Chapter 613, SERVICE INSURANCE CORPORATIONS

41 sections in this chapter.

41 sectionsFiltered byCh 613

Wis. Stat. § 613.01 Definitions
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613.01 Definitions. In this chapter, unless the context requires otherwise: (1) ARTICLES OF INCORPORATION. “Articles of incorporation” has the meaning designated under s. 181.0103 (1). (2) BOARD OF DIRECTORS. “Board of directors” has the meaning designated for “board” under s. 18…
Wis. Stat. § 613.02 Scope and purposes
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613.02 Scope and purposes. (1) SCOPE. This chapter applies only to corporations incorporated under the laws of this state. Corporations not incorporated under the laws of this state may not do business in this state under this chapter. (2) PURPOSES. The purposes of this chapter a…
Wis. Stat. § 613.03 Applicability of other laws to service insurance corporations
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613.03 Applicability of other laws to service insurance corporations. (1) CHAPTER 181 GENERALLY INAPPLICABLE TO SERVICE INSURANCE CORPORATIONS. Chapter 181 does not apply to service insurance corporations except as specifically made applicable by this chapter. (2) INSURANCE CORPO…
Wis. Stat. § 613.04 Orders imposing and eliminating restrictions
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613.04 Orders imposing and eliminating restrictions. (1) ORDERS IMPOSING RESTRICTIONS. The commissioner may subject an individual corporation not otherwise subject thereto to some or all of the restrictions of ss. 613.28, 613.33 (1) (a) and (b) and 611.54 (1) (b) as incorporated …
Wis. Stat. § 613.07 General corporate powers and procedures
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613.07 General corporate powers and procedures. (1) POWERS. Service insurance corporations have the powers specified under s. 181.0302. (2) EFFECT OF UNAUTHORIZED CORPORATE ACTS. Section 181.0304 applies to service insurance corporations. (4) WAIVER OF NOTICE AND INFORMAL ACTION …
Wis. Stat. § 613.10 Reserved and registered names
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613.10 Reserved and registered names. A service insurance corporation may reserve or register a corporate name as provided in ss. 181.0402 and 181.0403 (2), (3) and (3m). History: 1975 c. 223; 1997 a. 79.
Wis. Stat. § 613.11 Incorporators
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613.11 Incorporators. Any number of corporate or adult natural persons may organize a service insurance corporation under s. 613.13. History: 1975 c. 223.
Wis. Stat. § 613.12 Articles and bylaws
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613.12 Articles and bylaws. (1) CONTENTS OF ARTICLES. The articles of a service insurance corporation shall conform to s. 181.0202, except that: (a) The name of the corporation shall include descriptive terms to indicate the general nature of the services or care to be provided, …
Wis. Stat. § 613.13 Certificate of incorporation and authority
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613.13 Certificate of incorporation and authority. (1) APPLICATION. The application for a certificate of incorporation and authority shall be signed and acknowledged by or on behalf of each incorporator, and shall include or have attached: (a) The names, and for the preceding 10 …
Wis. Stat. § 613.19 Financial and contractual resources
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613.19 Financial and contractual resources. 613.19(1)(1) Minimum permanent surplus. The commissioner may by rule establish the minimum permanent surplus for a corporation organized under this chapter. In the absence of such a rule, the minimum permanent surplus shall be $2,000,00…
Wis. Stat. § 613.20 Alteration of certificate of authority
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613.20 Alteration of certificate of authority. (1) UPON APPLICATION. A service insurance corporation may at any time apply to the commissioner for a new or amended certificate of authority, removing, altering or adding limits on its business or methods of operation. The applicati…
Wis. Stat. § 613.24 Segregated asset and special accounts
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613.24 Segregated asset and special accounts. Service insurance corporations are subject to ss. 611.24 and 611.25. History: 1975 c. 223.
Wis. Stat. § 613.26 Subsidiaries
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613.26 Subsidiaries. Service insurance corporations may act under s. 611.26. History: 1975 c. 223.
