Wisconsin § 628.39 - Extension of credit on premiums.
Full text of Wisconsin Wisconsin Statutes § 628.39 — Extension of credit on premiums., with citation guidance and answers to common questions.
§ 628.39. Extension of credit on premiums.
The extension of credit to the insured upon a premium without interest for not exceeding 60 days from the effective date of the policy, or after that time with interest at not less than the legal rate nor more than 18 percent per year on the unpaid balance, is permissible. The payment of premiums on policies issued under a mass marketing program on an installment basis through payroll deductions is not an extension of credit. 628.39 History History: 1975 c. 371 ; 1979 c. 110 s. 60 (13) ; 1983 a. 215 .
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 628.39
What does Wisconsin Statutes § 628.39 cover?
Section 628.39 ("Extension of credit on premiums.") 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 § 628.39?
A common citation format is "Wisconsin Statutes § 628.39" (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 § 628.39 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.