Chapter 614 — INSURANCE — FRATERNALS
44 sections in this chapter.
Wis. Stat. § 614.01 Definitions
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614.01 Definitions. (1) In this chapter: (a) A “fraternal”, also called a “fraternal benefit society” or “mutual benefit society” is a corporation organized or operating under this chapter that: 1. Has no capital stock; 2. Exists solely for: a. The benefit of its members and thei…
Wis. Stat. § 614.02 Scope and purposes
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614.02 Scope and purposes. (1) SCOPE. (a) Domestic fraternals. This chapter applies to all fraternals organized under the laws of this state. (b) Nondomestic fraternals. Except as expressly provided in this chapter and in s. 618.26, this chapter does not apply to nondomestic frat…
Wis. Stat. § 614.03 Orders imposing and relaxing restrictions
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614.03 Orders imposing and relaxing restrictions. (1) IMPOSING RESTRICTIONS. The commissioner may subject any May 22, 2026, are designated by NOTES. (Published 5-22-26) 614.03 Updated 23-24 Wis. Stats. INSURANCE — FRATERNALS fraternal not otherwise subject thereto to some or all …
Wis. Stat. § 614.05 Applicability of other insurance laws to fraternals
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614.05 Applicability of other insurance laws to fraternals. (1) CHAPTERS 611 AND 619. No section of ch. 611 or 619 applies to fraternals unless it is specifically made applicable by this chapter. (2) APPLICABLE PORTIONS. Each other section of chs. 600 to 646 that applies to mutua…
Wis. Stat. § 614.07 General corporate powers and procedures
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614.07 General corporate powers and procedures. (1) POWERS. Section 181.0302 applies to fraternals. (2) EFFECT OF UNAUTHORIZED CORPORATE ACTS. Section 181.0304 (1) and (2) applies to fraternals. (4) WAIVER OF NOTICE AND INFORMAL ACTION. Sections 181.0704, 181.0706, 181.0821 and 1…
Wis. Stat. § 614.09 Reservation of corporate name
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614.09 Reservation of corporate name. Sections 181.0402 and 181.0403 (2), (3) and (3m) apply to fraternals, except that “department” shall be read “commissioner”. History: 1975 c. 373; 1995 a. 27; 1997 a. 79.
Wis. Stat. § 614.10 Members and applicants in fraternals
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614.10 Members and applicants in fraternals. (1) MEMBERSHIP. A fraternal may admit any natural person to membership under such conditions and for such insurance and other benefits as its laws prescribe, subject to this chapter and other applicable laws. Members not having insuran…
Wis. Stat. § 614.11 Incorporators
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614.11 Incorporators. Any number of corporate or adult natural persons may organize a fraternal under this chapter. History: 1975 c. 373.
Wis. Stat. § 614.12 Articles of incorporation and bylaws
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614.12 Articles of incorporation and bylaws. (1) ARTICLES. The articles of incorporation shall set forth: (a) The name of the corporation, which shall include the word “fraternal” or words of equivalent meaning if the corporation was organized after June 19, 1976. (b) The locatio…
Wis. Stat. § 614.13 Organization permit and certificate of incorporation
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614.13 Organization permit and certificate of incorporation. (1) Section 611.13 applies to fraternals except that the May 22, 2026, are designated by NOTES. (Published 5-22-26) 3 Updated 23-24 Wis. Stats. word “mutual” shall be read “fraternal” and “s. 611.19” in s. 611.13 (4) sh…
Wis. Stat. § 614.14 Powers under organization permit and deposit of proceeds of subscriptions
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614.14 Powers under organization permit and deposit of proceeds of subscriptions. Sections 611.14 (2) and 611.15 apply to fraternals, except that the word “mutual” shall be read “fraternal” and except that there are no qualifying insurance policies as referred to in s. 611.14 (2)…
Wis. Stat. § 614.16 Termination of organization permit and payment of organization expenses
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614.16 Termination of organization permit and payment of organization expenses. Section 611.16 (1), (2), (3) (a) and (b) and (4) applies to fraternals, except that the word “mutual” shall be read “fraternal” and “s. 611.20” shall be read “s. 614.20”. History: 1975 c. 373; 1983 a.…
Wis. Stat. § 614.18 Incorporators’ liability and organization expenses
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614.18 Incorporators’ liability and organization expenses. Section 611.18 (1) and (2) (b) applies to fraternals, except that the word “mutual” shall be read “fraternal”. History: 1975 c. 373. 614.19 Initial surplus requirements. (1) MINIMUM PERMANENT SURPLUS. The commissioner may…
Wis. Stat. § 614.19 Initial surplus requirements
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614.19 (3) and 632.93 (2) only to the extent necessary to obtain the federal security exchange commission’s approval of the policy, certificate of insurance or contract. (2) SPECIAL AFFILIATES. (a) Local lodges. A local lodge may incorporate under ch. 181 or the corresponding law…
Wis. Stat. § 614.20 Certificate of authority
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614.20 Certificate of authority. Section 611.20 applies to fraternals, except that references to other sections in ch. 611 shall be read to refer to the corresponding sections in this chapter. History: 1975 c. 373; 1981 c. 390 s. 252.
