Wisconsin Statutes 613.62 – Directors’ and officers’ liability and indemnification
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Terms Used In Wisconsin Statutes 613.62
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
(2) Indemnification. Sections 181.0871 to 181.0881 apply to service insurance corporations but no indemnification may be made until at least 30 days after notice to the commissioner, containing full details about the proposed indemnification.
(3) Insurance. Section 181.0883 applies to service insurance corporations.