610.001 Purposes. - Wisconsin Statutes

610.001

610.001 Purposes. The purposes of chs. 611 to 616 are:

610.001(1)

(1) To provide an orderly procedure by which insurers may be created, governed and dissolved;

610.001(2)

(2) To provide for procedures to merge, consolidate or convert various kinds of insurers;

610.001(3)

(3) To provide for structure and management that will maximize democratic participation in the operation of insurers; and

610.001(4)

(4) To prevent or control self-dealing by management in order to protect the interests of shareholders, policyholders, members, subscribers and the public.

610.001 - ANNOT.

History: 1971 c. 260; 1979 c. 102 s. 237; 1979 c. 261.