612.31(2)(a)

(a) Windstorm and hail insurance.

612.31(4)(e)

(e) Worker’s compensation insurance;

612.31(4)(k)

(k) Mortgage guaranty insurance;

612.31

612.31 Authorized business.

612.31(1)

(1) Property insurance.

612.31(1)(b)

(b) Extensions.

612.31(2)

(2) Limitations on property insurance.

612.31(2)(a)1.

1. No town mutual may insure a member against loss to growing crops by windstorm or hail.

612.31(4)

(4) Excluded business. Town mutuals may not transact the following insurance business:

612.31(4)(a)

(a) Life insurance and annuities;

612.31(4)(L)

(L) Title insurance;

612.31(6)

(6) Assuming reinsurance. One town mutual may assume reinsurance from another if:

612.31(6)(a)

(a) The commissioner approves the assuming reinsurer as one qualified to assume reinsurance;

612.31(6)(b)

(b) The commissioner approves the reinsurance contract in advance;

612.31(1)(a)

(a) General. Subject to other provisions of this section, a town mutual may insure a member against loss or damage from any cause to any property in which the member has an interest.

612.31(1)(b)1.

1. Insurance authorized under para. (a) may include insurance against loss of use of or loss of income from property including interruption of business activity caused by loss or damage to the property.

612.31(1)(b)2.

2. Insurance authorized under para. (a) may include replacement cost coverage.

612.31(2)(a)2.

2. No town mutual may insure a member against loss to property by windstorm or hail unless approval of the members is obtained under § 612.12.

612.31(2)(a)3.

3. A town mutual insuring a member against loss to property by windstorm or hail must obtain reinsurance under § 612.33 (2)(a).

612.31(2)(b)

(b) Burglary and plate glass. A town mutual may insure a member against loss of property by burglary or theft or against the breakage of glass whether in a specified location or in transit but may do so only as a coverage supplemental to fire and extended coverage insurance on the property.

612.31(4)(f)

(f) Elevator liability or steam boiler liability insurance;

612.31(4)(g)

(g) Ocean marine insurance;

612.31(4)(i)

(i) Fidelity or surety insurance;

612.31(4)(j)

(j) Credit insurance;

612.31(2)(c)

(c) Limitations by rule. The commissioner may by rule exclude any insurance authorized under sub. (1) or (3) if he or she finds that it cannot be successfully transacted by town mutuals without endangering the interests of insureds or the public.

612.31(3)

(3) Nonproperty insurance. Subject to the voting requirement of § 612.12 (1)(d) and the reinsurance requirement of § 612.33 (2), a town mutual may include any of the following as supplementary coverage to property insurance written under sub. (1):

612.31(3)(a)

(a) Liability insurance. Insurance against loss or damage for which the insured is liable caused by the sickness, personal injury or death of any other person or by loss or damage to the property of the other person.

612.31(3)(b)

(b) Errors and omissions. Insurance against loss, expense and liability resulting from errors, omissions or neglect in the performance of any official, vocational or professional service, except loss or damage covered by para. (a).

612.31(3)(c)

(c) Medical payments and other supplemental insurance. Insurance against loss, damage and expense, including loss of time, arising out of bodily injury to, or sickness, disease or death of the insured or another person, caused by accident, for which the insurer assumes an obligation to pay irrespective of the member’s legal liability therefor.

612.31(4)(b)

(b) Disability insurance except under sub. (a) and (c);

612.31(4)(c)

(c) Liability insurance except under sub. (a) and (b);

612.31(4)(d)

(d) Automobile liability insurance except under sub. (a);

612.31(4)(h)

(h) Inland marine insurance except as a supplementary coverage to property in a fixed location insured under sub. (1);

612.31(4)(m)

(m) Assuming reinsurance, except under sub. (6); or

612.31(4)(n)

(n) Loss, damage or liability caused by nuclear reaction or nuclear radiation or radioactive contamination, whether directly or indirectly resulting from an insured peril under the policy.

612.31(5)

(5) Writing of proportional insurance. Two or more town mutuals may together write an insurance policy with each town mutual severally assuming a proportional share of the total coverage, if except for territorial limitations each participating town mutual has the power to write risks of the kind covered in the policy. One of the town mutuals that satisfies the territorial rules of § 612.32 shall be designated by the policy as the originating insurer responsible for collecting the premiums and adjusting the losses on behalf of all participants. The policyholder shall be liable to assessments in each insurer but shall have voting rights only in the originating insurer. Each policy shall contain a provision advising the policyholder that there are other participating insurers and of his or her right to obtain their names, addresses and extent of their participation. Proportional insurance under this subsection is not reinsurance under sub. (m) or § 612.33 (1).

612.31(6)(c)

(c) The portion of the insurance contract assumed is, apart from territorial limitations, within the insuring authority of the reinsurer as determined by this chapter and any rules promulgated hereunder; and

612.31(6)(d)

(d) The ceding town mutual does not have voting rights in the reinsurer but pays the same advance premiums and is subject to assessment by the reinsurer on the same basis as members.

612.31(7)

(7) Special requirements. The commissioner may, as a condition for transacting specified types of business, establish by rule special requirements concerning minimum surplus, the minimum number of members or insured risks, the operating territory, required reinsurance, and approval by a specified percentage of the members, so far as such requirements are necessary to protect the interests of insureds and the public.