Wis. Stat. § 613.28 Changes in business plan
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613.28 Changes in business plan. Service insurance corporations are subject to s. 611.28. History: 1975 c. 223.
Wis. Stat. § 613.29 Amendment of articles
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613.29 Amendment of articles. (1) RIGHT TO AMEND ARTICLES. A service insurance corporation may amend its articles under ss. 181.1001 to 181.1007 in any desired respect including substantial changes of its original purposes not inconsistent with this chapter. No amendment may be m…
Wis. Stat. § 613.31 Securities regulation
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613.31 Securities regulation. (1) REGISTRATION. No securities issued by a service insurance corporation may be sold by or for the corporation unless they are registered or exempt from registration under ch. 551. (2) APPROVAL BY COMMISSIONER. Securities of a service insurance corp…
Wis. Stat. § 613.33 Authorized securities
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613.33 Authorized securities. 613.33(1)(1) Service insurance corporation bonds. The articles of a service insurance corporation may authorize service insurance corporation bonds of one or more classes and shall specify the amount of each class of bonds the corporation is authoriz…
Wis. Stat. § 613.40 Members and meetings
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613.40 Members and meetings. In a service insurance corporation that has members: (1) MEETINGS OF MEMBERS. Sections 181.0160, 181.0701, 181.0702 and 181.0705 apply to service insurance corporations. (2) VOTING AND QUORUM. Sections 181.0721, 181.0723 and 181.0724 apply to service …
Wis. Stat. § 613.41 Communications to members or policyholders and attendance at meetings
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613.41 Communications to members or policyholders and attendance at meetings. (1) COPIES OF COMMUNICATIONS. The commissioner may by rule prescribe that copies of specified classes of communications circulated generally by a corporation to members or policyholders shall be communi…
Wis. Stat. § 613.51 Board of directors
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613.51 Board of directors. (1) GENERAL. The affairs of a corporation shall be managed by a board of directors. Directors need not be residents of this state or members of the corporation unless the articles of incorporation or bylaws so require. The articles of incorporation or b…
Wis. Stat. § 613.52 Officers
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613.52 Officers. (1) GENERAL. Sections 181.0840 and 181.0841 apply to service insurance corporations, as modified by s. 613.12 (3). (2) REMOVAL. Sections 181.0843 and 181.0844 apply to service insurance corporations. History: 1975 c. 223; 1997 a. 79.
Wis. Stat. § 613.53 Policyholder or public members of board of directors
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613.53 Policyholder or public members of board of directors. The articles may provide that any number of the directors shall be chosen from among the policyholders, the general public or both, under a plan designed to assure independent directors truly representing the interests …
Wis. Stat. § 613.54 Supervision of management changes
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613.54 Supervision of management changes. Section 611.54 applies to service insurance corporations. History: 1975 c. 223.
Wis. Stat. § 613.55 Continuity of management in emergencies
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613.55 Continuity of management in emergencies. Section 611.55 applies to service insurance corporations. History: 1975 c. 223.
Wis. Stat. § 613.56 Committees of directors
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613.56 Committees of directors. (1) APPOINTMENT. If the articles or bylaws of a corporation so provide, the board by resolution adopted by a majority of the full board may designate one or more committees, each consisting of 3 or more directors serving thereon at the pleasure of …
Wis. Stat. § 613.57 Interlocking directorates and other relationships
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613.57 Interlocking directorates and other relationships. Section 611.57 applies to service insurance corporations. History: 1975 c. 223.
Wis. Stat. § 613.58 Policyholders’ committee
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613.58 Policyholders’ committee. A service insurance corporation’s articles or bylaws may provide for a policyholders’ committee, to be selected in a manner that will make its membership representative of the interests of policyholders. The policyholders’ committee shall at the c…
Wis. Stat. § 613.60 Transactions with affiliates in which directors and others are interested
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613.60 Transactions with affiliates in which directors and others are interested. Sections 611.60 and 611.61 apply to service insurance corporations. History: 1975 c. 223; 1979 c. 102.
