Bulletin, December 8, 2014, 2015 Resident and Nonresident Annual Appointment Billing Reminder

Last Updated: December 8, 2014

Date: December 8, 2014
To: Agent Licensing Department
From: Theodore K. Nickel, Commissioner of Insurance
Subject: 2015 Resident and Nonresident Annual Appointment Billing Reminder

​Invoices for filing the required annual initial and renewal appointment fee will be mailed shortly after January 1, 2015. All payments must be submitted by Electronic Funds Transfer (EFT) on our Web site at oci.wi.gov. No other form of payment is acceptable and will be returned unprocessed.

When logging on to the site to complete the payment process, companies will also be able to download the list of agents associated with each invoice. The list will include those who were initially appointed for the previous year as well as those whose appointments are being renewed.

Each invoice will have the amount calculated, and no reconciliation is permitted. Companies may not take credit for terminating an agent at that time. All appointment terminations must have been processed by December 31, 2014, or they will appear on the renewal billing schedule. Companies can obtain a list of all insurance agents by insurance company name at http://oci.wi.gov/agentlic/agntlist.shtml.

The initial and renewal appointment fees are $16.00 for each resident intermediary (agent) per company and $40.00 for each nonresident agent per company regardless of the number of lines of authority. These fees are established under s. 601.31 (1) (n), Wis. Stat., and s. Ins 6.57 (4), Wis. Adm. Code.

Companies can update their address, contact information, and e-mail online at oci.wi.gov/compinfo.htm.

Any questions, please contact the Agent Licensing Section by e-mail at ociagentlicensing@wisconsin.gov.