The Office of the Commissioner of Insurance has the statutory responsibility for administering the
Injured Patients and Families Compensation Fund (IPFCF) and the
State Life Insurance Fund (SLIF). OCI also administered the Local Government Property Insurance Fund, which closed as of July 1, 2019.
The Injured Patients and Families Compensation Fund provides medical malpractice protection to health care providers for claims in excess of $1,000,000 per claim or $3,000,000 annual aggregate for each policy year.
The State Life Insurance Fund offers life insurance to Wisconsin residents in amounts up to $10,000 per person.