Insurer Assessments

Administrative Account

In accordance with Statute 646.51 of the Wisconsin Insurance Code, the Wisconsin Insurance Security Fund Board may authorize assessments on a prorated or non-prorated basis to meet administrative costs of the organization. The Security Fund makes Administrative Assessments in odd numbered years, with the next assessment projected to be invoiced in mid-Q1 2027.

Insolvency Accounts

In accordance with Statute 646.51 of the Wisconsin Insurance Code, the Wisconsin Insurance Security Fund may levy assessments from the covered companies based on premium written for the insolvency insurance provided by the Fund, in the amount necessary to pay covered claims and expenses of insolvent member insurers. An insurer’s assessments may not exceed two percent of written premium reported with an account.

#1: Property Casualty (Other) Account

Premium Base: All covered property casualty and other covered insurance premiums as reported on the annual statement.
Assessment Basis Determination: When the Security Fund’s Board of Directors authorizes an assessment, the assessment amount is determined based upon the most recent year for which assessment data is available.
Currently, the Security Fund does not plan to make an assessment in 2026.
There are no authorized and uncalled assessments.

#2: Life & Annuity Account

Premium Base: All covered life premiums and allocated annuity considerations as reported on the NOLHGA Annual Reconciliation Statement.
Assessment Basis Determination: When the Security Fund’s Board of Directors authorizes an assessment, the assessment amount is determined based upon the most recent year for which assessment data is available. Assessments are made either on life or annuity premium based on coverage needs in those lines.
Currently, the Security Fund does not plan to make an assessment on life premium or annuity assessment in 2026.
There are no authorized and uncalled assessments for either life premium or annuity assessments.
PHL Variable’s recent rehabilitator filing indicates it will be placed in liquidation. However, there is not enough information to make projections on the timing or size of assessments required.

#3: Disability (including Health) Account

Premium Base: All covered disability premiums as reported in the NOLHGA Annual Reconciliation Statement.
Assessment Basis Determination: When the Security Fund’s Board of Directors authorizes an assessment, the assessment amount is determined based upon the most recent year for which assessment data is available.
Currently, the Security Fund does not plan to make an assessment in 2026.
There are no authorized and uncalled assessments.

#4: Long-Term Care Account -- NEW as of July 1, 2026

Effective 7/1/2026, Wisconsin adopted the NAIC Model Act that includes a new assessment base for LTC insolvencies.
Premium Base: All covered life, disability and HMO premiums and allocated annuity considerations as reported on the NOLHGA Annual Reconciliation Statement.
Assessment Basis Determination: When the Fund’s Board of Directors authorizes an assessment, the assessment amount is determined based upon the most recent year for which assessment data is available. Insurers will be classified as either life or disability insurers by the distribution of their premium. Assessment will be divided equally between the two insurer classifications.
Currently, the Security Fund does not plan to make an assessment in 2026.
There are no authorized and uncalled assessments.
SHIP’s financial condition may result in a liquidation in 2027. If liquidation occurs, insurers can expect an assessment in 2028.

#5: HMO Account

Premium Base: All covered premiums written by licensed health maintenance organization as reported in the NOLHGA Annual Reconciliation Statement.
Assessment Basis Determination: When the Security Fund’s Board of Directors authorizes an assessment, the assessment amount is determined based upon the most recent year for which assessment data is available.
Currently, the Security Fund does not plan to make an assessment in 2026.
There are no authorized and uncalled assessments.

Assessment Appeal Rights

A company has the right to appeal an assessment invoice. However, filing an appeal DOES NOT change the status or responsibility for payment in full of the invoice by the stated due date. Should there be an assessment adjustment as a result of the appeal, the Fund will issue a refund payment.

The appeal must be filed within 30 days of invoice date and sent separately from the invoice payment. The appeal needs to include company name(s) and NAIC number(s), and clear statement of objection to the assessment. Appeal communications can be mailed to:

Wisconsin Insurance Security Fund
2802 Walton Commons Lane, Suite 102
Madison WI 53718-6785

Appeals may be emailed to: Information@WISecurityFund.org

Insurer Responsibilities

#1: Statutory Reserving

Annually in December, the Fund produces a report for each insolvency account summarizing projected liabilities and account balances to assist insurers in making statutory reserve determinations.

Insurers are strongly encouraged to carefully review and verify their reported assessable premium numbers and to reserve based on the premium they reported.
Insurers who identify errors must promptly provide an explanation for the change and report corrections to the Security Fund.

The most recent SAAP Report was issued in December 2025.

#2: Premium Reporting & Exemption Claims

Insurers writing life and health coverage that may have a premium exemption (Medicare, Medicaid, and FEHBP), should report the exemption using NOLHGA's Assessment Data Survey Reconciliation with annual financial statement.

Insurers writing property & casualty or other covered lines of business that may have a premium exemption should contact the Fund for instructions on how to file a premium exemption.

#3: Maintain Accurate Contact Information with the Fund

Assessment invoices are sent electronically by the Fund. On July 1, 2026, the email address was changed to Assessments@WISecurityFund.org.
PLEASE update and whitelist this address to prevent the invoice from being blocked and/or quarantined.
Maintain current company assessment contacts with the Fund. When changes in personnel / contact information occur, PLEASE send updated contact name and email address details to Information@WISecurityFund.org

Note the Fund does not participate in the NOLHGA Assess Connect System.