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

611.66 Exclusive agency contracts.

108 words·~1 min read·/wi/chapter-611/611-66

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)General. Except under sub.

(2), no corporation may enter into any contract whereby any person is granted or obtains directly or indirectly the exclusive right or privilege of soliciting, producing or receiving a fee or commission on all or substantially all of the insurance business of the corporation or on all or substantially all of the insurance business of the corporation in this state.

(2)Subsidiaries. Subsection

(1)does not apply to contracts in which a corporation is the exclusive agent of its insurance subsidiary authorized under s. 611.26

(1)or in which the subsidiary is the exclusive agent of the corporation.