Section 14.01. Purpose and scope.

 

(1)   Purpose. This section interprets ss. 100.203 , 600.01 (1) (b) 11. , 601.31 (1) (km) and 632.185 , Stats. The commissioner finds that a warrantor issuing a vehicle protection product warranty is doing the business of insurance, subject to full application of chs. 600 to 646 , Stats. If the warrantor issuing a vehicle protection product warranty registers and complies with this rule and the applicable statutes, only those sections of chs. 600 to 646 , Stats., as expressly provided in the enabling statutes will apply.

(2)   Scope.

(a) This chapter applies to all vehicle protection product warranties operating or offering a vehicle protection plan in this state.

(b) This chapter does not apply to licensed insurers who operate or offer to operate a vehicle protection plan pursuant to an authorization to transact insurance in this state.