611.72 Merger or other acquisition of control of a stock insurance corporation.
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611.72 Merger or other acquisition of control of a stock insurance corporation.
(1)General. Subject to this section, the applicable provisions of ch. 180 apply to the merger of a domestic stock insurance corporation or its parent insurance holding corporation, except that papers required by those sections to be filed with the department of financial institutions shall instead be filed with the commissioner.
(2)Approval required. No proposed plan of merger or other plan for acquisition of control of any domestic stock insurance corporation or its parent insurance holding corporation participating in the transaction may be executed unless it has been approved by the commissioner.