§ 631.05

631.05 Oral contracts of insurance and binders. No provision of chs. 600 to 646 and 655 may be interpreted to forbid an oral contract of insurance or issuance of a written binder. The insurer shall issue a policy as soon as reasonably possible after issuance of any binder or negotiation of an oral contract.History: 1975 c. 375; 1979 c. 89; 1989 a. 187 s. 29.The insurer’s delay in issuing the title insurance policy did not preclude the insurer from denying coverage per the policy’s terms. Columb v. Cox, 2022 WI App 32, 404 Wis. 2d 50, 978 N.W.2d 481, 20-1593.