WI | In a recent bulletin, the Wisconsin Insurance Commissioner announced that certain companies can now use OPTins to pay renewal/continuation of license fees. The types of companies — and their renewal deadlines — are:
- March 31 – Property Service Contract Providers AND Warranty Providers
- April 30 – Vehicle Protection Products
- July 1 – Life Settlement Providers AND Motor Clubs
The insurance department reminds licensees that they must have an OPTins account in order to use this new payment system. Importantly, activating a new account takes 7-10 business days.
The bulletin contains instructions for registering for an OPTins account. It also includes information about payment procedures and processing fees.
Click here to read the bulletin in full.