1995 WISCONSIN ACT 242
An Act to amend 631.01 (4) of the statutes; relating to: annuities for eleemosynary institutions.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
631.01 (4) of the statutes is amended to read:
631.01 (4) (title) Group policies and annuities and group policies for eleemosynary institutions. This chapter, ch. 632 and the health insurance mandates under ch. 632 that apply to the plan under subch. II of ch. 635 do not apply to annuities or group policies or annuities that are provided on a basis as uniform nationally as state statutes permit to educational, scientific research, religious or charitable institutions organized without profit to any person, for the benefit of employes of such institutions. The commissioner may by order subject such contracts issued by a particular insurer to this chapter, ch. 632 or the health insurance mandates under ch. 632 that apply to the plan under subch. II of ch. 635 or any portion of those provisions upon a finding, after a hearing, that the interests of Wisconsin insureds or creditors or the public of this state so require.