613.66 Exclusive agency contracts.
(1) General. Except under sub. (2), no service insurance corporation may enter into any contract whereby any person is granted the exclusive right or privilege of soliciting, producing or receiving a fee or commission on all or substantially all of the insurance business of the corporation in this state.
(2) Subsidiaries. Subsection (1) does not apply to contracts in which a corporation is the exclusive agent of its insurance subsidiary authorized under s. 611.26 (1) as applied to service insurance corporations by s. 613.26, or in which the subsidiary is the exclusive agent of the corporation.
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.