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.
613.03
613.03
Applicability of other laws to service insurance corporations. 613.03(1)(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.
613.03(2)
(2) Insurance corporation law. Whenever in this chapter a section, subsection or paragraph of ch.
611 is made applicable to service insurance corporations the application shall be of those portions of the section, subsection or paragraph of ch.
611 that apply to mutual corporations.
613.03(3)
(3) Applicability of insurance laws. Except as otherwise specifically provided, service insurance corporations organized or operating under this chapter are subject to ss.
610.01,
610.11,
610.21,
610.23 and
610.24 and chs.
600,
601,
609,
617,
620,
623,
625,
627,
628,
631,
632,
635,
644 and
645 and to no other insurance laws.
613.04
613.04
Orders imposing and eliminating restrictions. 613.04(1)(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 by s.
613.54, if the commissioner finds that its financial condition, management or other circumstance requires such additional regulation for the protection of the interests of insureds or the public.
613.04(2)
(2) Orders eliminating restrictions. The commissioner may free a new corporation from any of the restrictions generally applicable only to new corporations under ss.
613.28,
613.33 (1) (a) and
(b) and
611.54 (1) (b) as incorporated by s.
613.54, if the commissioner is satisfied that its financial condition, management or other circumstance gives assurance that the interests of insureds and the public will not be endangered thereby.
613.04 History
History: 1975 c. 223,
421.
613.07
613.07
General corporate powers and procedures. 613.07(1)(1)
Powers. Service insurance corporations have the powers specified under s.
181.0302.
613.07(2)
(2) Effect of unauthorized corporate acts. Section
181.0304 applies to service insurance corporations.
613.07(4)
(4) Waiver of notice and informal action by members or directors. Sections
181.0704 and
181.0706 apply to members of service insurance corporations and ss.
181.0821 and
181.0823 apply to the board of directors and committees of the board of directors of service insurance corporations.
ORGANIZATION OF CORPORATIONS
613.10
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).
613.10 History
History: 1975 c. 223;
1997 a. 79.
613.11
613.11
Incorporators. Any number of corporate or adult natural persons may organize a service insurance corporation under s.
613.13.
613.11 History
History: 1975 c. 223.
613.12
613.12
Articles and bylaws. 613.12(1)(1)
Contents of articles. The articles of a service insurance corporation shall conform to s.
181.0202, except that:
613.12(1)(a)
(a) The name of the corporation shall include descriptive terms to indicate the general nature of the services or care to be provided, or a trade name that is generally understood as indicating such service or care, and shall comply with s.
181.0401 (2) to
(4);
613.12(1)(am)
(am) The articles shall include a statement that the corporation is a service insurance corporation organized under this chapter;
