601.01 Purposes. - Wisconsin Statutes

601.01

SUBCHAPTER I
GENERAL PROVISIONS
601.01 Purposes. The purposes of chs. 600 to 655 are:

601.01(1)

(1) To ensure the solidity of all insurers doing business in this state;

601.01(2)

(2) To ensure that policyholders, claimants and insurers are treated fairly and equitably;

601.01(3)

(3) To ensure that the state has an adequate and healthy insurance market, characterized by competitive conditions and the exercise of initiative;

601.01(4)

(4) To provide for an office that is expert in the field of insurance, and able to enforce chs. 600 to 655;

601.01(5)

(5) To encourage full cooperation of the office with other regulatory bodies, both of this and other states and of the federal government;

601.01(6)

(6) To improve and thereby preserve state regulation of insurance;

601.01(7)

(7) To maintain freedom of contract and freedom of enterprise so far as consistent with the other purposes of the law;

601.01(8)

(8) To encourage self-regulation of the insurance enterprise;

601.01(9)

(9) To encourage loss prevention as an aspect of the operation of the insurance enterprise;

601.01(10)

(10) To keep the public informed on insurance matters; and

601.01(11)

(11) To achieve the other purposes stated in chs. 600 to 655.

601.01 - ANNOT.

History: 1971 c. 260; 1977 c. 339 ss. 27, 28, 43; 1979 c. 89, 102, 177; 1989 a. 187 s. 29.

601.01 - ANNOT.

Cross Reference: See also Ins, Wis. adm. code.

601.01 - ANNOT.

Why process consumer complaints? A case study of the office of the commissioner of insurance of Wisconsin. Whitford, Kimball, 1974 WLR 639.