Wisconsin Administrative Code
Office of the Commissioner of Insurance
Chapter Ins 51 - Capital Requirements For Insurers
Subchapter I - Risk Based Capital Requirement for Insurers
Section Ins 51.30 - Authorized control level event

Universal Citation: WI Admin Code ยง Ins 51.30

Current through August 26, 2024

If an authorized control level event occurs with respect to an insurer, the commissioner shall:

(1) Take such actions as are required under s. Ins 51.20 regarding an insurer with respect to which a regulatory action level event has occurred; or

(2) If the commissioner deems it to be in the best interests of the policyholders and creditors of the insurer and of the public, take such actions as are necessary to cause the insurer to be placed under regulatory control under ch. 645, Stats. If the commissioner takes such actions, the authorized control level event shall be deemed sufficient grounds for the commissioner to take action under ch. 645, Stats., and the commissioner shall have the rights, powers and duties with respect to the insurer as are set forth in ch. 645, Stats.

Disclaimer: These regulations may not be the most recent version. Wisconsin may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.