613.53 Policyholder or public members of board of directors. The articles may provide that any number of the directors shall be chosen from among the policyholders, the general public or both, under a plan designed to assure independent directors truly representing the interests of policyholders or the public interest. The persons to be named as directors under this section shall be persons whose experience and existing relationships qualify them to serve responsibly and impartially as independent policyholder or public directors.
History: 1975 c. 223.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 613 - Service insurance corporations.
613.03 - Applicability of other laws to service insurance corporations.
613.04 - Orders imposing and eliminating restrictions.
613.07 - General corporate powers and procedures.
613.10 - Reserved and registered names.
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.
613.31 - Securities regulation.
613.33 - Authorized securities.
613.40 - Members and meetings.
613.41 - Communications to members or policyholders and attendance at meetings.
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.
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.