Chapter 645, INSURERS REHABILITATION AND LIQUIDATION
67 sections in this chapter.
Wis. Stat. § 645.71 Liquidator’s recommendations to the court
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645.71 Liquidator’s recommendations to the court. (1) RECOMMENDED CLAIMS. The liquidator shall review all claims duly filed in the liquidation and shall make all further investigation deemed necessary by the liquidator. The liquidator may compound, compromise or in any other mann…
Wis. Stat. § 645.72 Distribution of assets
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645.72 Distribution of assets. (1) PAYMENTS TO CREDITORS. Subject to ch. 646 and under the direction of the court, the liquidator shall pay dividends as promptly as possible to security funds under sub. (2) and to other creditors in a manner that will assure the proper recognitio…
Wis. Stat. § 645.73 Unclaimed and withheld funds
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645.73 Unclaimed and withheld funds. (1) UNCLAIMED FUNDS. The liquidator, as provided in ch. 177, shall report and deliver to the secretary of revenue all unclaimed funds subject to distribution remaining in the liquidator’s hands when he or she is ready to apply to the court for…
Wis. Stat. § 645.74 Termination of proceedings
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645.74 Termination of proceedings. (1) LIQUIDATOR’S APPLICATION. When all assets justifying the expense of collection and distribution have been collected and distributed under this chapter, the liquidator shall apply to the court for discharge. The court may grant the discharge …
Wis. Stat. § 645.75 Reopening liquidation
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645.75 Reopening liquidation. After the liquidation proceeding has been terminated and the liquidator discharged, the commissioner or other interested party may at any time petition the court to reopen the proceedings for good cause, including the discovery of additional assets. …
Wis. Stat. § 645.76 Disposition of records during and after termination of liquidation
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645.76 Disposition of records during and after termination of liquidation. Records of any insurer in the process of liquidation or completely liquidated under this chapter shall be disposed of by the public records board in the same manner as state records under s. 16.61. History…
Wis. Stat. § 645.77 External audit of receiver’s books
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645.77 External audit of receiver’s books. The court in which the proceeding is pending may, as it deems desirable, cause audits to be made of the books of the commissioner relating to any receivership established under this chapter, and a report of each audit shall be filed with…
Wis. Stat. § 645.81 Conservation of property of foreign or alien insurers found in this state
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645.81 Conservation of property of foreign or alien insurers found in this state. (1) GROUNDS FOR PETITION. If a domiciliary liquidator has not been appointed, the commissioner may apply to the circuit court for Dane County by verified petition for an order directing him or her t…
Wis. Stat. § 645.82 Liquidation of property of foreign or alien insurers found in this state
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645.82 Liquidation of property of foreign or alien insurers found in this state. (1) GROUNDS FOR PETITION. If no domiciliary receiver has been appointed, the commissioner may apply to the circuit court for Dane County by verified petition for an order directing the commissioner t…
Wis. Stat. § 645.83 Foreign domiciliary receivers in other states
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645.83 Foreign domiciliary receivers in other states. (1) PROPERTY RIGHTS AND TITLE: RECIPROCAL STATE. The domiciliary liquidator of an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts and rights of actio…
Wis. Stat. § 645.84 Ancillary formal proceedings
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645.84 Ancillary formal proceedings. (1) APPOINTMENT OF ANCILLARY RECEIVER IN THIS STATE. If a domiciliary liquidator has been appointed for an insurer not domiciled in this state, the commissioner shall file a petition with the circuit court for Dane County requesting appointmen…
Wis. Stat. § 645.85 Ancillary summary proceedings
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645.85 Ancillary summary proceedings. The commissioner in his or her sole discretion may institute proceedings under ss. 645.21 to 645.23 at the request of the commissioner or other appropriate official of the domiciliary state of any nondomestic insurer having property located i…
Wis. Stat. § 645.86 Claims of nonresidents against insurers domiciled in this state
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645.86 Claims of nonresidents against insurers domiciled in this state. (1) FILING CLAIMS. In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states must file claims in th…
Wis. Stat. § 645.87 Claims of residents against insurers domiciled in reciprocal states
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645.87 Claims of residents against insurers domiciled in reciprocal states. (1) FILING CLAIMS. In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this state may file claims either with the …
Wis. Stat. § 645.88 Attachment, garnishment and levy of execution
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645.88 Attachment, garnishment and levy of execution. During the pendency in this or any other state of a liquidation proceeding, whether called by that name or not, no action or proceeding that is in the nature of an attachment, garnishment or levy of execution or that would int…
Wis. Stat. § 645.89 Interstate priorities
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645.89 Interstate priorities. (1) PRIORITIES. In a liquidation proceeding in this state involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents o…
Wis. Stat. § 645.90 Subordination of claims for noncooperation
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645.90 Subordination of claims for noncooperation. If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his or her control other than special deposits, dim…