Wisconsin Statutes 623.04 – Valuation of liabilities
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Terms Used In Wisconsin Statutes 623.04
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Promulgate: when used in connection with a rule, as defined under…. See Wisconsin Statutes 990.01
The commissioner shall promulgate rules specifying the liabilities required to be reported by insurers in the financial statements submitted under s. 601.42 (1g) (a) and the methods of valuing them. In the case of life insurance such methods shall be consistent with s. 623.06.