645.88 – Attachment, garnishment and levy of execution.
645.88 Attachment, garnishment and levy of execution. During the pendency in this or any other state of a liquidation proceeding, whether called by that name or not, no action or proceeding that is in the nature of an attachment, garnishment or levy of execution or that would interfere with proceedings under this chapter or ch. […]
645.89 – Interstate priorities.
645.89 Interstate priorities. (1) Priorities. In a liquidation proceeding in this state involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment from general […]
645.90 – Subordination of claims for noncooperation.
645.90 Subordination of claims for noncooperation. If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his or her control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, […]
646.01 – Scope and purposes.
646.01 Scope and purposes. (1) Scope. (a) General. This chapter applies to: 1. All kinds and lines of direct insurance, except as provided in par. (b). 2. All insurers authorized to do business in this state except: a. Fraternals that are not health maintenance organization insurers. b. Assessable mutuals, including town mutuals. c. Mutual municipal […]
646.03 – Definitions.
646.03 Definitions. In this chapter, unless the context indicates otherwise: (1) “Board” means the board of directors of the insurance security fund created by s. 646.12. (1m) “Direct insurance” does not include a policy or contract of reinsurance, except for the following: (a) Reinsurance for which the reinsurer has issued assumption certificates under the reinsurance […]
645.83 – Foreign domiciliary receivers in other states.
645.83 Foreign domiciliary receivers in other states. (1) Property rights and title: reciprocal state. The domiciliary liquidator of an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts and rights of action, and all of the books, accounts and other records of […]
645.84 – Ancillary formal proceedings.
645.84 Ancillary formal proceedings. (1) Appointment of ancillary receiver in this state. If a domiciliary liquidator has been appointed for an insurer not domiciled in this state, the commissioner shall file a petition with the circuit court for Dane County requesting appointment as ancillary receiver in this state: (a) If the commissioner finds that there […]
645.85 – Ancillary summary proceedings.
645.85 Ancillary summary proceedings. The commissioner in his or her sole discretion may institute proceedings under ss. 645.21 to 645.23 at the request of the commissioner or other appropriate official of the domiciliary state of any nondomestic insurer having property located in this state. History: 1979 c. 102.
645.86 – Claims of nonresidents against insurers domiciled in this state.
645.86 Claims of nonresidents against insurers domiciled in this state. (1) Filing claims. In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states must file claims in this state, and claimants residing in reciprocal states may file claims either […]
645.87 – Claims of residents against insurers domiciled in reciprocal states.
645.87 Claims of residents against insurers domiciled in reciprocal states. (1) Filing claims. In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this state may file claims either with the ancillary receiver, if any, in this state, or with the domiciliary liquidator. […]