618.11 Application. Any person, including the United States branch of an alien insurer, authorized to transact the business of insurance as an insurer in another jurisdiction may apply for a certificate of authority to do an insurance business in this state, using the forms prescribed by the commissioner. The applicant shall include the information and […]
618.12 Certificate of authority. (1) Issuance. The commissioner shall either issue a certificate of authority to an applicant under s. 618.11 or issue an order refusing the certificate which finds: (a) That not all requirements of the law have been met; or (b) That the applicant is either not sound, not reliable, not entitled to […]
618.14 Admission of nondomestic fraternals. (1) Application. A nondomestic fraternal may apply for authorization to transact business in this state, by filing with the commissioner: (a) A certified copy of its articles and bylaws; (b) A power of attorney to the commissioner to receive service of process and other papers; (c) A certificate from the […]
618.21 Corporation law requirements from chs. 180, 610, 611 and 623 applicable to nondomestic corporations. (1) Strict compliance. No nondomestic corporation may be authorized to do business in this state unless it complies strictly with the following requirements: (a) Financial requirements. The financial requirements of ss. 611.19 and 623.11; (b) Other requirements. The requirements of […]
618.22 Exclusive agency and management contracts of nondomestic corporations. (1) Filing of contract. No nondomestic insurer may be a party to any exclusive agency contract or management contract as defined in ss. 611.66 and 611.67 respectively, unless the contract is filed with the commissioner and not disapproved under this section within 30 days after filing, […]
618.23 Requirements for nondomestic reciprocals. (1) Conditions of authorization. No nondomestic reciprocal may be authorized to do business in this state unless under the laws of its domicile or the provisions of its power of attorney or otherwise it can sue and be sued in its own name, and the assets resulting from the exchange […]
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. 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. (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. (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. (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 […]
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 […]
618.34 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. (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. 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. (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) […]
