CHAPTER 618
NONDOMESTIC INSURERS
SUBCHAPTER I
GENERAL PROVISIONS
618.01   Purposes.
618.02   Definitions.
SUBCHAPTER II
AUTHORIZATION OF NONDOMESTIC INSURERS
618.11   Application.
618.12   Certificate of authority.
618.14   Admission of nondomestic fraternals.
618.21   Corporation law requirements from chs. 180, 610, 611 and 623 applicable to nondomestic corporations.
618.22   Exclusive agency and management contracts of nondomestic corporations.
618.23   Requirements for nondomestic reciprocals.
618.24   Requirements for incorporated alien insurers.
618.25   Requirements for unincorporated nondomestic insurers.
618.26   Requirements for nondomestic fraternals.
618.28   Exemptions from Wisconsin law.
618.31   Changes in business plan.
618.32   Transfer of business.
618.34   Assessment by nondomestic company.
618.36   Release from regulation.
618.37   Revocation of certificate of authority.
618.39   Assisting unauthorized insurers.
SUBCHAPTER III
PERMISSIBLE BUSINESS BY
UNAUTHORIZED INSURERS
618.40   Definitions.
618.41   Surplus lines insurance.
618.415   Group liability insurance issued by an unauthorized insurer.
618.416   Qualification for placement of surplus lines insurance with an unauthorized insurer.
618.42   Direct procurement of insurance.
618.43   Taxation of insurance written by unauthorized insurers.
618.44   Effect of illegal contracts.
618.45   Servicing of contracts made out of state.
618.47   Defense of action by unauthorized person.
618.48   Attorney fees.
618.49   Investigation, disclosure and taxation of insurance contracts.
618.50   Reporting of illegal insurance.
618.61   Reciprocal enforcement of foreign decrees.
Ch. 618 Cross-reference Cross-reference: See definitions in ss. 600.03, 610.01 and 628.02.
Ch. 618 Cross-reference Cross-reference: See also ch. Ins 41, Wis. adm. code.
Ch. 618 Note NOTE: Chapter 260, laws of 1971, which created this chapter, contains explanatory notes.
subch. I of ch. 618 SUBCHAPTER I
GENERAL PROVISIONS
618.01 618.01 Purposes. The purposes of this chapter are:
618.01(1) (1) To protect insureds, creditors and the public in this state by providing adequate standards and an orderly procedure for the authorization of nondomestic insurers;
618.01(2) (2) To prevent evasion by unauthorized insurers of the regulatory and tax laws of this state and to protect this state and its residents against loss from such action;
618.01(3) (3) To subject unauthorized insurers and other persons doing an insurance business in this state to the jurisdiction of the commissioner and the courts of this state;
618.01(4) (4) To protect authorized insurers from unfair competition by unauthorized insurers; and
618.01(5) (5) To provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.
618.01 History History: 1971 c. 260.
618.02 618.02 Definitions. For the purposes of this chapter, unless the context indicates otherwise:
618.02(1) (1) “Directly procured insurance" means insurance procured under s. 618.42.
618.02(2) (2) “Doing an insurance business" includes:
618.02(2)(a) (a) Soliciting, making, or proposing to make an insurance contract;
618.02(2)(b) (b) Taking or receiving an application for insurance;
618.02(2)(c) (c) Collecting or receiving, in full or in part, an insurance premium;
618.02(2)(d) (d) Issuing or delivering an insurance policy except as a messenger not employed by the insurer or by an insurance agent or broker;
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2015-16 Wisconsin Statutes updated through 2017 Wis. Act 23 and all Supreme Court and Controlled Substances Board Orders effective on or before June 27, 2017. Published and certified under s. 35.18. Changes effective after June 27, 2017 are designated by NOTES. (Published 6-27-17)