630.05 Political contributions. - Wisconsin Statutes

630.05

630.05 Political contributions. Section 11.38 applies to:

630.05(1)

(1) All insurers under s. 600.03 (27).

630.05(2)

(2) Service insurance corporations under ch. 613.

630.05(3)

(3) Cooperatives under s. 185.981 and insurers operating under subch. I of ch. 616.

630.05(4)

(4) Motor clubs under ss. 616.71 to 616.82.

630.05 - ANNOT.

History: 1979 c. 102; 1983 a. 189 s. 329 (25); 1983 a. 274.

630.05 - ANNOT.

Legislative Council Note, 1979: This section provides a convenient cross-reference to the general corporate provision and makes clear that it applies to all types of insurers. It replaces s. 610.55 which applied only to life insurance companies. That section was originally enacted by ch. 343, laws of 1906. Apparently, the provision has been generally ignored since that time, except for the filing of a special schedule to annual statements. A reason for ignoring the section appears to be the action of the 1905 legislature in passing a general prohibition against political contributions [ch. 492, laws of 1905]. [Bill 146-S]