Section 3.19. Group accident and sickness insurance insuring debtors of a creditor.

 

(1)  This rule implements and interprets ss. 204.321 (1) (d) and 206.60 (2) , 1973 Stats., with regard to issuance of a group policy of accident and sickness insurance issued to a creditor to insure debtors of a creditor.

(2)  A group accident and sickness insurance policy may be issued to a creditor to insure debtors of the creditor if the class or classes of insured debtors meet the requirements of s. 206.60 (2) (a) and (c) , 1973 Stats., and such a policy shall be subject to the requirements of such paragraphs in addition to other requirements applicable to group accident and sickness insurance policies.

Cr. Register, November, 1959, No. 47 , eff. 12-1-59; am. Register, September, 1963, No. 93 , eff. 10-1-63; r. (3), Register, February, 1973, No. 206 , eff. 3-1-73; emerg. am. (1) and (2), eff. 6-22-76; am. (1) and (2), Register, September, 1976, No. 249 , eff. 10-1-76.