Title 644 · WI 644
(4) (b)
Citation: Wis. Stat. § 632.62
Section: 632.62
632.62 (4) (b) as a payment made to policyholders as determined by the board.
644.02(1)(h)
(h)
âIntermediate stock holding companyâ means a corporation that satisfies all of the following:
644.02(1)(h)1.
1.
The corporation was incorporated under ch. 180 .
644.02(1)(h)2.
2.
At least 51 percent of the corporationâs voting stock is held directly or indirectly by a mutual holding company.
644.02(1)(h)3.
3.
The corporation holds directly or indirectly at least 51 percent of the voting stock of a converted insurance company.
644.02(1)(i)
(i)
âMemberâ
means any of the following:
644.02(1)(i)1.
1.
For a converting mutual insurance company, a policyholder who, by the records of the converting insurance company and by its articles of incorporation and bylaws, is a holder of a membership interest in the converting insurance company.
644.02(1)(i)2.
2.
For a converting service insurance corporation, a policyholder shown on the books and records of the converting insurance company on the effective date of the restructuring.
644.02(1)(j)
(j)
âMembership interestsâ
means the voting rights of a member arising under the statutes and the articles of incorporation and bylaws of the converting insurance company, including the right to vote for the board and the right to vote on any plan of conversion, voluntary dissolution or amendment of the articles of incorporation. On and after the effective date of the restructuring, âmembership interestsâ means the voting rights of a member arising under the statutes and the articles of incorporation and bylaws of the mutual holding company, including the right to vote for the board and the right to vote on any plan of conversion, voluntary dissolution or amendment of the articles of incorporation. âMembership interestsâ does not include membersâ rights in surplus, if any.
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Chs. 600-655, Insurance statutes/644 statutes/644 section true
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2023-24 Wisconsin Statutes updated
through 2025 Wis. Act 103 and through all Supreme Court Orders and Controlled Substances Board Orders filed before and in effect on April 3, 2026.
Published and certified under s. 35.18. Changes effective after April 3, 2026, are designated by NOTES.
(Published 4-3-26)