State Codes and Statutes
Statutes > Wisconsin > 626 > 626.11626.11
626.11 Rate standards.626.11(1)
(1) General. Rates determined under this chapter shall not be excessive, inadequate or unfairly discriminatory.626.11(2)
(2) Excessiveness. Rates determined under this chapter are not excessive merely because a reasonable margin is allowed for a profit.626.11(3)
(3) Adequacy. The commissioner shall approve a minimum adequate pure premium for each classification under which worker's compensation insurance is written. No insurer writing any insurance specified under s. 626.03 may use a pure premium less than that approved by the commissioner.626.11 - ANNOT.
History: 1975 c. 148, 199.