On November 11, 2015, Governor Scott Walker signed Senate Bill 287 into law
as 2015 Wisconsin Act 90.
The law is a collection of miscellaneous changes and updates to
Wisconsin's Insurance Code, including technical corrections and
updates driven by changes to the National Association of Insurance
Commissioners (NAIC) Model Laws.
Among other changes, Act 90 does the following:
Implements Principles-Based Reserving
Act 90 adopted a number of changes to Wisconsin's standard
valuation law (Wis. Stat. § 623.06)
in order to conform Wisconsin's standard valuation law with the
NAIC's current Model Standard Valuation Law. This change makes
Wisconsin the 39th state to adopt the NAIC's changes to the
standard valuation law intended to implement principles-based
reserving for life insurance companies.
