Wisconsin § 616.03 Designation of a mutual insurer as a school benefit insurer.

Wisconsin Statutes

§ 616.03 — Designation of a mutual insurer as a school benefit insurer.

Wisconsin § 616.03

Ch. 616Miscellaneous insurers

Subch.subch. I of ch. 616 SUBCHAPTER I

SCHOOL BENEFIT PLANS

This text of Wisconsin § 616.03 (Designation of a mutual insurer as a school benefit insurer.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 616.03 (2026).

Text

616.03  A mutual insurer engaged in no activities other than those specified in s. 616.06 may apply to the commissioner for designation as a school benefit insurer. If the commissioner finds that the insurer is engaged in no other activities, the commissioner shall declare it to be a school benefit insurer. As long as the insurer’s activities are thus restricted and it uses the term “school benefit” or its equivalent in its name, it is deemed to be operating under this subchapter, within the meaning of s. 601.31 (2) and shall have the tax exemptions under s. 616.10 .

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616.03 A mutual insurer engaged in no activities other than those specified in s. 616.06 may apply to the commissioner for designation as a school benefit insurer. If the commissioner finds that the insurer is engaged in no other activities, the commissioner shall declare it to be a school benefit insurer. As long as the insurer’s activities are thus restricted and it uses the term “school benefit” or its equivalent in its name, it is deemed to be operating under this subchapter, within the meaning of s. 601.31 (2) and shall have the tax exemptions under s. 616.10 .