Wis. Stat. § 614.22 Accelerated organization procedure
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614.22 Accelerated organization procedure. Section 611.22 applies to fraternals, except that the word “mutual” shall be read “fraternal”. History: 1975 c. 373.
Wis. Stat. § 614.24 Segregated accounts, variable benefits and subsidiaries
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614.24 Segregated accounts, variable benefits and subsidiaries. (1) GENERAL. Sections 611.24 to 611.26 apply to fraternals. (1m) VARIABLE BENEFITS. (a) Exemption to obtain federal approval. The commissioner shall issue a waiver exempting a policy, certificate of insurance or cont…
Wis. Stat. § 614.28 Changes in business plan
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614.28 Changes in business plan. Section 611.28 applies to fraternals. History: 1975 c. 373.
Wis. Stat. § 614.29 Amendment of articles of incorporation
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614.29 Amendment of articles of incorporation. (1) RIGHT TO AMEND ARTICLES. The articles of a fraternal may provide for amendment by the supreme governing body or by the board of directors, and may provide also for amendment by the members by referendum. If amendment is by refere…
Wis. Stat. § 614.31 Securities regulation
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614.31 Securities regulation. Section 611.31 applies to fraternal bonds but does not apply to contribution notes, as they are defined in s. 611.33 as incorporated by s. 614.33. History: 1975 c. 373.
Wis. Stat. § 614.33 Authorized securities
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614.33 Authorized securities. Section 611.33 (2) applies to fraternals, except that the words “mutual” and “nonassessable mutual” shall be read “fraternal”. History: 1975 c. 373. SUBCHAPTER IV MANAGEMENT OF FRATERNALS 614.41 Communications to members. (1) OFFICIAL PUBLICATIONS. A…
Wis. Stat. § 614.41 Communications to members
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614.41 (1). History: 1975 c. 373; 1979 c. 102; 2009 a. 342. SUBCHAPTER III SECURITIES OF FRATERNALS
Wis. Stat. § 614.42 Representative form of government
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614.42 Representative form of government. (1) SUPREME GOVERNING BODY. The fraternal shall have a supreme governing body consisting either of: (a) Board of directors. A board with some directors elected directly by the members or by their representatives in intermediate assemblies…
Wis. Stat. § 614.43 Annual report to fraternal members
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614.43 Annual report to fraternal members. Every domestic fraternal shall send to each member having insurance or publish in the official publication under s. 614.41 (1) an annual report which shall contain basic financial and operating data, information about important business …
Wis. Stat. § 614.51 Board of directors
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614.51 Board of directors. (1) GENERAL. Sections 181.0801 (1) and (2) and 181.0802 apply to fraternals, except that the supreme governing body may act as the board of directors if it meets at least quarterly. Section 611.51 (2) to (9) applies to fraternals, except that the word “…
Wis. Stat. § 614.53 Removal of directors and officers and filling of vacancies
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614.53 Removal of directors and officers and filling of vacancies. A director may be removed from office for cause by an affirmative vote of a majority of the full board at a meeting of the board called for that purpose or may be removed under ss. 181.0843 (2) and 181.0844. Any v…
Wis. Stat. § 614.54 Supervision of management changes
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614.54 Supervision of management changes. Section 611.54 applies to fraternals. History: 1975 c. 373.
Wis. Stat. § 614.55 Continuity of management in emergencies
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614.55 Continuity of management in emergencies. Section 611.55 applies to fraternals. History: 1975 c. 373.
Wis. Stat. § 614.56 Committees of directors
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614.56 Committees of directors. Section 611.56 applies to fraternals, except that reference therein to other sections of ch. 611 shall be to the corresponding sections of this chapter. History: 1975 c. 373.
