{"data":{"id":"us-wi/wis.-stat.-611.61","jurisdiction":"us-wi","citation":"Wis. Stat. § 611.61","heading":"Transactions of insurers with affiliates.","body":"(1) Restricted transactions. No transaction may be entered into between an insurer authorized to do business in this state and any affiliate unless:\n(a) The transaction at the time it is entered into is reasonable and fair to the interests of the insurer;\n(b) The books, accounts and records of each party to the transaction are kept in a manner that clearly and accurately discloses the nature and details of the transaction and in accordance with generally accepted accounting principles permits ascertainment of charges relating to the transaction; and\n(c) If the transaction is a reinsurance transaction, it is reported to the commissioner immediately if the insurer is a domestic corporation.\n(2) Voidability. Transactions entered into by domestic corporations in violation of sub. (1) are voidable by the corporation.","path":["Chs. 600-655, Insurance","Chapter 611 Domestic Stock And Mutual Insurance Corporations","SUBCHAPTER IV MANAGEMENT OF INSURANCE CORPORATIONS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/611.61","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:30Z","sha256":"861dc520de78aef657184c443bf92cfd06c7e11702592fc79cb4a345eb549ec2","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-611.60","next":"us-wi/wis.-stat.-611.62"},"notice":"GroundRules: Original legal text. Not legal advice."}