600.03 Definitions, usages and synonyms.

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600.03 Definitions, usages and synonyms. In chs. 600 to 655 , unless the context indicates otherwise:

(1)“Affiliate” of a person means any other person who controls, is controlled by, or is under common control with, the first person. A corporation is an affiliate of another corporation, regardless of ownership, if substantially the same group of persons manage the 2 corporations.

(1r)“Agent” means an intermediary as defined in s. 628.02 , other than a broker or surplus lines broker.

(2)“Alien insurer” means an insurer domiciled outside the United States. See also “nondomestic insurer”. Compare “foreign insurer”.

(3)“Articles” is synonymous with “articles of incorporation”, which includes the original articles or special law or charter corresponding thereto, and all amendments, and includes restated articles. See also “bylaws”. See s. 611.12 .

(4)A “blanket insurance policy” is a group policy covering unscheduled classes of persons, with the persons insured to be determined by definition of the class with or without designation of the persons covered but without any individual underwriting.

(5)“Board” is synonymous with “board of trustees” and “board of directors”, and means the group of persons vested with the management of a corporation, by whatever name designated.

(6)“Business plan” means the aggregate of the information that must be supplied to the commissioner under s. 611.13

(j)and

(k), s. 611.13

(j)and

(k)as incorporated by s. 614.13

(1), or s. 613.13

(i)and

(j).

(7)“Bylaws” means the rules, other than articles, adopted for the regulation or management of a corporation’s affairs, by whatever name designated. See also “articles”. See s. 611.12 .

(9)“Certificate of authority” is synonymous with “license”.