Wis. Stat. § 613.62 Directors’ and officers’ liability and indemnification
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613.62 Directors’ and officers’ liability and indemnification. (1) LIABILITY. Sections 181.0833 and 181.0850 to 181.0855 apply to service insurance corporations. (2) INDEMNIFICATION. Sections 181.0871 to 181.0881 apply to service insurance corporations but no indemnification may …
Wis. Stat. § 613.63 Executive compensation
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613.63 Executive compensation. (1) ESTABLISHMENT OF COMPENSATION. Section 181.0302 (11) to (14) applies to service insurance corporations, except as modified by ss. 613.60 and sub. (2). (2) RESTRICTIONS. Subchapter XIII of ch. 181 and s. 611.63 (3) to (6) apply to service insuran…
Wis. Stat. § 613.66 Exclusive agency contracts
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613.66 Exclusive agency contracts. (1) GENERAL. Except under sub. (2), no service insurance corporation may enter into any contract whereby any person is granted the exclusive right or privilege of soliciting, producing or receiving a fee or commission on all or substantially all…
Wis. Stat. § 613.67 Management contracts
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613.67 Management contracts. Section 611.67 applies to service insurance corporations. History: 1975 c. 223.
Wis. Stat. § 613.69 Distributions
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613.69 Distributions. (1) GENERAL. Subchapter XIII of ch. 181 applies to service insurance corporations. (2) NOTICE TO COMMISSIONER. No payments, other than the contractual compensation for services rendered to policyholders or payments to policyholders, officers and employees in…
Wis. Stat. § 613.72 Merger of service insurance corporations
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613.72 Merger of service insurance corporations. (1) AUTHORIZATION. Any 2 or more domestic service insurance corporations may merge, if they provide services of the same or a related nature, or if the services complement one another or there are other reasons that make it reasona…
Wis. Stat. § 613.74 Voluntary dissolution of solvent service insurance corporations
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613.74 Voluntary dissolution of solvent service insurance corporations. (1) GENERAL. Sections 181.1401 to 181.1407 apply to service insurance corporations, except as provided in subs. (2) to (4). (2) PLAN OF DISSOLUTION. At least 60 days prior to the submission to a vote of the m…
Wis. Stat. § 613.75 Conversion of a service insurance corporation into a stock or mutual insurance corporation
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613.75 Conversion of a service insurance corporation into a stock or mutual insurance corporation. (1) AUTHORIZATION. Any service insurance corporation may be converted into a stock insurance corporation under ch. 611 upon complying with sub. (2) and as much of s. 611.76 as is ap…
Wis. Stat. § 613.76 Conversion of a cooperative association into a service insurance corporation
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613.76 Conversion of a cooperative association into a service insurance corporation. (1) AUTHORIZATION. A cooperative association organized under s. 185.981 may be converted into a service insurance corporation under this chapter as provided in this section. (2) ACTION BY BOARD. …
Wis. Stat. § 613.78 Transfer of business or assets
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613.78 Transfer of business or assets. (1) GENERAL. Sections 181.1201 and 181.1202 apply to service insurance corporations except as modified by subs. (2) and (3). (2) REPORT TO COMMISSIONER. Any action by which a service insurance corporation proposes to transfer to another pers…
Wis. Stat. § 613.80 Hospital service insurance corporations
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613.80 Hospital service insurance corporations. (1) STATEMENT OF PURPOSE. This subsection is a guide to the interpretation and application of sub. (2). Payment for adequate health care services is a problem of great social importance, with many ramifications. New and better metho…
Wis. Stat. § 613.90 Vicarious liability
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613.90 Vicarious liability. No member of or other provider for a service insurance corporation is liable, solely by virtue of a relationship with the corporation or of the providers’ contract, for any act, omission or default of the corporation or of any other member of or provid…
Wis. Stat. § 613.92 Administrative agent
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613.92 Administrative agent. Service insurance corporations organized pursuant to the authorization under ss. 148.03, 447.13 and 613.80 may act as administrative agent for a government instrumentality performing an insurance, public assistance or related function. History: 1975 c…