Wisconsin Statutes & Annotations
Chapter 618 - Nondomestic insurers.
618.32 - Transfer of business.

618.32 Transfer of business.
(1) Report to commissioner. Any action by which a nondomestic insurer proposes to transfer to another person or to reinsure any part of its insurance business in this state, other than in the normal and usual course of business, shall be reported to the commissioner not less than 30 days in advance of the proposed effective date. The commissioner may defer the effective date for an additional period not exceeding 30 days by written notice to the insurer before expiration of the initial 30-day period.
(2) Disapproval. The commissioner may, within the 30-day period or its extension, prohibit the proposed action if it would be contrary to the law or to the interests of insureds, creditors or the public in this state.
History: 1971 c. 260.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 618 - Nondomestic insurers.

618.01 - Purposes.

618.02 - Definitions.

618.11 - Application.

618.12 - Certificate of authority.

618.14 - Admission of nondomestic fraternals.

618.21 - Corporation law requirements from chs. 180, 610, 611 and 623 applicable to nondomestic corporations.

618.22 - Exclusive agency and management contracts of nondomestic corporations.

618.23 - Requirements for nondomestic reciprocals.

618.24 - Requirements for incorporated alien insurers.

618.25 - Requirements for unincorporated nondomestic insurers.

618.26 - Requirements for nondomestic fraternals.

618.28 - Exemptions from Wisconsin law.

618.31 - Changes in business plan.

618.32 - Transfer of business.

618.34 - Assessment by nondomestic company.

618.36 - Release from regulation.

618.37 - Revocation of certificate of authority.

618.39 - Assisting unauthorized insurers.

618.40 - Definitions.

618.41 - Surplus lines insurance.

618.415 - Group liability insurance issued by an unauthorized insurer.

618.416 - Qualification for placement of surplus lines insurance with an unauthorized insurer.

618.42 - Direct procurement of insurance.

618.43 - Taxation of insurance written by unauthorized insurers.

618.44 - Effect of illegal contracts.

618.45 - Servicing of contracts made out of state.

618.47 - Defense of action by unauthorized person.

618.48 - Attorney fees.

618.49 - Investigation, disclosure and taxation of insurance contracts.

618.50 - Reporting of illegal insurance.

618.61 - Reciprocal enforcement of foreign decrees.