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Code · Wisconsin · Chapter 605 — Local government property insurance fund

605.30 Inadequacy of fund.

75 words·~1 min read·/wi/chapter-605/605-30-4

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605.30 Inadequacy of fund. If the property fund does not have sufficient assets to pay claims that are due, the secretary of administration shall transfer from the general fund to the property fund an amount sufficient to pay the losses and shall pay the losses. The property fund shall thereafter repay the general fund this amount and the secretary of administration shall transfer the amount as soon as there are assets in the property fund.
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