Section 197.06. Billing procedures.

 

(1)  The department shall establish an account for any insurance company that files proofs of insurance on behalf of drivers with the department. The billing address shall be the address of the insurer provided with the filing, unless a different billing address is specified by the insurer.

(2)  Fees assessed under s. Trans 197.04 shall be billed twice per year.

(3)  Payment is due 30 days from the date of billing.

(4)  The department shall assess interest charges at an annual rate of 18% on all past due accounts. Interest shall accrue from the date of billing.

(5)  The department may refuse to accept insurance certifications submitted by an insurance company that has not made timely payment under sub. (3) until the insurance company pays all outstanding fees and interest charges.

(6)  Partial payments shall be applied first to outstanding interest charges, if any, then to outstanding fees due.

(7)  An insurance company shall promptly advise the department of any change in billing address.

History: Cr. Register, January, 1999, No. 517 , eff. 2-1-99.