614.03 Orders imposing and relaxing restrictions.
(1) Imposing restrictions. The commissioner may subject any fraternal not otherwise subject thereto to some or all of the restrictions of s. 611.28 (1) as incorporated by s. 614.28, s. 611.33 (2) (a) 1. and 2. as incorporated by s. 614.33, and s. 611.54 (1) (b) as incorporated by s. 614.54, and s. 614.29 (2).
(2) Orders eliminating restrictions. The commissioner may free a new fraternal from any or all of the restrictions generally applicable only to new fraternals under the provisions enumerated in sub. (1) if satisfied that its financial condition, management or other circumstances give assurance that the interests of insureds and the public will not be endangered thereby.
History: 1975 c. 373, 421.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 614 - Insurance — fraternals.
614.03 - Orders imposing and relaxing restrictions.
614.05 - Applicability of other insurance laws to fraternals.
614.07 - General corporate powers and procedures.
614.09 - Reservation of corporate name.
614.10 - Members and applicants in fraternals.
614.12 - Articles of incorporation and bylaws.
614.13 - Organization permit and certificate of incorporation.
614.14 - Powers under organization permit and deposit of proceeds of subscriptions.
614.16 - Termination of organization permit and payment of organization expenses.
614.18 - Incorporators' liability and organization expenses.
614.19 - Initial surplus requirements.
614.20 - Certificate of authority.
614.22 - Accelerated organization procedure.
614.24 - Segregated accounts, variable benefits and subsidiaries.
614.28 - Changes in business plan.
614.29 - Amendment of articles of incorporation.
614.31 - Securities regulation.
614.33 - Authorized securities.
614.41 - Communications to members.
614.42 - Representative form of government.
614.43 - Annual report to fraternal members.
614.53 - Removal of directors and officers and filling of vacancies.
614.54 - Supervision of management changes.
614.55 - Continuity of management in emergencies.
614.56 - Committees of directors.
614.57 - Interlocking directorates and other relationships.
614.60 - Transactions with affiliates and in which directors and others are interested.
614.62 - Directors' liability and indemnification.
614.63 - Executive compensation.
614.66 - Exclusive agency contracts and management contracts.
614.73 - Merger and consolidation of fraternals.
614.74 - Voluntary dissolution of solvent domestic fraternals.
614.76 - Voluntary conversion of fraternals to mutuals.
614.77 - Rehabilitation or involuntary conversion.
614.78 - Maintenance of solvency.
614.79 - Rehabilitation and liquidation.
614.82 - Fraternal expenditures and activities.