CHAPTER 613
SERVICE INSURANCE CORPORATIONS
SUBCHAPTER I
GENERAL PROVISIONS
613.02 Scope and purposes.
613.03 Applicability of other laws to service insurance corporations.
613.04 Orders imposing and eliminating restrictions.
613.07 General corporate powers and procedures.
SUBCHAPTER II
ORGANIZATION OF CORPORATIONS
613.10 Reserved and registered names.
613.12 Articles and bylaws.
613.13 Certificate of incorporation and authority.
613.19 Financial and contractual resources.
613.20 Alteration of certificate of authority.
613.24 Segregated asset and special accounts.
613.28 Changes in business plan.
613.29 Amendment of articles.
SUBCHAPTER III
SECURITIES OF SERVICE INSURANCE CORPORATIONS
613.31 Securities regulation.
613.33 Authorized securities.
SUBCHAPTER IV
MANAGEMENT OF CORPORATIONS
613.40 Members and meetings.
613.41 Communications to members or policyholders and attendance at meetings.
613.51 Board of directors.
613.53 Policyholder or public members of board of directors.
613.54 Supervision of management changes.
613.55 Continuity of management in emergencies.
613.56 Committees of directors.
613.57 Interlocking directorates and other relationships.
613.58 Policyholders' committee.
613.60 Transactions with affiliates in which directors and others are interested.
613.62 Directors' and officers' liability and indemnification.
613.63 Executive compensation.
613.66 Exclusive agency contracts.
613.67 Management contracts.
SUBCHAPTER V
REORGANIZATION OF CORPORATIONS
613.72 Merger of service insurance corporations.
613.74 Voluntary dissolution of solvent service insurance corporations.
613.75 Conversion of a service insurance corporation into a stock or mutual insurance corporation.
613.78 Transfer of business or assets.
SUBCHAPTER VI
SUPPLEMENTARY PROVISIONS
613.80 Hospital service insurance corporations.
613.90 Vicarious liability.
613.92 Administrative agent.
Ch. 613 Cross-reference
Cross-reference: See definitions in ss.
600.03,
610.01 and
628.02.
GENERAL PROVISIONS
613.01
613.01
Definitions. In this chapter, unless the context requires otherwise:
613.01(1)
(1) Articles of incorporation. “Articles of incorporation" has the meaning designated under s.
181.0103 (1).
613.01(2)
(2) Board of directors. “Board of directors" has the meaning designated for “board" under s.
181.0103 (2).
613.01(4)
(4) Director. “Director" includes “trustee".
613.01(4m)
(4m) Insurer. In any provision of the statutes made applicable to service insurance corporations by this chapter, “insurer" includes service insurance corporations, and the technical terms used in those statutes shall be applicable to service insurance corporations despite the customary use of other parallel terms by service insurance corporations.
613.01(5)
(5) Nonprofit corporation. “Nonprofit corporation" has the meaning designated under s.
181.0103 (17).
613.01(7)
(7) Officer. “Officer" does not include “director".
613.01(8)
(8) Department of financial institutions. In any provision of ch.
180 or
181 made applicable to service insurance corporations in this chapter, “department" means commissioner of insurance.
613.02
613.02
Scope and purposes. 613.02(1)(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.
613.02(2)
(2) Purposes. The purposes of this chapter are:
613.02(2)(a)
(a) To create an effective and flexible legal framework within which insured service benefits may be provided with adequate protection to consumers;
613.02(2)(b)
(b) To encourage innovation in insurance organization and marketing and the development of more economical and effective ways of providing services or combinations of indemnity and services;
613.02(2)(c)
(c) To meet the special needs of service insurance corporations consistent so far as possible with the general framework of the corporation law of insurance; and
613.02(2)(d)
(d) To ease the burden of payment for health care and other essential services by providing a method for creating alternative vehicles for providing them.
