616.07 Certificate of authority.
(1) Issuance. Within 90 days after May 11, 1980, each plan authorized under s. 616.06 shall apply to the commissioner for a certificate of authority to continue the business it was doing on that date. The commissioner shall issue the certificate unless the commissioner finds after a hearing that the plan is in substantial or willful noncompliance with the law. No charge may be made for the initial issuance of the certificate under this subsection.
(2) Termination. A certificate issued under sub. (1) remains in force until it is revoked after a hearing for a substantial violation of chs. 600 to 646.
History: 1979 c. 261; 1981 c. 314.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 616 - Miscellaneous insurers.
616.03 - Designation of a mutual insurer as a school benefit insurer.
616.06 - Continuation of existing school benefit plans.
616.07 - Certificate of authority.
616.08 - Organization of new insurers.
616.09 - Applicability of other statutes.
616.10 - Exemption from taxation.
616.14 - Limitations applicable to plans under s. 616.06.
616.18 - Restrictions on transactions.
616.54 - Requirements for doing business.
616.56 - Form filing and required disclosures.
616.60 - Record-keeping requirements.
616.71 - Motor club service; definitions.
616.72 - License to sell motor club service.
616.74 - Manner of obtaining company license; fee.
616.76 - Form of service contract.
616.77 - Execution of service contract.
616.78 - Contents of contract.
616.79 - Only agents to solicit business.
616.80 - Misrepresentations forbidden.