645.23 – Commissioner’s seizure order.
645.23 Commissioner’s seizure order. (1) Issuance. If it appears to the commissioner that the interests of creditors, policyholders or the public will be endangered by the delay incident to asking for a court seizure order, then on any ground that would justify a court seizure order under s. 645.22, without notice and without applying to […]
645.24 – Conduct of hearings in summary proceedings.
645.24 Conduct of hearings in summary proceedings. (1) Confidentiality of commissioner’s hearings. The commissioner shall hold all hearings in summary proceedings privately unless the insurer requests a public hearing, in which case the hearing shall be public. (2) Confidentiality of court hearings. The court may hold all hearings in summary proceedings and judicial reviews thereof […]
645.31 – Grounds for rehabilitation.
645.31 Grounds for rehabilitation. The commissioner may apply by verified petition to the circuit court for Dane County or for the county in which the principal office of the insurer is located for an order directing rehabilitation of a domestic insurer or an alien insurer domiciled in this state on any one or more of […]
645.32 – Rehabilitation orders.
645.32 Rehabilitation orders. (1) Appointment of rehabilitator. An order to rehabilitate the business of a domestic insurer, or an alien insurer domiciled in this state, shall appoint the commissioner and his or her successors in office rehabilitator and shall direct the rehabilitator to take possession of the assets of the insurer and to administer them […]
645.33 – Powers and duties of the rehabilitator.
645.33 Powers and duties of the rehabilitator. (1) Special deputy commissioner. The rehabilitator may appoint a special deputy commissioner to rehabilitate the insurer. The special deputy commissioner shall have all of the powers of the rehabilitator granted under this section. Subject to court approval, the rehabilitator shall make such arrangements for compensation as are necessary […]
645.09 – Commissioner’s reports.
645.09 Commissioner’s reports. (1) General report of proceedings. The commissioner may include in his or her annual report: (a) Formal proceedings. The names of the insurers proceeded against under ss. 645.31, 645.41, 645.45, 645.81, 645.82 and 645.84, and such other facts as indicate in reasonable detail the commissioner’s formal proceedings under this chapter; and (b) […]
645.10 – Continuation of delinquency proceedings.
645.10 Continuation of delinquency proceedings. Every proceeding commenced before August 5, 1967 is deemed to have commenced under this chapter for the purpose of conducting the proceeding thereafter, except that in the discretion of the commissioner the proceeding may be continued, in whole or in part, as it would have been continued had this chapter […]
645.11 – Effect of amendments of this chapter.
645.11 Effect of amendments of this chapter. Every proceeding commenced under this chapter before December 9, 1979, is subject to the amendments of this chapter by chapter 93, laws of 1979, except as to rights which have fully vested before December 9, 1979. History: 1979 c. 93, 109, 154.
645.21 – Commissioner’s summary orders.
645.21 Commissioner’s summary orders. (1) Summary order after hearing. Whenever the commissioner has reasonable cause to believe, and determines, after a hearing held as prescribed in s. 601.62, that any insurer has committed or engaged in, or is committing or engaging in or is about to commit or engage in any act, practice or transaction, […]
645.22 – Court’s seizure order.
645.22 Court’s seizure order. (1) Issuance. Upon the filing by the commissioner in any circuit court in this state of a verified petition alleging any ground that would justify a court order for a formal delinquency proceeding against an insurer under this chapter and that the interests of policyholders, creditors or the public will be […]