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Code · Wisconsin · Chapter 611 — Domestic stock and mutual insurance corporations

611.16 Termination of organization permit and payment of organization expenses.

100 words·~1 min read·/wi/chapter-611/611-16

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611.16 Termination of organization permit and payment of organization expenses.
(1)Termination. The organization permit shall terminate upon:
(a)Issuance of a certificate of authority under s. 611.20 ;
(b)Revocation under sub.
(2); or
(c)Expiration of one year after issuance unless a good faith application for a certificate of authority has been filed with the commissioner. The commissioner may grant a reasonable extension if the commissioner reasonably expects that the corporation will be able to satisfy the requirements for a certificate of authority within the extended period.
(2)Revocation. The commissioner may revoke an organization permit if:
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