Statutes > Wisconsin Statutes > Chapter 611. Domestic stock and mutual insurance corporations. > 611.57 Interlocking directorates and other relationships.

611.57 Interlocking directorates and other relationships.

611.57

611.57 Interlocking directorates and other relationships. No person may simultaneously be a director or officer in one insurance corporation and a director, officer, employee or agent for another insurer if the effect is to lessen competition substantially or if the 2 insurers have materially adverse interests.

611.57 - ANNOT.

History: 1971 c. 260; 1973 c. 128.

611.57 - ANNOT.

Cross Reference: See also s. Ins 6.52, Wis. adm. code.