Insurance Company Securities
Statute: § 551.201(4), Wis. Stats.
Used for: A security used by and representing an interest in, or a debt of, or insured or guaranteed by, an insurer authorized to do business in Wisconsin.
Filing requirement: Self-Executing. No filing or Consent to Service of Process is necessary in order to claim this exemption.
Frequently asked questions:
Q: Is the exemption self-executing?
A: Yes. No filing or Consent to Service of Process is required.
History: Predecessor statute 551.22(16), Wis. Stats., adopted on January 1, 1970. There was no parallel section in the Uniform Securities Act of 1956. Repealed and recreated effective January 1, 2009, incident to adoption of Uniform Securities Act of 2002.