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Code · Wisconsin · Chapter 616 — Miscellaneous insurers

616.07 Certificate of authority.

107 words·~1 min read·/wi/chapter-616/616-07

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616.07 Certificate of authority.
(1)Issuance. Within 90 days after May 11, 1980, each plan authorized under s. 616.06 shall apply to the commissioner for a certificate of authority to continue the business it was doing on that date. The commissioner shall issue the certificate unless the commissioner finds after a hearing that the plan is in substantial or willful noncompliance with the law. No charge may be made for the initial issuance of the certificate under this subsection.
(2)Termination. A certificate issued under sub.
(1)remains in force until it is revoked after a hearing for a substantial violation of chs. 600 to 646 .
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