Ins 50.50   Examinations.
Ins 50.55   Examination of foreign and alien insurers.
Subchapter IV — Actuarial Opinion
Ins 50.60   Definitions.
Ins 50.65   Actuarial opinion required.
Ins 50.67   Reserves.
Ins 50.68   Reliance on actuary opinion.
Subchapter V — Actuarial Opinion and Memorandum Regulation
Ins 50.70   Purpose.
Ins 50.71   Authority.
Ins 50.72   Scope.
Ins 50.73   Definitions.
Ins 50.75   General requirements.
Ins 50.76   Required opinions.
Ins 50.78   Statement of actuarial opinion based on an asset adequacy analysis.
Ins 50.79   Description of the actuarial memorandum including an asset adequacy analysis and regulatory asset adequacy issues summary.
Subchapter VI — Risk Retention and Purchasing Groups
Ins 50.85   Risk retention groups and risk purchasing groups.
Ch. Ins 50 NoteNote: Chapter Ins 50 was created as an emergency rule effective March 12, 1993.
subch. I of ch. Ins 50Subchapter I — Annual Audited Financial Reports
Ins 50.01Ins 50.01Definitions. In this chapter:
Ins 50.01(1)(1)“Alien insurer” has the meaning provided under s. 600.03 (2), Stats.
Ins 50.01(1g)(1g)“Affiliate” of, or person “affiliated” with, a specific person means a person that directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified.
Ins 50.01(1r)(1r)“Audit committee” means a committee or equivalent body established by the board of directors of an entity for the purpose of overseeing the accounting and financial reporting processes of an insurer or group of insurers, the internal audit function of an insurer or group of insurers, and audits of financial statements of the insurer or group of insurers. The audit committee of any entity that controls a group of insurers may be deemed to be the audit committee for one or more of the controlled insurers solely for the purposes of this chapter at the election of the controlling person under s. Ins 50.15 (6). If an audit committee is not designated by the insurer, the insurer’s entire board of directors shall constitute the audit committee.
Ins 50.01(2)(2)“Audited financial report” means a financial report prepared and conforming to s. Ins 50.06.
Ins 50.01(3)(3)“Executive officer” means any individual charged with the active management and control in an executive capacity of a person, whether incorporated or unincorporated and includes, but is not limited to, a chair of the board, president, vice president, treasurer, secretary, controller, and any individuals performing similar functions.
Ins 50.01(4)(4)“Foreign insurer” has the meaning provided under s. 600.03 (20), Stats.
Ins 50.01(4g)(4g)“Group of insurers” means those licensed insurers included in the reporting requirements of ch. 617, Stats., or a set of insurers identified by the insurers’ management or controlling person for the purpose of assessing the effectiveness of internal control over financial reporting.