Section 617.01. Construction and purpose.

Latest version.

(1) Construction. This chapter shall be liberally construed to achieve the purpose of sub. (2) , which shall constitute an aid and guide to interpretation but not an independent source of power.

(2) Purpose. The purpose of this chapter is to protect the interests of insureds, stockholders and of the public against intercorporate transactions among affiliates that may affect the solidity of insurers authorized to do business in this state or otherwise be detrimental to protected interests.

                    
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