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Code · Wisconsin · Chapter 614 — Insurance — fraternals

614.77 Rehabilitation or involuntary conversion.

68 words·~1 min read·/wi/chapter-614/614-77

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614.77 Rehabilitation or involuntary conversion. If the commissioner believes that a fraternal does not satisfy the requirements of this chapter, the commissioner shall call a hearing and upon a finding that the fraternal does not satisfy the requirements, the commissioner shall petition for rehabilitation under s. 645.31 , for the purpose of rehabilitating the fraternal or, if that is not possible, of converting the fraternal to a mutual.
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