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 […]
611.31 – Securities regulation.
611.31 Securities regulation. (1) Registration. No securities issued by a domestic insurance corporation may be sold by or for the corporation unless they are registered or exempt from registration under ch. 551. (2) Approval by commissioner. Securities of a domestic insurance corporation may not be registered under ch. 551 without prior approval of the commissioner […]
611.32 – Promoter stock.
611.32 Promoter stock. (1) Mandatory purchase. During the period of effectiveness of the organization permit the incorporators, directors, and principal officers of a stock corporation shall among themselves subscribe and pay, at the public offering price, at least $100,000 in cash or in property of equivalent value approved by the commissioner, for shares offered by […]
611.33 – Authorized securities.
611.33 Authorized securities. (1) Stock corporations. (a) Classes of shares. The articles of a stock corporation shall authorize the kinds of shares required by s. 180.0601 (3) and may authorize any kind of shares permitted by ss. 180.0601 (1), (2) and (4), 180.0602 and 180.0603, or of stock rights, and options permitted by s. 180.0624, […]
611.34 – Corporate repurchase of shares.
611.34 Corporate repurchase of shares. No stock corporation may repurchase any of its own shares within 5 years after initial issuance of the certificate of authority, except pursuant to a plan for the repurchase which has been approved by the commissioner. After 5 years a stock corporation may repurchase its own shares under ss. 180.0631, […]
611.36 – Number of shareholders.
611.36 Number of shareholders. Section 180.0142 applies to stock corporations for purposes of this chapter. History: 1989 a. 303.
611.29 – Amendment of articles.
611.29 Amendment of articles. (1) Right to amend articles. A stock corporation may amend its articles under ss. 180.0726, 180.1001 to 180.1007, 180.1706, 180.1707 and 180.1708 (4) and a mutual may amend its articles under ss. 181.1001, 181.1002 (1), 181.1003, 181.1005 and 181.1006, except that papers required by those sections to be filed with the […]
611.24 – Segregated accounts in general.
611.24 Segregated accounts in general. (1) Mandatory segregated accounts. A corporation shall establish segregated accounts for the following classes of insurance business, if it also does other classes of insurance business: (a) Mortgage guaranty insurance; (am) Unless the corporation is exempted by the commissioner by rule or order, financial guaranty insurance, if the corporation commences […]
611.25 – Special provisions for separate accounts for variable contracts.
611.25 Special provisions for separate accounts for variable contracts. (1) Terminology. Separate accounts under this section form a special category of segregated accounts and may be designated by any appropriate name the corporation wishes to use. (2) Formation. With the approval of the commissioner, any corporation may establish one or more separate accounts and allocate […]
611.26 – Subsidiaries.
611.26 Subsidiaries. (1) Insurance subsidiaries. An insurance corporation may form or acquire subsidiaries to do any lawful insurance business. There is no limit on the amount of investment in such subsidiaries except that the commissioner may by order or rule establish a limit and, for purposes of ss. 623.11 and 623.12, the total value of […]