611.02(2)

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(2) Purposes. The purposes of this chapter are:

611.02(2)(a)

(a) To provide a complete, self-contained procedure for the formation of insurance corporations;

611.02(2)(c)

(c) To strengthen internal corporate democracy through as much stockholder and policyholder participation as is practicable.

611.02

611.02 Scope and purposes.

611.02(1)

(1) Scope.

611.02(1)(b)

(b) Nondomestic insurers. Except as expressly provided, this chapter does not apply to nondomestic insurers.

611.02(1)(a)

(a) Domestic insurers. This chapter applies to all insurance corporations organized under the laws of this state, except those expressly governed by other chapters.

611.02(2)(b)

(b) To assure the solidity of insurance corporations by providing an organizational framework to facilitate sound management, sound operation and sound regulation; and