613.02 Scope and purposes.
(1) Scope. This chapter applies only to corporations incorporated under the laws of this state. Corporations not incorporated under the laws of this state may not do business in this state under this chapter.
NOTE: Sub. (1) is shown as renumbered from sub. (1) (a) by the legislative reference bureau under s. 13.92 (1) (bm) 2.
(2) Purposes. The purposes of this chapter are:
(a) To create an effective and flexible legal framework within which insured service benefits may be provided with adequate protection to consumers;
(b) To encourage innovation in insurance organization and marketing and the development of more economical and effective ways of providing services or combinations of indemnity and services;
(c) To meet the special needs of service insurance corporations consistent so far as possible with the general framework of the corporation law of insurance; and
(d) To ease the burden of payment for health care and other essential services by providing a method for creating alternative vehicles for providing them.
History: 1975 c. 223; 1975 c. 224 s. 148m; 1975 c. 375, 422; 1977 c. 339; 1979 c. 102; s. 13.92 (1) (bm) 2.
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