CHAPTER 646
INSURANCE SECURITY FUND
SUBCHAPTER I
GENERAL ORGANIZATION
646.01 Scope and purposes.
646.11 Organization and administration of fund.
646.12 Administration of the fund.
646.13 Special duties and powers of the board related to loss claims.
646.15 Proceedings involving nondomestic insurers.
646.21 Custody and investment of assets.
SUBCHAPTER II
CLAIMS PROCEDURES
646.32 Appeal and review.
646.325 Recovery of amounts paid to 3rd parties.
646.33 Subrogation and cooperation.
646.35 Continuation of coverage.
646.60 Claims by security funds.
646.61 Disposal and transfer of assets.
646.73 Liquidations to which the chapter is applicable.
Ch. 646 Cross-reference
Cross-reference: See definitions in ss.
600.03 and
628.02.
Ch. 646 Note
NOTE: Chapter 109, laws of 1979, which repealed and recreated this chapter, contained notes explaining the revision.
GENERAL ORGANIZATION
646.01
646.01
Scope and purposes. 646.01(1)(a)1.
1. All kinds and lines of direct insurance, except as provided in
par. (b).
646.01(1)(a)2.
2. All insurers authorized to do business in this state except:
646.01(1)(a)2.a.
a. Fraternals that are not health maintenance organization insurers.
646.01(1)(a)2.i.
i. Service insurance corporations that offer only dental or vision care.
646.01(1)(a)2.j.
j. Nondomestic insurers that have not obtained a certificate of authority to do business in this state and that are doing business under
s. 618.41 or
618.42.
646.01(1)(b)
(b)
Exceptions. This chapter does not apply to any of the following:
646.01(1)(b)1.
1. The nonguaranteed provisions of annuities and life insurance contracts.
646.01(1)(b)3.
3. Surety bonds, fidelity bonds and any other bonding obligations.
646.01(1)(b)5.
5. Mortgage guaranty, financial guaranty and other forms of insurance offering protection against investment risks.
646.01(1)(b)8.
8. Product liability or completed operations liability insurance, and comprehensive general liability including either of these coverages, provided to a risk purchasing group or a member of a risk purchasing group.
646.01(1)(b)9.
9. Any self-funded or partially or wholly uninsured plan of an employer or other person to provide life insurance, annuity or disability benefits to its employees or members to the extent that the plan is self-funded or uninsured, including benefits payable by an employer or other person under any of the following:
646.01(1)(b)10.
10. Any liability for dividends or experience rating credits payable after the date of entry of the order of liquidation under an insurance or annuity contract, and any fees or allowances due any person, including the policyholder, in connection with service to or administration of the contract.