insurer is unable to determine the actual

amount of the premium increase at that time, the insurer may provide the

policyholder with a good faith estimate of the amount. If the insurer fails to provide

notice before the 60-day deadline, the new terms or premiums do not take effect until

60 days after the notice is mailed or delivered to the policyholder, and the

policyholder may cancel the policy at any time during those 60 days. This bill reduces

the 60-day time frames to 45 days for personal lines property and casualty policies.

Sponsors

Introduced by: Bewley (D) , Craig (R) , LeMahieu (R) , Schachtner (D) , Stroebel (R)

7 cosponsors

Doyle (D) , Felzkowski (R) , Kulp (R) , Petryk (R) , Ramthun (R) , Skowronski (R) , Thiesfeldt (R)

Votes

Senate: Report passage recommended by Committee on Insurance, Financial Services, Government Oversight and Courts, Ayes 5, Noes 0

Passed 5–0 Sep 19, 2019 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report concurrence recommended by Committee on Insurance, Ayes 11, Noes 0

Passed 11–0 Feb 18, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jun 21, 2019 · Senate

    Introduced by Senators Craig, Bewley, LeMahieu, Schachtner and Stroebel; cosponsored by Representatives Felzkowski, Doyle, Kulp, Petryk, Ramthun, Thiesfeldt and Skowronski

  2. Jun 21, 2019 · Senate

    Read first time and referred to Committee on Insurance, Financial Services, Government Oversight and Courts

  3. Jul 16, 2019 · Senate

    Public hearing held

  4. Sep 19, 2019 · Senate

    Executive action taken

  5. Sep 19, 2019 · Senate

    Report passage recommended by Committee on Insurance, Financial Services, Government Oversight and Courts, Ayes 5, Noes 0

  6. Sep 19, 2019 · Senate

    Available for scheduling

  7. Oct 4, 2019 · Senate

    Placed on calendar 10-8-2019 pursuant to Senate Rule 18(1)

  8. Oct 8, 2019 · Senate

    Read a third time and passed

  9. Oct 8, 2019 · Senate

    Ordered immediately messaged

  10. Oct 8, 2019 · Assembly

    Received from Senate

  11. Oct 8, 2019 · Senate

    Read a second time

  12. Oct 8, 2019 · Senate

    Ordered to a third reading

  13. Oct 8, 2019 · Senate

    Rules suspended

  14. Oct 16, 2019 · Assembly

    Read first time and referred to committee on Insurance

  15. Oct 17, 2019 · Assembly

    Executive action taken

  16. Feb 18, 2020 · Assembly

    Report concurrence recommended by Committee on Insurance, Ayes 11, Noes 0

  17. Feb 18, 2020 · Assembly

    Referred to committee on Rules

  18. Feb 18, 2020 · Assembly

    Made a special order of business at 11:34 AM on 2-20-2020 pursuant to Assembly Resolution 21

  19. Feb 20, 2020 · Assembly

    Read a second time

  20. Feb 20, 2020 · Assembly

    Ordered to a third reading

  21. Feb 20, 2020 · Assembly

    Rules suspended

  22. Feb 20, 2020 · Assembly

    Read a third time and concurred in

  23. Feb 20, 2020 · Assembly

    Ordered immediately messaged

  24. Feb 21, 2020 · Senate

    Received from Assembly concurred in

  25. Feb 25, 2020 · Senate

    Report correctly enrolled

  26. Feb 28, 2020 · Senate

    Presented to the Governor on 2-28-2020

  27. Mar 4, 2020 · Senate

    Report approved by the Governor on 3-3-2020. 2019 Wisconsin Act 155

  28. Mar 4, 2020 · Senate

    Published 3-4-2020