AB21,1683,16 605.03 (1) (d) Term of policy. The Subject to par. (f) 1., the manager may prescribe the time periods for which coverage is to be provided.

AB21,4569 Section 4569. 605.03 (1) (f) of the statutes is created to read:

AB21,1683,21 605.03 (1) (f) Limits on issuance, renewal, and filing claims; final distribution. 1. No coverage under the property fund may be issued on or after July 1, 2015. No coverage may be renewed after December 31, 2015. No coverage may terminate later than December 31, 2016.

AB21,1683,23 2. All claims must be filed with the property fund by no later than July 1, 2017. No claim filed after July 1, 2017, will be covered by the fund.

AB21,1684,3 3. Upon the cessation of all operations of the property fund, the manager shall distribute any moneys remaining in the fund among the local governmental units that were insured under the fund on July 1, 2015.

AB21,4570 Section 4570. 605.21 (1) of the statutes is amended to read:

AB21,1684,14 605.21 (1) Placing insurance. The Subject to s. 605.03 (1) (f), the property fund shall insure property described in s. 605.02 after receipt from the clerk of the local governmental unit of a certified copy of the resolution authorizing insurance in the property fund. The clerk shall report to the manager each policy then in force upon such property, stating the property covered by the policy and the dates of issue and of expiration, the amounts and rates of insurance and the premiums. Property already insured shall become insured by the property fund as existing policies expire or are canceled. Thereafter the insurance on all property described in s. 605.02 shall be provided. Premiums shall be certified by the manager to the clerk of the appropriate unit.

AB21,4571 Section 4571. 605.23 (1) of the statutes is amended to read:

AB21,1684,21 605.23 (1) Payment for losses. The Subject to s. 605.03 (1) (f) 2., the manager shall determine within a reasonable time any loss on insured property owned by a local governmental unit or for which the unit is liable and promptly certify the amount to the department of administration, which shall issue a warrant on the property fund payable to the treasurer of the local governmental unit for the amount of the loss less any applicable amounts under s. 605.03 (2) or (3).

AB21,4572 Section 4572. 605.35 of the statutes is repealed.

AB21,4573 Section 4573. 610.70 (1) (a) of the statutes is amended to read:

AB21,1685,2 610.70 (1) (a) "Health care provider" means any person licensed, registered, permitted or certified by the department of health services or the department of safety and professional services financial institutions and professional standards to provide health care services, items or supplies in this state.

AB21,4574 Section 4574. 610.70 (1) (e) of the statutes is amended to read:

AB21,1685,11 610.70 (1) (e) "Medical care institution" means a facility, as defined in s. 647.01 (4), or any hospital, nursing home, community-based residential facility, county home, county infirmary, county hospital, county mental health center, adult family home, assisted living facility, rural medical center, hospice or other place licensed, certified or approved by the department of health services under s. 49.70, 49.71, 49.72, 50.02, 50.03, 50.032, 50.033, 50.034, 50.35, 50.52, 50.90, 51.04, 51.08, or 51.09 or a facility under s. 45.50, 51.05, 51.06, or 252.10 or under ch. 36 or 233, or licensed or certified by a county department under s. 50.032 or 50.033.

AB21,4575 Section 4575. 611.29 (1) of the statutes is amended to read:

AB21,1685,20 611.29 (1) Right to amend articles. A stock corporation may amend its articles under ss. 180.0726, 180.1001 to 180.1007, 180.1706, 180.1707 and 180.1708 (4) and a mutual may amend its articles under ss. 181.1001, 181.1002 (1), 181.1003, 181.1005 and 181.1006, except that papers required by those sections to be filed with the department of financial institutions and professional standards shall instead be filed with the commissioner. Subject to sub. (3), the stock corporation or mutual may amend its articles in any desired respect including substantial changes of its original purposes. No amendment may be made contrary to s. 611.12 (1) to (3).

AB21,4576 Section 4576. 611.72 (1) of the statutes is amended to read:

AB21,1686,2 611.72 (1) General. Subject to this section, ss. 180.1101, 180.1103 to 180.1106, 180.1706, 180.1707, and 180.1708 (5) apply to the merger of a domestic stock insurance corporation or its parent insurance holding corporation, except that papers required by those sections to be filed with the department of financial institutions and professional standards shall instead be filed with the commissioner.

AB21,4577 Section 4577. 611.73 (1) (a) of the statutes is amended to read:

AB21,1686,7 611.73 (1) (a) In general. Any 2 or more domestic mutuals may merge under the procedures of this section and ss. 181.1105 and 181.1106, except that papers required by those sections to be filed with the department of financial institutions and professional standards shall instead be filed with the commissioner.

AB21,4578 Section 4578. 611.74 (1) of the statutes is amended to read:

AB21,1686,23 611.74 (1) Plan of dissolution. At least 60 days prior to the submission to shareholders or policyholders of any proposed voluntary dissolution of an insurance corporation under s. 180.1402 or 181.1401 the plan shall be filed with the commissioner. The commissioner may require the submission of additional information to establish the financial condition of the corporation or other facts relevant to the proposed dissolution. If the shareholders or policyholders adopt the resolution to dissolve, the commissioner shall, within 30 days after the adoption of the resolution, begin to examine the corporation. The commissioner shall approve the dissolution unless, after a hearing, the commissioner finds that it is insolvent or may become insolvent in the process of dissolution. Subject to chs. 600 to 645, upon approval, the corporation may dissolve under ss. 180.1402 to 180.1408 and 180.1706, or ss. 181.1401 to 181.1407, except that papers required by those sections to be filed with the department of financial institutions and professional standards shall instead be filed with the commissioner. Upon disapproval, the commissioner shall petition the court for liquidation or for rehabilitation under ch. 645.

AB21,4579 Section 4579. 611.76 (11) of the statutes is amended to read:

AB21,1687,4 611.76 (11) Security regulation. The filing with the division of securities department of financial institutions and professional standards of a certified copy of the plan of conversion as approved by the commissioner constitutes registration under s. 551.305 of the securities authorized to be issued thereunder.

AB21,4580 Section 4580. 613.01 (8) (title) of the statutes is amended to read:

AB21,1687,7 613.01 (8) (title) Department of financial institutions and professional standards.

AB21,4581 Section 4581. 616.09 (1) (c) 2. of the statutes is amended to read:

AB21,1687,13 616.09 (1) (c) 2. In all actions commenced after May 11, 1980, but before the effective date of this subdivision .... [LRB inserts date], in those provisions of ch. 185 which apply under subd. 1. to plans authorized under s. 616.06, "department" shall be deemed to read "department of financial institutions and commissioner", except in s. 185.48, where "department" shall be deemed to read "commissioner".

AB21,4582 Section 4582. 616.09 (1) (c) 3. of the statutes is created to read: