reglab/housing_qa huggingface dataset:
WI Stat § 612.23 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.23 - Conversion of town mutuals into mutual insurance corporations.

612.23  Conversion of town mutuals into mutual insurance corporations. One or more town mutuals may be converted into a single mutual insurance corporation under ch. 611, as follows: (1)  Conversion plan. The board of each participating town mutual shall adopt the same plan of conversion by resolution stating:(a) The reasons for and the purposes of the proposed action;(b) The proposed terms, conditions and procedures for and estimated expenses of implementing the conversion;(c) The proposed name of the corporation; and(d) The proposed articles and bylaws. (2)  Approval by commissioner. The town mutuals shall file with the commissioner for approval the plan together with so much of the information under s. 611.13 (2) as the commissioner reasonably requires. The commissioner shall approve the plan unless the commissioner finds, after a hearing, that it would be contrary to the law, that the new mutual would not satisfy the requirements for a certificate of authority under s. 611.20 or that the plan would be contrary to the interests of insureds or of the public. (3)  Approval by members. After being approved by the commissioner, the plan shall be submitted to the members of each town mutual for their approval. (4)  Election of directors. A plan of conversion shall contain a provision for prompt election of directors if the plan goes into effect. If the plan is approved by the members of each town mutual, directors shall be elected promptly. (5)  Reports to commissioner. Each town mutual shall file with the commissioner a copy of the resolution adopted under sub. (3), stating the number of members entitled to vote, the number of members voting and the number of votes cast in favor of the plan, stating separately in each case the mail votes and the votes cast in person. Any election of directors under sub. (4) shall also be reported to the commissioner. (6)  Certificate of authority. If the requirements of the law are met, the commissioner shall issue a certificate of authority to the new mutual. Thereupon the nonsurviving town mutuals shall cease their legal existence, the corporate existence of any new mutual shall begin, and the directors elected under sub. (4) shall take office. The new mutual shall have all the assets and be liable for all of the obligations of each of the participating town mutuals. The commissioner may grant a period not exceeding one year for adjustment to the requirements of ch. 611, specifying the extent to which particular provisions of ch. 611 shall not apply.History:  1973 c. 22; 1979 c. 102.
WI Stat § 612.24 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.24 - Transfer of business.

612.24  Transfer of business. (1) Approval by members. No action by which a town mutual proposes to transfer to another person or to reinsure any part of its insurance business, other than in the normal and usual course of business, or to sell, lease, exchange, mortgage, pledge or otherwise dispose of all or substantially all of its assets, is effective unless approved by the members. (2)  Report to commissioner. The town mutual shall file with the commissioner a copy of any resolution under sub. (1) not less than 30 days in advance of the date of the action proposed to be taken under the resolution, with a statement of the number of members entitled to vote, the number of members voting and the number voting to approve the transfer, stating separately mail votes and votes cast in person. The commissioner may defer the effective date for an additional period not exceeding 30 days by written notice to the town mutual before the expiration of the initial 30-day period. (3)  Disapproval. The commissioner may, within the 30-day period or its extension, prohibit the proposed action if it is contrary to law or to the interests of insureds or the public or if it will make possible the circumvention of any of the requirements of chs. 600 to 646. The commissioner shall prohibit a transfer of all or substantially all of the business unless it is accompanied by a plan for voluntary dissolution under s. 612.25.History:  1973 c. 22; 1977 c. 203 s. 103; 1979 c. 89.
WI Stat § 612.25 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.25 - Voluntary dissolution of town mutuals.

612.25  Voluntary dissolution of town mutuals. A town mutual may be dissolved in the following way: (1)  Plan for dissolution. The board shall adopt a plan for dissolution stating:(a) The reasons for the proposed action;(b) The proposed terms, conditions and procedures for and estimated expenses of implementing the dissolution; and(c) The financial condition of the town mutual, in such detail as the commissioner reasonably requires. (2)  Submission to commissioner. The town mutual shall file with the commissioner the plan and any explanatory statement proposed to be issued to the members. The commissioner may require that any additional information reasonably necessary to enable the members to make a decision be added to the proposed explanatory statement. (3)  Approval by members and commissioner. The plan shall thereupon be submitted to the members. If the members adopt the plan, the corporation shall file with the commissioner for approval a copy of the resolution of the members, stating the number of members entitled to vote, the number of members voting and the number of votes cast in favor of the plan, stating separately the mail votes and the votes cast in person. The commissioner shall approve the plan unless he or she finds, after a hearing, that the town mutual is insolvent or may become insolvent in the process of dissolution unless it makes an assessment. If an assessment would be required, the commissioner shall institute proceedings under s. 645.41 (10). (4)  Implementation of plan. When the plan has been completely implemented, that fact shall be reported to the commissioner and the commissioner shall certify that the town mutual no longer has a legal existence. (5)  Conversion to ch. 645 liquidation. If it appears at any time that the approved dissolution plan cannot be implemented according to its terms, or that there are grounds for involuntary liquidation, the commissioner may petition under s. 645.41 for liquidation of the town mutual.History:  1973 c. 22; 1979 c. 102 ss. 120, 236 (6).
WI Stat § 612.32 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.32 - Territory.

