Wisconsin § 616.60 - Record-keeping requirements.
Full text of Wisconsin Wisconsin Statutes § 616.60 — Record-keeping requirements., with citation guidance and answers to common questions.
§ 616.60. Record-keeping requirements.
616.60(1) (1) 616.60(1)(a) (a) A provider shall keep accurate accounts, books, and records concerning transactions regulated under this subchapter. 616.60(1)(b) (b) A provider’s accounts, books, and records shall include all of the following: 616.60(1)(b)1. 1. Copies of each type of service contract sold. 616.60(1)(b)2. 2. The name and address of each service contract holder that has furnished such information to the provider. 616.60(1)(b)3. 3. A list of the locations where service contracts are marketed, sold, or offered for sale in this state. 616.60(1)(b)4. 4. Written claims files that shall contain at least the dates, descriptions, and amounts paid or denied for claims related to the service contracts. 616.60(1)(b)5. 5. The effective date, expiration date, name of the seller, and provider fee paid for each service contract sold in this state. 616.60(1)(c) (c) Except as provided in sub. (2) , a provider shall retain all records required to be maintained under this subsection for a service contract for at least one year after the period of coverage specified in the contract has expired. 616.60(1)(d) (d) The records required under this subsection may be, but are not required to be, maintained on a computer disk or other record-keeping technology. If the records are maintained in other than hard copy, the records shall be capable of duplication to electronic copy or legible hard copy at the request of the commissioner. 616.60(2) (2) A provider discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to service contract holders in this state. 616.60 History History: 2011 a. 226 .
Frequently Asked Questions About Wisconsin § 616.60
What does Wisconsin Statutes § 616.60 cover?
Section 616.60 ("Record-keeping requirements.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 616.60?
A common citation format is "Wisconsin Statutes § 616.60" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 616.60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.