Wisconsin Statutes 630.15 – Prohibited relationships between life insurers and funeral directors or cemeteries
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Terms Used In Wisconsin Statutes 630.15
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
No life insurer may invest directly in or, except as a loan secured by a mortgage on real estate or as a policy loan, lend money to a funeral director or cemetery or any association of funeral directors or cemeteries. No funeral director or cemetery or association of funeral directors or cemeteries may control a life insurer.