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Current as of January 01, 2025 | Updated by Findlaw Staff
No nondomestic individual underwriter or syndicate may be authorized to do business in this state unless:
(1) It complies with such requirements stated in s. 618.24 as are applicable to an unincorporated insurer;
(2) It files undertakings with the commissioner to comply with legal controls and institutional practices for securing the performance of obligations that are functionally equivalent to those imposed on nondomestic insurance corporations, even if in detail the controls and practices are dissimilar; and
(3) The commissioner is satisfied that it keeps records and can supply information that will enable the commissioner to protect fully the interests of insureds, creditors and the public in this state.
Cite this article: FindLaw.com - Wisconsin Statutes Insurance (Ch. 600 to 655) § 618.25. Requirements for unincorporated nondomestic insurers - last updated January 01, 2025 | https://codes.findlaw.com/wi/insurance-ch-600-to-655/wi-st-618-25/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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