Chapter 620, INSURANCE — INVESTMENTS
12 sections in this chapter.
Wis. Stat. § 620.01 Purpose and scope
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620.01 Purpose and scope. (1) INVESTMENT OBJECTIVES. The purpose of this chapter is to protect and to further the interests of insureds, creditors and the public, by providing, with minimum interference with management initiative and judgment, standards for the development and ad…
Wis. Stat. § 620.02 Segregated account investments
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620.02 Segregated account investments. (1) GENERAL. Each segregated or separate account established under s. 611.24 or 611.25 shall be evaluated separately to determine compliance with this chapter. (2) VARIABLE BENEFIT SEPARATE ACCOUNTS. (a) General. The amounts allocated to eac…
Wis. Stat. § 620.03 Special investment restrictions
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620.03 Special investment restrictions. (1) SPECIAL RESTRICTIONS FOR NEW INSURERS. For the first 5 years after obtaining a certificate of authority in this state, an insurer shall be subject to the following restrictions: (a) Procedural requirements. The commissioner may by rule …
Wis. Stat. § 620.04 Specific orders
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620.04 Specific orders. (1) ADDITIONAL RESTRICTIONS. If the commissioner finds that by reason of investment conditions generally or of the financial condition or current investment practice of an individual insurer, the interests of insureds, creditors, or the public are or may b…
Wis. Stat. § 620.05 Protection against currency fluctuations
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620.05 Protection against currency fluctuations. Any insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of such currencies in an amount that independently of all other investments meets the requirements of …
Wis. Stat. § 620.12 Disposal of prohibited assets
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620.12 Disposal of prohibited assets. 620.12(1)(1) Investments becoming illegal. The commissioner shall allow a reasonable time not longer than 10 years for disposal of any investment legally held on April 30, 1972, or of any investment legal when made but subsequently becoming i…
Wis. Stat. § 620.21 Effect of investment restrictions
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620.21 Effect of investment restrictions. (1) GENERAL. Assets may be counted toward satisfaction of the compulsory surplus requirement or the security surplus standard only so far as they are invested in compliance with this chapter and applicable rules promulgated by the commiss…
Wis. Stat. § 620.22 Permitted classes of investments
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620.22 Permitted classes of investments. Any of the following classes of investments may be counted for the purposes specified in s. 620.21, whether the investments are made by the insurer alone or as a participant in a partnership or joint venture: (1) Bonds or other evidences o…
Wis. Stat. § 620.23 Limitations generally applicable
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620.23 Limitations generally applicable. (1) CLASS LIMITATIONS. For the purposes of s. 620.21, the following limitations on classes of investments apply: (a) Investments authorized by s. 620.22 (1) which are not amortizable under applicable valuation rules, 5 percent of assets; (…
Wis. Stat. § 620.25 Relationship to other statutes
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620.25 Relationship to other statutes. (1) This chapter shall prevail over any other statute purporting to authorize an insurer to make a particular investment if the other statute was enacted before May 13, 1980, and shall prevail over any statute enacted thereafter unless the l…
Wis. Stat. § 620.31 Valuation of assets
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620.31 Valuation of assets. For the purposes of this chapter, except as otherwise provided by chs. 600 to 646, all assets shall be valued as they are valued for purposes of the financial statements submitted under s. 601.42 (1g) (a), less the amount of any investment fluctuation …
Wis. Stat. § 620.32 Investment valuation reserves
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620.32 Investment valuation reserves. (1) GENERAL. The commissioner may by rule, applicable to all or specified classes of insurers, provide for the establishment in reasonable amounts of investment valuation reserves that are necessary and appropriate to lessen the impact on sur…