645.57 Assessments.
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/wi/chapter-645/645-57A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
645.57 Assessments.
(1)Report to court. As soon as practicable but not more than 2 years from the date of an order of liquidation under s. 645.42 of an insurer issuing assessable policies, including an insurer organized under ch. 612 , the liquidator shall make a report to the court setting forth:
(a)The reasonable value of the assets of the insurer;
(b)The insurer’s probable total liabilities; and
(c)The probable aggregate amount of the assessment necessary to pay all claims of creditors and expenses in full, including expenses of administration and costs of collecting the assessment.
(2)Levy of assessment.