Definition “consumer credit insurance”

Wis. Stat. § 424.201
in effect
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“Consumer credit insurance” means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: (1) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring customers of the creditor; (2) Insurance indemnifying the creditor against loss due to the customer’s default; or (3) A guaranteed asset protection waiver, as defined in s. 218.0148 (1) (e).
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/424.201Fetched: 10/7/2026