Wis. Stat. § 614.57 Interlocking directorates and other relationships
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614.57 Interlocking directorates and other relationships. Section 611.57 applies to fraternals. History: 1975 c. 373.
Wis. Stat. § 614.60 Transactions with affiliates and in which directors and others are interested
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614.60 Transactions with affiliates and in which directors and others are interested. Sections 611.60 and 611.61 apply to fraternals except that local lodges are not required to keep detailed records under s. 611.61 (1) (b) if the fraternal does so. History: 1975 c. 373; 1979 c. …
Wis. Stat. § 614.62 Directors’ liability and indemnification
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614.62 Directors’ liability and indemnification. Section 611.62 applies to fraternals, except that the word “mutual” shall be read “fraternal”. INSURANCE — FRATERNALS 614.76 sioner but no earlier than the December 31 of the year preceding the proposed contract, and evidence of co…
Wis. Stat. § 614.63 Executive compensation
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614.63 Executive compensation. Section 611.63 applies to fraternals, except that the word “mutual” shall be read “fraternal”. History: 1975 c. 373.
Wis. Stat. § 614.66 Exclusive agency contracts and management contracts
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614.66 Exclusive agency contracts and management contracts. Sections 611.66 and 611.67 apply to fraternals, except that the reference to s. 611.26 (1) contained in s. 611.66 is to that section as incorporated by s. 614.24. History: 1975 c. 373; 1997 a. 252. SUBCHAPTER V CORPORATE…
Wis. Stat. § 614.73 Merger and consolidation of fraternals
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614.73 Merger and consolidation of fraternals. (1) AUTHORIZATION, DOMESTIC FRATERNALS. Any 2 or more domestic fraternals may merge or consolidate under the provisions of subs. (3) and (4). (2) AUTHORIZATION, DOMESTIC AND NONDOMESTIC FRATERNALS. Any 2 or more domestic and nondomes…
Wis. Stat. § 614.74 Voluntary dissolution of solvent domestic fraternals
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614.74 Voluntary dissolution of solvent domestic fraternals. (1) PLAN OF DISSOLUTION. At least 60 days prior to the submission to the supreme governing body or the members of any proposed voluntary dissolution, the proposal shall be filed with the commissioner. The commissioner m…
Wis. Stat. § 614.76 Voluntary conversion of fraternals to mutuals
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614.76 Voluntary conversion of fraternals to mutuals. A domestic fraternal may be converted into a mutual, as follows: (1) ACTION BY BOARD OR SUPREME GOVERNING BODY. The board or the supreme governing body shall adopt a plan of conversion stating: (a) The reasons for and the purp…
Wis. Stat. § 614.77 Rehabilitation or involuntary conversion
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614.77 Rehabilitation or involuntary conversion. If the commissioner believes that a fraternal does not satisfy the requirements of this chapter, the commissioner shall call a hearing and upon a finding that the fraternal does not satisfy the requirements, the commissioner shall …
Wis. Stat. § 614.78 Maintenance of solvency
Wis. Stat. § 614.79 Rehabilitation and liquidation
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614.79 Rehabilitation and liquidation. (1) GROUNDS FOR REHABILITATION OR LIQUIDATION. In addition to the grounds for rehabilitation under s. 645.31 and the grounds for liquidation under s. 645.41, any of the following is grounds for rehabilitation under s. 645.31 or liquidation u…
Wis. Stat. § 614.80 Tax exemption
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614.80 Tax exemption. Every domestic and nondomestic fraternal, except those that offer a health maintenance organization as defined in s. 609.01 (2) or a limited service health organi- INSURANCE — FRATERNALS 614.96 zation as defined in s. 609.01 (3) is exempt from all state, cou…
Wis. Stat. § 614.82 Fraternal expenditures and activities
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614.82 Fraternal expenditures and activities. (1) REPORTS. Every fraternal shall report to the commissioner such information as the commissioner requires concerning expenditures made by the fraternal and other activities and programs of the fraternal or its members in fulfillment…
Wis. Stat. § 614.94 Fraternals as fundholders
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614.94 Fraternals as fundholders. Sections 610.24 and 611.94 apply to fraternals. History: 1975 c. 373; 1979 c. 102.
Wis. Stat. § 614.96 Exemption of fraternal benefits
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614.96 Exemption of fraternal benefits. No money or other benefit, charity, relief or aid to be paid, provided or rendered by any domestic or nondomestic fraternal is liable to attachment, garnishment or other process, or to be seized, taken, appropriated or applied by any legal …