611.94 – Trustee of proceeds.
611.94 Trustee of proceeds. Section 632.42 applies to insurers doing a life insurance business. History: 1979 c. 102.
611.76 – Conversion of a domestic mutual into a stock corporation.
611.76 Conversion of a domestic mutual into a stock corporation. (1) Conversion permitted. (a) General. Except under par. (b), a domestic mutual may be converted into a domestic stock corporation under subs. (2) to (11). (b) Conversion of related insurers. No domestic mutual that is affiliated with other mutuals may be converted into a stock […]
611.77 – Conversion of assessable to nonassessable and nonassessable to assessable mutuals.
611.77 Conversion of assessable to nonassessable and nonassessable to assessable mutuals. (1) Assessable to nonassessable. Whenever an assessable mutual accumulates enough surplus to satisfy the financial requirements for the operation of a nonassessable mutual under like conditions, it may apply for a certificate of authority authorizing it to sell nonassessable policies. The commissioner shall issue […]
611.78 – Transfer of business or assets.
611.78 Transfer of business or assets. (1) Sale, lease, exchange or mortgage of a stock corporation’s assets. Except as modified by subs. (2) and (3), ss. 180.1202, 180.1706 and 180.1708 (6) apply to stock corporations. (1m) Sale, lease, exchange or mortgage of a mutual’s assets. (a) Except as modified by subs. (2) and (3), a […]
611.785 – Dissenters’ rights.
611.785 Dissenters’ rights. Sections 180.1301 to 180.1331 apply to stock corporations, except as provided in s. 611.71 (5) (b) with respect to a shareholder’s right to dissent from a share exchange consummated under s. 611.71. History: 1989 a. 303.
611.79 – Conversion of a domestic mutual life insurance company into a fraternal.
611.79 Conversion of a domestic mutual life insurance company into a fraternal. A domestic mutual life insurance company may be converted into a fraternal under ch. 614, as follows: (1) Conversion plan. The board of directors of the company shall adopt a plan of conversion stating: (a) The reasons for and the purposes of the […]
611.71 – Acquisition of all of the shares or of a class of shares of an insurance corporation.
611.71 Acquisition of all of the shares or of a class of shares of an insurance corporation. (1) Exchange of shares permitted. A domestic stock insurance corporation may acquire, in the manner provided by this section, in exchange for its shares, all the shares, or all the shares of any class, of any other domestic […]
611.72 – Merger or other acquisition of control of a stock insurance corporation.
611.72 Merger or other acquisition of control of a stock insurance corporation. (1) General. Subject to this section, the applicable provisions of ch. 180 apply to the merger of a domestic stock insurance corporation or its parent insurance holding corporation, except that papers required by those sections to be filed with the department of financial […]
611.73 – Merger of mutuals.
611.73 Merger of mutuals. (1) Authorization, domestic corporations. (a) In general. Any 2 or more domestic mutuals may merge under the procedures of this section and ss. 181.1101 to 181.11055, except that papers required by those sections to be filed with the department of financial institutions shall instead be filed with the commissioner. (b) Plan […]
611.74 – Voluntary dissolution of domestic insurance corporations.
611.74 Voluntary dissolution of domestic insurance corporations. (1) Plan of dissolution. At least 60 days prior to the submission to shareholders or policyholders of any proposed voluntary dissolution of an insurance corporation under s. 180.1402 or 181.1401 the plan shall be filed with the commissioner. The commissioner may require the submission of additional information to […]