611.62 Directors’ and officers’ liability and indemnification. (1) LIABILITY. Sections 180.0826 to 180.0828, 180.0832 and 180.0833 apply to stock corporations and ss. 181.0850 to 181.0855, except s. 181.0855 (2) (c), apply to mutuals. (2) INDEMNIFICATION. Sections 180.0850 to 180.0856, 180.0858 and 180.0859 apply to stock corporations and ss.
cept under sub. (2), no corporation may enter into any contract whereby any person is granted or obtains directly or indirectly the exclusive right or privilege of soliciting, producing or receiving a fee or commission on all or substantially all of the insurance business of the corporation or on all or substantially all of the insurance business of the corporation in this state. (2) SUBSIDIARIES. Subsection (1) does not apply to contracts in which a corporation is the exclusive agent of its insurance sub-
May 22, 2026, are designated by NOTES. (Published 5-22-26)
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Updated 23-24 Wis. Stats. DOMESTIC STOCK AND MUTUAL INSURANCE CORPORATIONS
sidiary authorized under s. 611.26 (1) or in which the subsidiary is the exclusive agent of the corporation. History: 1971 c. 260.