Wisconsin § 424.502 - Insurance commissions; limitations.
Full text of Wisconsin Wisconsin Statutes § 424.502 — Insurance commissions; limitations., with citation guidance and answers to common questions.
§ 424.502. Insurance commissions; limitations.
A creditor or insurer may not pay to an employee of the creditor who participates in the processing of consumer credit transactions any commission or bonus that exceeds an amount equal to 25 percent of the employee’s annual earnings for the sale of insurance in connection with those consumer credit transactions. Insurance does not include a warranty plan for which the commissioner of insurance has issued a limited certificate of authority pursuant to rule promulgated under s. 600.01 (1) (b) 5. 424.502 History History: 1985 a. 256 . subch. VI of ch. 424 SUBCHAPTER VI ADMINISTRATION
Frequently Asked Questions About Wisconsin § 424.502
What does Wisconsin Statutes § 424.502 cover?
Section 424.502 ("Insurance commissions; limitations.") 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 § 424.502?
A common citation format is "Wisconsin Statutes § 424.502" (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 § 424.502 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.