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82. Wisconsin Laws & Ethics

82.3. Becoming Licensed in Wisconsin

Temporary Licenses & Appointments

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Temporary Licenses

The Commissioner may issue a temporary intermediary license for a period of not more than one year. Temporary licenses are issued only to a personal representative of a deceased or mentally or physically disabled intermediary, for one of three purposes:

To give time for the sale of the goodwill of the intermediary’s business.
For the recovery or return of the intermediary to the business.
To provide the training and licensing of new personnel for the intermediary’s business. Temporary licenses can also be issued to personal representatives of an intermediary who has entered active duty in the U.S. armed forces, for those same purposes. A temporary licensee is a fully qualified intermediary for all purposes other than the licensing process itself, the duration of the license, and the limits described above. The Commissioner can limit a temporary licensee’s authority by order to protect insureds and the public, and can revoke a temporary license if interests are endangered. A temporary license can’t continue after the owner or personal representative disposes of the business.

Appointment by the Insurer

Holding a license is not the same as being authorized to write business for a specific insurer. To write for an insurer, you have to be appointed by that insurer. Wisconsin requires the appointment to be filed within fifteen days after the earlier of:

The date the agent contract is executed, or
The date the first insurance application is submitted. The appointment is entered into the OCI licensing system in the format the Commissioner specifies.

Special Rules for Long-Term Care and Annuities

Two product types have additional pre-sale requirements:

Long-term care insurance: The agent must hold a license, be appointed, AND have completed the required long-term care training before they can solicit, negotiate, or sell long-term care insurance.
Annuities: The agent must complete the insurer-specific annuity product training AND the required four-hour annuity training before soliciting the sale of any annuity product.

Renewal Invoicing

Insurers receive an annual appointment renewal invoice for every individual intermediary serving as their agent. Payment is required once a year in March from each insurer.

Termination of Appointment

When an insurer terminates an agent’s appointment, the insurer must:

Notify OCI electronically no later than thirty days after the termination date.
Notify the intermediary in writing — before, or within fifteen days of, filing the termination notice with the Commissioner — that they’re no longer appointed, that they may not act as a representative of the company, and that all materials indicating an agency relationship must be returned.

Regulation Charges (Renewal Fees)

The biennial regulation amount paid by each licensed individual intermediary is $35 for a resident intermediary and $70 for a nonresident intermediary. OCI sends the renewal notice to the intermediary’s business email address at least sixty days before the expiration date. If the fee isn’t paid by the expiration date, the license is revoked.

How Long Does a License Last?

An intermediary’s license remains in effect until one of these things happens:

The Commissioner revokes, suspends, or limits it.
The intermediary voluntarily surrenders it.
The intermediary dies.
A court finds the intermediary mentally incompetent.
The Commissioner finds, after a hearing, that the intermediary is no longer qualified. Subject, of course, to fee payment and CE compliance every renewal cycle. Skip either of those and the license is revoked.

Temporary Licenses

Issued by Commissioner, max duration: one year
Granted to personal representative of deceased/disabled intermediary, or one on active military duty
Three allowed purposes: sell goodwill of business, allow recovery/return, train/license new personnel
Temporary licensee treated as fully qualified except for licensing process, duration, and stated limits
Commissioner may restrict or revoke to protect public; ends when business is disposed of

Appointment by the Insurer

License ≠ authorization to write for a specific insurer; appointment required
Must be filed within 15 days after earlier of: contract execution date or first application submission date
Entered into OCI licensing system per Commissioner’s format

Special Rules for Long-Term Care and Annuities

Long-term care: must have license, appointment, AND completed LTC training before soliciting/selling
Annuities: must complete insurer-specific product training AND 4-hour annuity training before soliciting sales

Renewal Invoicing

Insurers billed annually for each individual intermediary appointment
Payment due once a year in March

Termination of Appointment

Insurer must notify OCI electronically within 30 days of termination
Insurer must notify intermediary in writing (before or within 15 days of filing with Commissioner)
- Must state: no longer appointed, cannot represent company, must return agency materials

Regulation Charges (Renewal Fees)

Biennial fee: $35 resident intermediary, $70 nonresident intermediary
OCI sends renewal notice to business email at least 60 days before expiration
Nonpayment by expiration date results in license revocation

How Long Does a License Last?

