601.01 Purposes.
601.01
SUBCHAPTER IGENERAL PROVISIONS
601.01 Purposes. The purposes of chs. 600 to 655 are:
601.01(1)
(1) To ensure the solidity of all insurers doing business in this state;601.01(2)
(2) To ensure that policyholders, claimants and insurers are treated fairly and equitably;601.01(3)
(3) To ensure that the state has an adequate and healthy insurance market, characterized by competitive conditions and the exercise of initiative;601.01(4)
(4) To provide for an office that is expert in the field of insurance, and able to enforce chs. 600 to 655;601.01(5)
(5) To encourage full cooperation of the office with other regulatory bodies, both of this and other states and of the federal government;601.01(6)
(6) To improve and thereby preserve state regulation of insurance;601.01(7)
(7) To maintain freedom of contract and freedom of enterprise so far as consistent with the other purposes of the law;601.01(8)
(8) To encourage self-regulation of the insurance enterprise;601.01(9)
(9) To encourage loss prevention as an aspect of the operation of the insurance enterprise;601.01(10)
(10) To keep the public informed on insurance matters; and601.01(11)
(11) To achieve the other purposes stated in chs. 600 to 655.601.01 - ANNOT.
History: 1971 c. 260; 1977 c. 339 ss. 27, 28, 43; 1979 c. 89, 102, 177; 1989 a. 187 s. 29.601.01 - ANNOT.
Cross Reference: See also Ins, Wis. adm. code.601.01 - ANNOT.
Why process consumer complaints? A case study of the office of the commissioner of insurance of Wisconsin. Whitford, Kimball, 1974 WLR 639.