611.02 Scope and purposes.
(1) Scope.
(a) Domestic insurers. This chapter applies to all insurance corporations, including domestic surplus lines insurers, as defined in s. 618.40 (3m), organized under the laws of this state, except those expressly governed by other chapters.
(b) Nondomestic insurers. Except as expressly provided, this chapter does not apply to nondomestic insurers.
(2) Purposes. The purposes of this chapter are:
(a) To provide a complete, self-contained procedure for the formation of insurance corporations;
(b) To assure the solidity of insurance corporations by providing an organizational framework to facilitate sound management, sound operation and sound regulation; and
(c) To strengthen internal corporate democracy through as much stockholder and policyholder participation as is practicable.
History: 1971 c. 260; 2017 a. 16.