§ 618.01

618.01 Purposes. The purposes of this chapter are:(1) To protect insureds, creditors and the public in this state by providing adequate standards and an orderly procedure for the authorization of nondomestic insurers;(2) To prevent evasion by unauthorized insurers of the regulatory and tax laws of this state and to protect this state and its residents against loss from such action;(3) To subject unauthorized insurers and other persons doing an insurance business in this state to the jurisdiction of the commissioner and the courts of this state;(4) To protect authorized insurers from unfair competition by unauthorized insurers; and(5) To provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.History: 1971 c. 260.