Ends upon: Commissioner revocation/suspension/limitation, voluntary surrender, death, court finding of incompetence, or post-hearing disqualification finding
Also contingent on timely fee payment and CE compliance each renewal cycle
Failure in fee payment or CE leads to automatic revocation

Next | 82.4 Maintaining Your License

Temporary Licenses & Appointments

Temporary Licenses

To give time for the sale of the goodwill of the intermediary’s business.
For the recovery or return of the intermediary to the business.
To provide the training and licensing of new personnel for the intermediary’s business. Temporary licenses can also be issued to personal representatives of an intermediary who has entered active duty in the U.S. armed forces, for those same purposes. A temporary licensee is a fully qualified intermediary for all purposes other than the licensing process itself, the duration of the license, and the limits described above. The Commissioner can limit a temporary licensee’s authority by order to protect insureds and the public, and can revoke a temporary license if interests are endangered. A temporary license can’t continue after the owner or personal representative disposes of the business.

Appointment by the Insurer

The date the agent contract is executed, or
The date the first insurance application is submitted. The appointment is entered into the OCI licensing system in the format the Commissioner specifies.

Special Rules for Long-Term Care and Annuities

Two product types have additional pre-sale requirements:

Long-term care insurance: The agent must hold a license, be appointed, AND have completed the required long-term care training before they can solicit, negotiate, or sell long-term care insurance.
Annuities: The agent must complete the insurer-specific annuity product training AND the required four-hour annuity training before soliciting the sale of any annuity product.

Renewal Invoicing

Insurers receive an annual appointment renewal invoice for every individual intermediary serving as their agent. Payment is required once a year in March from each insurer.

Termination of Appointment

When an insurer terminates an agent’s appointment, the insurer must:

Notify OCI electronically no later than thirty days after the termination date.
Notify the intermediary in writing — before, or within fifteen days of, filing the termination notice with the Commissioner — that they’re no longer appointed, that they may not act as a representative of the company, and that all materials indicating an agency relationship must be returned.

Regulation Charges (Renewal Fees)

How Long Does a License Last?

An intermediary’s license remains in effect until one of these things happens:

The Commissioner revokes, suspends, or limits it.
The intermediary voluntarily surrenders it.
The intermediary dies.
A court finds the intermediary mentally incompetent.
The Commissioner finds, after a hearing, that the intermediary is no longer qualified. Subject, of course, to fee payment and CE compliance every renewal cycle. Skip either of those and the license is revoked.

Achievable Health

82. Wisconsin Laws & Ethics

82.3. Becoming Licensed in Wisconsin

Temporary Licenses & Appointments

4 min read

Font

Discuss

Feedback

Temporary Licenses

To give time for the sale of the goodwill of the intermediary’s business.
For the recovery or return of the intermediary to the business.
To provide the training and licensing of new personnel for the intermediary’s business. Temporary licenses can also be issued to personal representatives of an intermediary who has entered active duty in the U.S. armed forces, for those same purposes. A temporary licensee is a fully qualified intermediary for all purposes other than the licensing process itself, the duration of the license, and the limits described above. The Commissioner can limit a temporary licensee’s authority by order to protect insureds and the public, and can revoke a temporary license if interests are endangered. A temporary license can’t continue after the owner or personal representative disposes of the business.

Appointment by the Insurer

The date the agent contract is executed, or
The date the first insurance application is submitted. The appointment is entered into the OCI licensing system in the format the Commissioner specifies.

Special Rules for Long-Term Care and Annuities

Two product types have additional pre-sale requirements:

Long-term care insurance: The agent must hold a license, be appointed, AND have completed the required long-term care training before they can solicit, negotiate, or sell long-term care insurance.
Annuities: The agent must complete the insurer-specific annuity product training AND the required four-hour annuity training before soliciting the sale of any annuity product.

Renewal Invoicing

Insurers receive an annual appointment renewal invoice for every individual intermediary serving as their agent. Payment is required once a year in March from each insurer.

Termination of Appointment

When an insurer terminates an agent’s appointment, the insurer must:

Notify OCI electronically no later than thirty days after the termination date.
Notify the intermediary in writing — before, or within fifteen days of, filing the termination notice with the Commissioner — that they’re no longer appointed, that they may not act as a representative of the company, and that all materials indicating an agency relationship must be returned.

