{"data":{"id":"us-wi/wis.-stat.-645.035","jurisdiction":"us-wi","citation":"Wis. Stat. § 645.035","heading":"Bankruptcy petition is prohibited.","body":"(1) In this section, “bankruptcy proceeding” means any proceeding under 11 USC 101 to 1330.\n(2) No insurer may commence a bankruptcy proceeding in which the insurer is a debtor.\n(3) No person, including an insurer, may commence a bankruptcy proceeding against an insurer.\n(4) No board of directors, director or officer of an insurer may authorize the commencement of a bankruptcy proceeding in which the insurer is a debtor or the commencement of a bankruptcy proceeding against an insurer. Any act, resolution, filing or other matter that purports to authorize the commencement of a bankruptcy proceeding in which the insurer is a debtor or against an insurer is void and without effect.\n(5) This section applies to all insurers, including but not limited to an insurer doing business as a health maintenance organization, as defined in s. 609.01 (2).","path":["Chs. 600-655, Insurance","Chapter 645 Insurers Rehabilitation And Liquidation","SUBCHAPTER I GENERAL PROVISIONS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/645.035","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:32Z","sha256":"403353bed6be6d9cff158db617382055546df5bf7f5508d21ac985ae5c7b6dfc","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-645.03","next":"us-wi/wis.-stat.-645.04"},"notice":"GroundRules: Original legal text. Not legal advice."}