State Codes and Statutes

Statutes > Wisconsin > 618 > 618.01

618.01

SUBCHAPTER I
GENERAL PROVISIONS
618.01 Purposes. The purposes of this chapter are:

618.01(1)

(1) To protect insureds, creditors and the public in this state by providing adequate standards and an orderly procedure for the authorization of nondomestic insurers;

618.01(2)

(2) To prevent evasion by unauthorized insurers of the regulatory and tax laws of this state and to protect this state and its residents against loss from such action;

618.01(3)

(3) To subject unauthorized insurers and other persons doing an insurance business in this state to the jurisdiction of the commissioner and the courts of this state;

618.01(4)

(4) To protect authorized insurers from unfair competition by unauthorized insurers; and

618.01(5)

(5) To provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.

618.01 - ANNOT.

History: 1971 c. 260.