611.61 – Transactions of insurers with affiliates.
611.61 Transactions of insurers with affiliates. (1) Restricted transactions. No transaction may be entered into between an insurer authorized to do business in this state and any affiliate unless: (a) The transaction at the time it is entered into is reasonable and fair to the interests of the insurer; (b) The books, accounts and records […]
611.43 – Annual report to mutual policyholders.
611.43 Annual report to mutual policyholders. Every domestic mutual shall send to each policyholder requesting it an annual report which shall contain basic financial and operating data, information about important business and corporate developments, and such other information as the corporation wishes to include or as the commissioner by rule requires to be included in […]
611.51 – Board of directors.
611.51 Board of directors. (1) General. Subject to this section, ss. 180.0801 and 180.0802 apply to stock corporations and ss. 181.0801 (1) and (2) and 181.0802 apply to mutuals. (2) Number of directors. (a) General. Except under pars. (b) and (c), a corporation shall have at least 5 directors if no more than one director […]
611.52 – Election and removal of directors and officers of stock corporations.
611.52 Election and removal of directors and officers of stock corporations. (1) Resignation and removal of officers. Sections 180.0843 and 180.0844 apply to stock corporations. (2) Election. At each annual meeting of shareholders, the shareholders shall elect directors to hold office until the next succeeding annual election except as provided in sub. (3) or under […]
611.53 – Selection and removal of directors and officers of mutuals.
611.53 Selection and removal of directors and officers of mutuals. (1) Public selection of directors. The articles of a mutual may provide that any number of the directors shall be public directors chosen under a plan proposed by the corporation and approved by the commissioner. The plan shall be designed to assure true public representation […]
611.54 – Supervision of management changes.
611.54 Supervision of management changes. (1) Report of selection. (a) General. The name of any person selected as a director or principal officer of a corporation, together with such pertinent biographical and other data as the commissioner requires by rule, shall be reported to the commissioner immediately after the selection. (b) New corporations. For 5 […]
611.42 – Mutual policyholders’ voting rights.
611.42 Mutual policyholders’ voting rights. (1) General. Subject to this section and s. 611.53, ss. 181.0701 (1), (2), and (4) to (6), 181.0702 (1) to (3) and (5), 181.0722 (1) to (3), 181.0723, and 181.0727 apply to mutuals. (1b) Place of meetings. (a) A mutual may hold an annual, regular, or special meeting of policyholders […]
611.425 – Mutual policyholders’ proxy voting.
611.425 Mutual policyholders’ proxy voting. (1) Definition. In this section, “electronic transmission” means transmission by the Internet, telephone, electronic mail, telegram, cablegram, datagram, or any other form or process of communication that does not directly involve the physical transfer of paper and that is capable of retention, retrieval, and reproduction of information by the recipient. […]
611.426 – Remote participation in policyholder meetings.
611.426 Remote participation in policyholder meetings. (1) If authorized by the board of directors in its sole discretion, and subject to sub. (2) and any guidelines and procedures adopted by the board of directors, policyholders and proxies of policyholders not physically present at a meeting of policyholders may participate in the meeting by means of […]
611.40 – Shareholders’ meetings.
611.40 Shareholders’ meetings. (1) Meetings, notices, quorums and voting. Sections 180.0701 to 180.0703, 180.0705, 180.0709, 180.0721 to 180.0727 and 180.1708 (3) apply to stock corporations. Each director of a stock corporation shall be elected by a plurality of the votes cast by the shares entitled to vote in the election at a meeting at which […]