612.32  Territory. No town mutual may insure any risks located outside the territory authorized in its articles, except: (1)  Real property outside territory. Town mutuals may insure real property and contents in villages and cities partially located in the specified territory, real property and contents in an immediately adjoining county owned by a member who has real property and contents insured by the town mutual within the specified territory, and real property and contents used exclusively by the member and his or her family for recreational purposes. (2)  Temporary removal. (a)  Farm property. A town mutual may provide coverage for livestock while temporarily located outside the town mutual's territory, for farm products while temporarily located for a period not exceeding 2 years outside the town mutual's territory, and for farm machinery and farm vehicles while temporarily located for a period not exceeding one year outside its territory, subject to limitations in the policy or in the articles or bylaws with respect to the distance from the territory to which the property may be removed without suspension of the coverage.(b)  Household property. A town mutual may provide coverage for household goods and effects and other personal property while temporarily removed from the location stated in the policy, whether within or outside the town mutual's territory. (3)  Nonproperty coverage. A town mutual may write nonproperty insurance under s. 612.31 (3) without regard to its territorial limits provided the coverage is included in a policy providing principally coverage under s. 612.31 (1) on property within its territory.History:  1973 c. 22; 1979 c. 102 s. 236 (13); 1979 c. 110 s. 60 (11); 1979 c. 355; 1981 c. 218; 1985 a. 189; 2015 a. 90.
WI Stat § 612.34 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.34 - Rates.

612.34  Rates. (1) Regulation of assessments. Town mutuals need not file information under ch. 625 about special assessments unless ordered to do so by rule or order of the commissioner. (2)  Classifications. No classification plan for the purpose of determining premiums or assessment shares may be used unless it has been approved by the commissioner. The commissioner shall approve the plan unless he or she finds that it would be contrary to the law, including the standards of s. 625.11, or contrary to the interests of insureds or of the public. (3)  Mandatory advance premiums. Notwithstanding members' liability for subsequent assessments under s. 612.54, town mutuals shall charge advance premiums expected to be adequate for any insurance for which they must obtain reinsurance under s. 612.33 (2) (b).History:  1973 c. 22; 1979 c. 102 s. 236 (5).
WI Stat § 612.35 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.35 - Borrowing and repayment.

612.35  Borrowing and repayment. A town mutual may borrow money to pay losses or expenses, but before obtaining a loan which would bring its indebtedness, including debit balances from reinsurance arrangements under s. 612.33 (1) above 50 percent of its assets including assessments levied and collectible which are not overdue, it shall report the amount and purpose of the loan and all outstanding loans and debit balances to the commissioner. The commissioner may thereupon order the town mutual to levy an assessment to repay its indebtedness, establish a surplus, or both, within a reasonable time not less than 60 days after notice.History:  1973 c. 22.
WI Stat § 612.36 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.36 - Investments.

612.36  Investments. (1) General. Except as provided in sub. (2), town mutuals are subject to ch. 620 but shall be restricted as provided in s. 620.03 (1) unless individually exempted by the commissioner under s. 620.03 (2). In applying the restrictions of ch. 620 all assets of town mutuals shall be treated as if they were required to satisfy the compulsory surplus requirement, except to the extent that the commissioner by rule determines otherwise. (2)  Real estate. Section 620.23 (1) (c) does not apply to town mutuals. Except under s. 620.21 (2), no town mutual may own real estate that in the aggregate exceeds, in value measured at cost, one mill on the dollar of the insurance in force.History:  1973 c. 22; 1977 c. 339.
WI Stat § 612.51 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.51 - Contract forms.

612.51  Contract forms. (2) Rules. The commissioner may by rule prescribe forms to be used for policies, applications or for particular clauses. (3)  Articles and bylaws. The articles and bylaws shall be attached to or clearly incorporated by reference in every policy issued by a town mutual. They may be incorporated by reference only if each new member is supplied a copy of them and each policy specifies how additional copies may be obtained. (4)  Limited coverage. Recovery as to any or all items of personal property insured under a policy may be limited to a percentage of the value at the time of the loss, by a clearly expressed statement to that effect in that policy.History:  1973 c. 22; 1975 c. 375; 1979 c. 102 s. 236 (5); 2007 a. 168.
WI Stat § 612.52 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.52 - Undertaking to pay premiums and assessments.

