2010 Wisconsin Code
Chapter 645. Insurers rehabilitation and liquidation.
645.07 Cooperation of officers and employees.

645.07

645.07 Cooperation of officers and employees.

645.07(1)

(1) Duty to cooperate. Any officer, manager, trustee or general agent of any insurer, any attorney representing an insurer on any matter, and any other person with executive authority over or in charge of any segment of the insurer's affairs shall cooperate with the commissioner in any proceeding under this chapter or any investigation preliminary or incidental to the proceeding. "To cooperate" includes:

645.07(1)(a)

(a) To reply promptly in writing to any inquiry from the commissioner requesting a reply; and

645.07(1)(b)

(b) To make available and deliver to the commissioner any books, accounts, documents or other records, or information or property of or pertaining to the insurer and in the person's possession, custody or control.

645.07(2)

(2) Duty not to obstruct. No person may obstruct or interfere with the commissioner in the conduct of any delinquency proceeding or any investigation preliminary or incidental thereto.

645.07(3)

(3) Right to defend. This section does not make it illegal to resist by legal proceedings the petition for liquidation or other delinquency proceedings, or other orders.

645.07(4)

(4) Sanction. Any person included within sub. (1) who fails to cooperate with the commissioner, or any person who obstructs or interferes with the commissioner in the conduct of any delinquency proceeding or any investigation preliminary or incidental thereto, is subject to s. 601.64.

645.07 - ANNOT.

History: 1979 c. 93; 1979 c. 102 ss. 196, 236 (15); 1979 c. 177.