Terms Used In Wisconsin Statutes > Chapter 632 > Subchapter VII - Fraternal Insurance

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Contract: A legal written agreement that becomes binding when signed.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. ^{Source: Federal Reserve}
• Month: means a calendar month unless otherwise expressed. See Wisconsin Statutes 990.01
• Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
• State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01