Wisconsin § 609.96 - Initial capital and surplus requirements.
Full text of Wisconsin Wisconsin Statutes § 609.96 — Initial capital and surplus requirements., with citation guidance and answers to common questions.
§ 609.96. Initial capital and surplus requirements.
609.96(1) (1) Minimum capital and permanent surplus. 609.96(1)(a) (a) Except as provided in par. (b) , if a health maintenance organization insurer is first licensed or organized on or after July 1, 1989, the minimum capital or permanent surplus for the health maintenance organization insurer is $750,000. 609.96(1)(b) (b) The commissioner may require a greater amount or permit a lesser amount than that specified under sub. (1) by rule promulgated, or order issued, on or after July 1, 1989. 609.96(2) (2) Initial expendable surplus. A health maintenance organization insurer subject to sub. (1) shall have an initial expendable surplus, after payment of all organizational expenses, of at least 50 percent of the minimum capital or minimum permanent surplus required under sub. (1) , or such other percentage as the commissioner specifies by rule promulgated, or order issued, on or after July 1, 1989. 609.96 History History: 1989 a. 23 .
Frequently Asked Questions About Wisconsin § 609.96
What does Wisconsin Statutes § 609.96 cover?
Section 609.96 ("Initial capital and surplus requirements.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 609.96?
A common citation format is "Wisconsin Statutes § 609.96" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 609.96 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.