610.24 Insurers as fundholders. All assets shall be held, invested and disbursed for the use and benefit of the insurer and no policyholder, member or beneficiary may have or acquire individual rights in such assets or become entitled to any apportionment or the surrender of any part of such assets, except as provided in the contract. An insurer may create, maintain, invest, disburse and apply any special funds necessary to carry out any purpose permitted by the laws of this state and the articles and bylaws of the insurer.
History: 1979 c. 102.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 610 - Insurers in general.
610.23 - Power to hold property in other than own name.
610.24 - Insurers as fundholders.
610.40 - Continued effect of transitional provisions.
610.60 - Electronic delivery of notices and documents.
610.61 - Duty of life insurers to report abandoned property.
610.65 - Uniform claim processing form.