Wisconsin
Nathan Houdek
Office of the Commissioner of Insurance
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution or first business submission; Earlier of the two
JIT appointments permitted. Appointment must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier. The appointment submission deadline is the earlier of the two dates
Yes
$16
$30
No
No
Yes
Required and is the date supplied on transaction. Must be less than 15 days old.
Yes
Via NIPR
Jan. 5, 2023 until March 15, 2023
Intermediary (Agent) Individual Resident: $16 Intermediary (Agent) Individual Non-Resident: $30
Yes
Voluntary termination; inadequate production; death; company defunct or liquidation; company indebtedness; cancelled; cancelled for cause; company merger; revoked; suspended for compliance
Yes
Effective date is required and must not be in the future and must be less than 30 days old. Date effective is date supplied on transaction
No fee
Licensing
Resident New License Insurance Producer $10.00 Resident New License Surplus Lines Broker $100.00 Non Resident New License Insurance Producer $75.00 Non Resident New License Surplus Lines Broker $100.00
Wisconsin: Intermediary (Producer) Individual Renewal Fee: $35.00 Employee Benefit Plan Administrator Renewal Fee: $100.00 Life Settlement Broker (Viatical Settlement) Renewal Fee: $250.00 Managing General Agent Individual Renewal Fee: $35.00 Reinsurance Intermediary Broker Renewal Fee: $35.00 Reinsurance Intermediary Manager Renewal Fee: $35.00 Surplus Lines Renewal Fee: $100.00 Public Adjuster Renewal Fee: $50.00 Navigator Individual Renewal Fee: $35.00 Nonresident: Intermediary (Producer) Individual Renewal Fee: $70.00 Reinstatement Fee: $140.00 Employee Benefit Plan Administrator Renewal Fee: $100.00 Life Settlement Broker Renewal Fee: $250.00 Managing General Agent Individual Renewal Fee: $70.00 Reinsurance Intermediary Broker Renewal Fee: $70.00 Reinsurance Intermediary Manager Renewal Fee: $70.00 Surplus Lines Renewal Fee: $100.00
60 days before expiration
Last day of birth month every 2 years based on year of first state license issue
60 days before expiration
Last day of birth month every 2 years based on year of first state license issue
No
No
Residence, Business, and Mailing
Life Settlement Broker, Life Accident & Health, Property And Casualty, Surplus Lines, Public Adjuster, Reinsurance Intermediary Manager, Reinsurance Intermediary Broker, Temporary Producer, Intermediary (Producer) Individual, Employee Benefit Plan Administrator, Managing General Agent Individual, Navigator Individual, Temporary Insurance Intermediary, Warranty Plan
Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA
Yes
Supervised instruction, monitored self-study, or verifiable self-study
The commissioner will accept an official transcript or grade report as proof of the satisfactory completion of credit courses. Certificate of pre-licensing education must be provided to each student in hard copy or electronically. The commissioner will not accept attendance at a pre-licensing course based on a student audit of the course.
Pre-licensing education certificates of completion are valid for 1 year from the date of issuance.
Pre-license education is not required of an individual who: I. is applying for a limited line insurance license for credit, legal, crop, surety, travel, title or other limited line insurance; II. has completed a 2-year Wisconsin vocational school degree in insurance and has submitted evidence of this with the application; III. has completed a 4-year college degree in business with an emphasis in insurance and has submitted evidence of this with the application; IV. is applying for a reinsurance intermediary or managing general agent limited line license; V. is applying for an original resident license and: (1) held a license in another state within the previous 12 months for each line being applied for; and (2) submits a letter of clearance (no more than 90 days old); VI. is applying for a nonresident license; VII. is applying for a life line and provides evidence of currently holding any of the following professional designations or successor designations: (1) CEBS; (2) ChFC; (3) CIC; (4) CFP; (5) CLU; (6) FLMI; or (7) LUTCF; VIII. is applying for an accident and health line and provides evidence of currently holding any of the following professional designations or successor designations: (1) RHU; (2) CEBS; (3) REBC; or (4) HIA; or IX. is applying for the property, casualty or personal lines P&C lines and provides evidence of currently holding any of the following professional designations or successor designations: (1) AAI; (2) ARM; (3) CIC; or (4) CPCU. The exempt applicant must submit an exemption request with all supporting documentation as prescribed by the Commissioner. An applicant who is exempt from pre-licensing education must submit a Pre-licensing Exemption Form and official documentation supporting the exemption. a. See https://bit.ly/3hHJpNa for the exemption form. b. The exemption form may be: I. faxed to the Agent Licensing Section at (608)267-9451; II. emailed to ociagentlicensing@wisconsin.gov; III. submitted electronically via the OCI website; or IV. mailed to: Agent Licensing Section P.O. Box 7872 Madison, WI 53707-7872
Agency
No
Yes
No
60 days prior to expiration date until Feb. 15th of the next even-numbered year.
No
No
Main license meets requirements
Adjuster
Only Public Adjusters
No
N/A
None
Biennially, on the last day of the month the license was issued.
Continuing Education
24
2 years
Last day of birth month
Year of first license issuance
Prior to license expiration.
60 days prior to expiration date
Licensee has one year to satisfy all CE requirements and pay reinstatement fee.
Yes
3
3 hours of NFIP course
8-hour initial certification including 2 hours specific to Wisconsin Medicaid and LTC, with 4 hours of LTC-specific training every 2 years including 1 hour specific to Wisconsin Medicaid and LTC
One-time, 4-hour course
https://agentsync.io/blog/individual-producers/insurance-continuing-education-wisconsin
Regulatory Updates
Wisconsin Sets 2023 Appointment Renewal Dates
The 2023 Wisconsin appointment renewal dates are 1/5/2023 - 3/15/2023. Appointments added after 1/1/2023 will be associated with the 2024 renewal date period
OCI Posts Administrative Actions for June 2022
The OCI holds the responsibility of enforcing insurance laws in Wisconsin. Every month, they publish the administrative actions taken against individuals and companies.
Wisconsin’s Best Interest Law Announcement
On April 15, 2022, Wisconsin released the Best Interest Law (2021 Wis. Act 260). This law revised the annuity suitability standards to better protect consumers of the annuity products. These changes will take effect on Oct 1, 2022.
Wisconsin Shares Changes to their Annuity Training Requirements
Vermont outlines some changes to how one may satisfy annuity continued education requirements in Vermont.
NASAA Updates IAR CE Member Adoption list on its Website
NASAA provides an updated version of the IAR CE Member Adoption list on its website.
Wisconsin Alerts Insurance Agents to the Dangers of Selling Certain Non-Insurance Investment Products
Licensed insurance agents may be targeted to sell unregistered securities to self directed retirement accounts. In some cases, agents may be told that these non-securities products do not need to be sold through a securities broker or a dealer. The selling of these products violate insurance law and put the license at risk.
FAQs
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How Do I Get an Insurance License in Wisconsin?
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How Do I Get a State Adjuster License in Wisconsin?
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How do I renew my insurance license in Wisconsin?
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How do I renew my non-resident insurance license in Wisconsin?
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How Do I renew My Non-Resident Adjuster License in Wisconsin?
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How Do I Renew My Adjuster License In Wisconsin?