Wisconsin § 655.24 - Insurance policy forms.

§ 655.24. Insurance policy forms.

655.24(1) (1) No insurer may enter into or issue any policy of health care liability insurance until its policy form has been submitted to and approved by the commissioner under s. 631.20 (1) (a) . The filing of a policy form by any insurer with the commissioner for approval shall constitute, on the part of the insurer, a conclusive and unqualified acceptance of all provisions of this chapter, and an agreement by it to be bound hereby as to any policy issued by it to any health care provider. 655.24(1m) (1m) Notwithstanding sub. (1) , the issuance of a policy of health care liability insurance by an insurer to a health care provider constitutes, on the part of the insurer, a conclusive and unqualified acceptance of all of the provisions of this chapter, and an agreement by it to be bound under the provisions of this chapter as to any policy issued by it to a health care provider. 655.24(2) (2) Every policy issued under this chapter shall be deemed conclusively to provide all of the following: 655.24(2)(a) (a) That the insurer agrees to pay in full all of the following: 655.24(2)(a)1. 1. Attorney fees and other costs incurred in the settlement or defense of any claims. 655.24(2)(a)2. 2. Any settlement, arbitration award or judgment imposed against the insured under this chapter up to the limits expressed in s. 655.23 (4) , or the maximum liability limit for which the health care provider is insured, whichever is greater. 655.24(2)(a)3. 3. Any portion or all of the interest, as determined by the board of governors, on an amount recovered against the insured under this chapter for which the insured is liable under s. 807.01 (4) , 814.04 (4) or 815.05 (8) . 655.24(2)(b) (b) That any termination of the policy by cancellation or nonrenewal is not effective as to patients claiming against those covered by the policy unless the insured has been notified as provided in sub. (3) and s.