WI AB949

Creates new statutory sections (628.34(16), 628.349, and 632.105) to regulate pet insurance in Wisconsin, adopting provisions from the National Association of Insurance Commissioners' model Pet Insurance Act

Prohibits marketing pet wellness programs as pet insurance and requires clear separation between the two products when sold by the same insurer, including separate costs, terms, and disclosures in 12-point boldface type

Requires licensed intermediaries selling pet insurance to complete training covering preexisting conditions, waiting periods, hereditary disorders, chronic conditions, and underwriting practices

Mandates insurers disclose policy exclusions, waiting periods, deductibles, coinsurance, coverage limits, and claim payment formulas; policyholders have 15 days to return policies for a full premium refund if no claim has been filed

Limits waiting periods for illness or orthopedic conditions to a maximum of 30 days, prohibits waiting periods for accidents, and bars insurers from requiring veterinary exams for policy renewals or treating previously covered conditions as preexisting upon renewal