644.04 – Restructuring.
644.04 Restructuring. (1) On the effective date of a restructuring under this chapter, all of the following shall occur: (a) The converting insurance company shall become a domestic stock insurance company. (b) All membership interests and rights in surplus of the converting insurance company shall be extinguished and the members of the converting insurance company […]
644.05 – General corporate powers and procedures.
644.05 General corporate powers and procedures. (1) Powers. Subject to s. 644.19 (2) and (3), s. 181.0302 (intro.), (1) to (15), (18) and (19) applies to mutual holding companies. (2) Effect of unauthorized corporate acts. Section 181.0304 applies to mutual holding companies, except that, for purposes of this subsection, “attorney general” used in s. 181.0304 […]
644.06 – Registered agent for service of process.
644.06 Registered agent for service of process. Sections 601.715, 601.72 (1) (a), (2) and (3) to (5) and 601.73 apply to mutual holding companies, except that, for purposes of this chapter, “authorized insurer” used in s. 601.715 means mutual holding company and “insurer” used in s. 601.72 (1) (a) and (2) means mutual holding company. […]
644.07 – Restructuring procedures.
644.07 Restructuring procedures. (1) Formation of mutual holding company. (a) 1. A domestic mutual insurance company organized under ch. 611 may restructure by forming a mutual holding company in accordance with this section. 2. A domestic service insurance corporation organized under ch. 613 may restructure by simultaneously converting to a mutual insurance company that is […]
644.08 – Reservation of corporate name.
644.08 Reservation of corporate name. Sections 181.0402 and 181.0403 (2), (3) and (3m) apply to mutual holding companies. History: 1997 a. 227; 1999 a. 30.
635.15 – Temporary suspension of rate regulation.
635.15 Temporary suspension of rate regulation. The commissioner may suspend the operation of all or any part of s. 635.05 with respect to one or more small employers for one or more rating periods upon the written request of a small employer insurer and a finding by the commissioner that the suspension is necessary in […]
635.18 – Fair marketing standards.
635.18 Fair marketing standards. (1) Every small employer insurer shall actively market health benefit plan coverage to small employers in the state. (2) (a) Except as provided in par. (b), a small employer insurer or an intermediary may not, directly or indirectly, do any of the following: 1. Discourage a small employer from applying, or […]
635.19 – Issuance of coverage in small group market.
635.19 Issuance of coverage in small group market. (1) (a) Except as provided in subs. (2) to (6), a small employer insurer that offers a group health benefit plan in the small group market shall do all of the following: 1. Accept any small employer in the state that applies for such coverage. 2. Accept […]
644.02 – Definitions.
644.02 Definitions. (1) In this chapter, unless the context otherwise requires: (a) “Board” means the board of directors or board of trustees, as the case may be, of the converting insurance company. (b) “Converted insurance company” means an insurance company that converted under this chapter from a mutual insurance company to a stock insurance company, […]
644.03 – Scope and purposes.
644.03 Scope and purposes. (1) Scope. This chapter applies to all mutual insurance holding companies organized under the laws of this state. (2) Purposes. (a) The purposes of this chapter are to provide complete, self-contained procedures for the formation of mutual insurance holding companies. Subject to par. (b), a corporation organized as a mutual insurance […]