618.02 Definitions.

186 words·~1 min read·/wi/chapter-618/618-02

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

618.02 Definitions. For the purposes of this chapter, unless the context indicates otherwise:

(1)“Directly procured insurance” means insurance procured under s. 618.42 .

(2)“Doing an insurance business” includes:

(a)Soliciting, making, or proposing to make an insurance contract;

(b)Taking or receiving an application for insurance;

(c)Collecting or receiving, in full or in part, an insurance premium;

(d)Issuing or delivering an insurance policy except as a messenger not employed by the insurer or by an insurance agent or broker;

(e)Inspecting risks, setting rates, disseminating information or advising on risk management in connection with the solicitation, negotiating, procuring or effectuation of insurance coverage;

(f)Investigating, settling, adjusting or litigating claims;

(g)In any way representing or assisting any person to do an insurance business or to procure insurance; and

(h)Any other act generally regarded as doing an insurance business.

(3)“Doing an insurance business” does not include:

(a)Acting as an attorney for a client; and

(b)Acting as a full-time salaried employee of an insured in the capacity of an insurance buyer or manager.

SUBCHAPTER II

AUTHORIZATION OF NONDOMESTIC INSURERS