612.52  Undertaking to pay premiums and assessments. An applicant for insurance shall sign an undertaking agreeing to pay the advance premiums for any insurance on the applicant's behalf and any assessment which may be levied in accordance with the terms of the policy, the articles, the bylaws, the statutes, and the reasonable expenses of collecting the assessment and any reasonable penalties for nonpayment. The undertaking may provide that for such collection the applicant shall waive any exemptions otherwise applicable to the property covered by the policy.History:  1973 c. 22; 1979 c. 102; 1981 c. 218.
WI Stat § 612.53 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.53 - Loss adjustment.

612.53  Loss adjustment. The commissioner may promulgate rules for loss adjustment procedures.History:  1973 c. 22; 2015 a. 90.
WI Stat § 612.61 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.61 - Licensing of agents.

612.61  Licensing of agents. Persons soliciting insurance for town mutuals shall comply with s. 628.05.History:  1973 c. 22; 1975 c. 371.Legislative Council Note, 1975: Present s. 612.61 is replaced by s. 628.05, which is part of this act. The terms remain the same. It is preserved only as a cross reference to s. 628.05. [Bill 16-S]
WI Stat § 612.70 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.70 - Waiver of notice and informal action.

612.70  Waiver of notice and informal action. Sections 181.0704, 181.0706, 181.0821 and 181.0823 apply to town mutuals. Section 181.0821 applies to a committee of the board except that references to “board" shall be read as “committee".History:  1973 c. 22; 1997 a. 79.
WI Stat § 612.81 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 612 - Town mutuals.|612.81 - Register of deeds.

612.81  Register of deeds. No town mutual need file any corporate documents with any register of deeds for corporation law or regulatory purposes. All such documents held by registers of deeds on May 24, 1973, may be disposed of under s. 59.43 (12) (b).History:  1973 c. 22; 1995 a. 201.
WI Stat § 613.01 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.01 - Definitions.

613.01  Definitions. In this chapter, unless the context requires otherwise: (1)  Articles of incorporation. “Articles of incorporation" has the meaning designated under s. 181.0103 (1). (2)  Board of directors. “Board of directors" has the meaning designated for “board" under s. 181.0103 (2). (3)  Bylaws. “Bylaws" has the meaning designated under s. 181.0103 (3). (4)  Director. “Director" includes “trustee". (4m)  Insurer. In any provision of the statutes made applicable to service insurance corporations by this chapter, “insurer" includes service insurance corporations, and the technical terms used in those statutes shall be applicable to service insurance corporations despite the customary use of other parallel terms by service insurance corporations. (5)  Nonprofit corporation. “Nonprofit corporation" has the meaning designated under s. 181.0103 (17). (6)  Nonstock corporation. “Nonstock corporation" has the meaning designated under s. 181.0103 (18). (7)  Officer. “Officer" does not include “director". (8)  Department of financial institutions. In any provision of ch. 180 or 181 made applicable to service insurance corporations in this chapter, “department" means commissioner of insurance.History:  1975 c. 223; 1979 c. 102; 1983 a. 189 ss. 295, 296, 329 (22); 1995 a. 27; 1997 a. 79.
WI Stat § 613.02 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.02 - Scope and purposes.

613.02  Scope and purposes. (1) Scope. This chapter applies only to corporations incorporated under the laws of this state. Corporations not incorporated under the laws of this state may not do business in this state under this chapter.NOTE:  Sub. (1) is shown as renumbered from sub. (1) (a) by the legislative reference bureau under s. 13.92 (1) (bm) 2. (2)  Purposes. The purposes of this chapter are:(a) To create an effective and flexible legal framework within which insured service benefits may be provided with adequate protection to consumers;(b) To encourage innovation in insurance organization and marketing and the development of more economical and effective ways of providing services or combinations of indemnity and services;(c) To meet the special needs of service insurance corporations consistent so far as possible with the general framework of the corporation law of insurance; and(d) To ease the burden of payment for health care and other essential services by providing a method for creating alternative vehicles for providing them.History:  1975 c. 223; 1975 c. 224 s. 148m; 1975 c. 375, 422; 1977 c. 339; 1979 c. 102; s. 13.92 (1) (bm) 2.
WI Stat § 613.03 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.03 - Applicability of other laws to service insurance corporations.