Regulation Charges (Renewal Fees)

How Long Does a License Last?

An intermediary’s license remains in effect until one of these things happens:

The Commissioner revokes, suspends, or limits it.
The intermediary voluntarily surrenders it.
The intermediary dies.
A court finds the intermediary mentally incompetent.
The Commissioner finds, after a hearing, that the intermediary is no longer qualified. Subject, of course, to fee payment and CE compliance every renewal cycle. Skip either of those and the license is revoked.

Temporary Licenses

Issued by Commissioner, max duration: one year
Granted to personal representative of deceased/disabled intermediary, or one on active military duty
Three allowed purposes: sell goodwill of business, allow recovery/return, train/license new personnel
Temporary licensee treated as fully qualified except for licensing process, duration, and stated limits
Commissioner may restrict or revoke to protect public; ends when business is disposed of

Appointment by the Insurer

License ≠ authorization to write for a specific insurer; appointment required
Must be filed within 15 days after earlier of: contract execution date or first application submission date
Entered into OCI licensing system per Commissioner’s format

Special Rules for Long-Term Care and Annuities

Long-term care: must have license, appointment, AND completed LTC training before soliciting/selling
Annuities: must complete insurer-specific product training AND 4-hour annuity training before soliciting sales

Renewal Invoicing

Insurers billed annually for each individual intermediary appointment
Payment due once a year in March

Termination of Appointment

Insurer must notify OCI electronically within 30 days of termination
Insurer must notify intermediary in writing (before or within 15 days of filing with Commissioner)
- Must state: no longer appointed, cannot represent company, must return agency materials

Regulation Charges (Renewal Fees)

Biennial fee: $35 resident intermediary, $70 nonresident intermediary
OCI sends renewal notice to business email at least 60 days before expiration
Nonpayment by expiration date results in license revocation

How Long Does a License Last?

Ends upon: Commissioner revocation/suspension/limitation, voluntary surrender, death, court finding of incompetence, or post-hearing disqualification finding
Also contingent on timely fee payment and CE compliance each renewal cycle
Failure in fee payment or CE leads to automatic revocation

Next | 82.4 Maintaining Your License

Temporary Licenses & Appointments

Temporary Licenses

To give time for the sale of the goodwill of the intermediary’s business.
For the recovery or return of the intermediary to the business.
To provide the training and licensing of new personnel for the intermediary’s business. Temporary licenses can also be issued to personal representatives of an intermediary who has entered active duty in the U.S. armed forces, for those same purposes. A temporary licensee is a fully qualified intermediary for all purposes other than the licensing process itself, the duration of the license, and the limits described above. The Commissioner can limit a temporary licensee’s authority by order to protect insureds and the public, and can revoke a temporary license if interests are endangered. A temporary license can’t continue after the owner or personal representative disposes of the business.

Appointment by the Insurer

The date the agent contract is executed, or
The date the first insurance application is submitted. The appointment is entered into the OCI licensing system in the format the Commissioner specifies.

Special Rules for Long-Term Care and Annuities

Two product types have additional pre-sale requirements:

Long-term care insurance: The agent must hold a license, be appointed, AND have completed the required long-term care training before they can solicit, negotiate, or sell long-term care insurance.
Annuities: The agent must complete the insurer-specific annuity product training AND the required four-hour annuity training before soliciting the sale of any annuity product.

Renewal Invoicing

Insurers receive an annual appointment renewal invoice for every individual intermediary serving as their agent. Payment is required once a year in March from each insurer.

Termination of Appointment

When an insurer terminates an agent’s appointment, the insurer must:

Notify OCI electronically no later than thirty days after the termination date.
Notify the intermediary in writing — before, or within fifteen days of, filing the termination notice with the Commissioner — that they’re no longer appointed, that they may not act as a representative of the company, and that all materials indicating an agency relationship must be returned.

Regulation Charges (Renewal Fees)

How Long Does a License Last?

An intermediary’s license remains in effect until one of these things happens:

The Commissioner revokes, suspends, or limits it.
The intermediary voluntarily surrenders it.
The intermediary dies.
A court finds the intermediary mentally incompetent.
The Commissioner finds, after a hearing, that the intermediary is no longer qualified. Subject, of course, to fee payment and CE compliance every renewal cycle. Skip either of those and the license is revoked.