616.14 Limitations applicable to plans under s. 616.06.
(1) Governing body. The governing body of a plan shall be the same as the governing body of the sponsoring organization, but must have at least 3 members. If the governing body of the sponsoring organization consists of fewer than 3 members, the governing body of the sponsoring organization shall appoint to the governing body of the plan the number of persons necessary to comply with this subsection. Appointments under this subsection shall be made under rules adopted by the governing body of the sponsoring organization.
(2) Size. No plan under s. 616.03, 616.06 or 616.08 may operate unless the plan covers a number of students large enough to give stability to its loss experience.
History: 1979 c. 261.
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.