613.03  Applicability of other laws to service insurance corporations. (1) Chapter 181 generally inapplicable to service insurance corporations. Chapter 181 does not apply to service insurance corporations except as specifically made applicable by this chapter. (2)  Insurance corporation law. Whenever in this chapter a section, subsection or paragraph of ch. 611 is made applicable to service insurance corporations the application shall be of those portions of the section, subsection or paragraph of ch. 611 that apply to mutual corporations. (3)  Applicability of insurance laws. Except as otherwise specifically provided, service insurance corporations organized or operating under this chapter are subject to ss. 610.01, 610.11, 610.21, 610.23 and 610.24 and chs. 600, 601, 609, 617, 620, 623, 625, 627, 628, 631, 632, 635, 644 and 645 and to no other insurance laws.History:  1975 c. 223; 1979 c. 102 ss. 125, 126; 1979 c. 313; 1981 c. 38 s. 26; 1983 a. 215 s. 17; 1989 a. 23; 1991 a. 250; 1997 a. 27, 227; 2005 a. 74; 2013 a. 20.
WI Stat § 613.04 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.04 - Orders imposing and eliminating restrictions.

613.04  Orders imposing and eliminating restrictions. (1) Orders imposing restrictions. The commissioner may subject an individual corporation not otherwise subject thereto to some or all of the restrictions of ss. 613.28, 613.33 (1) (a) and (b) and 611.54 (1) (b) as incorporated by s. 613.54, if the commissioner finds that its financial condition, management or other circumstance requires such additional regulation for the protection of the interests of insureds or the public. (2)  Orders eliminating restrictions. The commissioner may free a new corporation from any of the restrictions generally applicable only to new corporations under ss. 613.28, 613.33 (1) (a) and (b) and 611.54 (1) (b) as incorporated by s. 613.54, if the commissioner is satisfied that its financial condition, management or other circumstance gives assurance that the interests of insureds and the public will not be endangered thereby.History:  1975 c. 223, 421.
WI Stat § 613.07 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.07 - General corporate powers and procedures.

613.07  General corporate powers and procedures. (1) Powers. Service insurance corporations have the powers specified under s. 181.0302. (2)  Effect of unauthorized corporate acts. Section 181.0304 applies to service insurance corporations. (4)  Waiver of notice and informal action by members or directors. Sections 181.0704 and 181.0706 apply to members of service insurance corporations and ss. 181.0821 and 181.0823 apply to the board of directors and committees of the board of directors of service insurance corporations.History:  1975 c. 223; 1979 c. 110; 1987 a. 13; 1997 a. 79.
WI Stat § 613.10 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.10 - Reserved and registered names.

613.10  Reserved and registered names. A service insurance corporation may reserve or register a corporate name as provided in ss. 181.0402 and 181.0403 (2), (3) and (3m).History:  1975 c. 223; 1997 a. 79.
WI Stat § 613.11 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.11 - Incorporators.

613.11  Incorporators. Any number of corporate or adult natural persons may organize a service insurance corporation under s. 613.13.History:  1975 c. 223.
WI Stat § 613.12 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 613 - Service insurance corporations.|613.12 - Articles and bylaws.

613.12  Articles and bylaws. (1) Contents of articles. The articles of a service insurance corporation shall conform to s. 181.0202, except that:(a) The name of the corporation shall include descriptive terms to indicate the general nature of the services or care to be provided, or a trade name that is generally understood as indicating such service or care, and shall comply with s. 181.0401 (2) to (4);(am) The articles shall include a statement that the corporation is a service insurance corporation organized under this chapter;(b) The purposes of the corporation shall be limited to those permitted in s. 610.21;(c) The services to be provided or for which indemnity is to be paid shall be generally described and shall be of the same kind as the services ordinarily provided by any members of the corporation in their profession or business, or of the persons entitled to designate members, and services ancillary thereto;(d) The articles shall state whether members or other providers of services are subject to assessments for the purpose of paying operating costs or financial deficits, the general conditions and procedures for levying such assessments and any limitations on the assessments that may be levied;(e) The articles shall state, for corporations having members, how persons may become members and that only members may vote; and(f) The articles of a corporation not having members shall state how the directors of the corporation shall be selected. (2)  Bylaws. The bylaws of a service insurance corporation shall comply with this chapter, and with ss. 181.0206, 181.0207 and 181.1020 to 181.1022. A copy of any amendments to the bylaws shall be filed with the commissioner within 60 days after adoption. (3)  Principal officers. The articles or bylaws shall specifically designate 3 or more offices, the holders of which shall be the principal officers of the corporation. The principal offices shall be held by at least 3 separate natural persons.History:  1975 c. 223; 1997 a. 79; 2015 a. 197 s. 51.