618.34 – Assessment by nondomestic company.
618.34 Assessment by nondomestic company. Every nondomestic mutual insurer authorized in this state shall, immediately after making an assessment upon any of its members in this state, notify the commissioner thereof with a statement of the condition of the insurer, setting forth the facts showing the necessity for the assessment. No such insurer may make […]
618.36 – Release from regulation.
618.36 Release from regulation. (1) Continuance of regulation. A nondomestic insurer authorized under this chapter is subject to regulation under the applicable provisions of chs. 600 to 646 until released from regulation under this section. (2) Application for release. A nondomestic insurer may apply for release from regulation by filing with the commissioner: (a) Its […]
618.37 – Revocation of certificate of authority.
618.37 Revocation of certificate of authority. Whenever there are grounds for delinquency proceedings against a nondomestic insurer under ch. 645, the commissioner may, after a hearing, revoke, suspend or limit its certificate of authority. No such action shall affect insurance already issued and the insurer shall remain subject to regulation until released under s. 618.36. […]
618.39 – Assisting unauthorized insurers.
618.39 Assisting unauthorized insurers. (1) Conduct prohibited. No person may do an insurance business in this state if the person knows or should know that the result is or might be the illegal placement of insurance with an unauthorized insurer or the subsequent servicing of an insurance policy illegally placed with an unauthorized insurer. (2) […]
618.32 – Transfer of business.
618.32 Transfer of business. (1) Report to commissioner. Any action by which a nondomestic insurer proposes to transfer to another person or to reinsure any part of its insurance business in this state, other than in the normal and usual course of business, shall be reported to the commissioner not less than 30 days in […]
618.24 – Requirements for incorporated alien insurers.
618.24 Requirements for incorporated alien insurers. (1) Conditions for authorization. No incorporated alien insurer may be authorized to do business in this state unless: (a) It has operated for 5 years in its domicile or the commissioner finds other grounds for being confident that it will be solid during its formative period; (b) It supplies […]
618.25 – Requirements for unincorporated nondomestic insurers.
618.25 Requirements for unincorporated nondomestic insurers. No nondomestic individual underwriter or syndicate may be authorized to do business in this state unless: (1) It complies with such requirements stated in s. 618.24 as are applicable to an unincorporated insurer; (2) It files undertakings with the commissioner to comply with legal controls and institutional practices for […]
618.26 – Requirements for nondomestic fraternals.
618.26 Requirements for nondomestic fraternals. (1) Strict compliance. No nondomestic fraternal may be authorized to do business in this state unless it complies strictly with all of the following requirements: (a) Financial requirements. The financial requirements of ss. 614.19 and 623.11. (b) Other requirements. The requirements of s. 180.1506, 611.54 (1) (a) as incorporated by […]
618.28 – Exemptions from Wisconsin law.
618.28 Exemptions from Wisconsin law. (1) Exemptions. Any nondomestic insurer authorized to do business in this state may apply for and the commissioner may make an order exempting it from any requirement otherwise applicable to it, if the commissioner finds after a hearing: (a) That in the absence of the statutory requirement in this state […]
618.31 – Changes in business plan.
618.31 Changes in business plan. (1) Notification. Within 5 years after the initial issuance of a certificate of authority to a nondomestic insurer by its domiciliary jurisdiction no substantial change may be made in the business plan and the insurer may not substantially deviate from it unless notice of the proposed action is filed with […]