Wisconsin Statutes
Wis. Stat. § 645.01 (2026)
Short title, construction and purpose
✓ current as of July 2026
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645.01(1)(1) Short title. This chapter may be cited as the “Insurers Rehabilitation and Liquidation Act”.
645.01(2)(2) Construction: no limitation of powers. This chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of the law.
645.01(3)(3) Liberal construction. This chapter shall be liberally construed to effect the purpose stated in sub. (4).
645.01(4)(4) Purpose. The purpose of this chapter is the protection of the interests of insureds, creditors, and the public generally, with minimum interference with the normal prerogatives of proprietors, through:
645.01(4)(a)(a) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures, neither unduly harsh nor subject to the kind of publicity that would needlessly damage or destroy the insurer;
645.01(4)(b)(b) Improved methods for rehabilitating insurers, by enlisting the advice and management expertise of the insurance industry;
645.01(4)(c)(c) Enhanced efficiency and economy of liquidation, through clarification and specification of the law, to minimize legal uncertainty and litigation;
645.01(4)(e)(e) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extension of the scope of personal jurisdiction over debtors of the insurer outside this state; and
645.01(4)(f)(f) Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business.
645.01 AnnotationAlthough the circuit court had subject matter jurisdiction, because New Jersey had adopted insurance rehabilitation legislation similar to this chapter that sought to satisfy the same policy objectives as this chapter, the principal of comity required the court to yield to the rehabilitation court in New Jersey and dismiss the claim of a Wisconsin resident against the insurer. Isermann v. MBL Life Assurance Corp., 231 Wis. 2d 136, 605 N.W.2d 210 (Ct. App. 1999), 98-2846.
Notes of Decisions
Cited in 8
cases (1 in the last 5 years), 1980–2025 · leading case: Koken v. Reliance Ins., 893 A.2d 70 (Pa. 2006).
Koken v. Reliance Ins., 893 A.2d 70 (Pa. 2006). “See Wis. Stat. § 645.01 et seq. In the Liquidator’s view, the filing of a POC is a statutory event which releases the policy holder up to the applicable insurance policy limits.”
State of Wisconsin Dep't of Just. v. State of Wisconsin Dep't of Workforce Dev., 2015 WI 114 (Wis. 2015). “§ 645.01 (3) (Insurers Rehabilitation and Liquidation).”
Isermann v. MBL Life Assurance Corp., 605 N.W.2d 210 (Wis. Ct. App. 1999). “4 Section 645.01(4), STATS., states the following purposes of Wisconsin's Insurers Rehabilitation and Liquidation Act: (a) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures, neither unduly harsh nor…”
McNamee v. James F. Jackson & Assocs., Inc., 484 F. Supp. 623 (E.D. Wis. 1980). “; title to the insurance company’s assets vests in him and not in the State of Wisconsin, § 645.42(1), Wis.Stats.; and he functions at least in part for the protection of the creditors of the insured and not merely for the protection of the public generally, § 645.”
Lentz v. Trinchard, 730 F. Supp. 2d 567 (E.D. La. 2010). “See Wis. Stat. § 645.01 (4)(c)(identifying the minimization of litigation as a purpose of the WIRLA).”
Nickel v. Wells Fargo Bank, 2013 WI App 129 (2013). “" Wis. Stat. § 645.01 (3), (4). Under Wisconsin's insurance rehabilitation statutory scheme, rehabilitation "may be used when there is a chance of saving the insurer without unduly endangering the interests of others.”
In re the Rehab. of Segregated Account of Ambac Assurance Corp., 2012 WI 22 (2012). “*53 Wis. Stat. § 645.01 (4)(2009-10). All subsequent references to the Wisconsin Statutes are to the 2009-10 version unless otherwise indicated.”
In the Matter of the Liquidation of Scottish RE (U.S.) Inc. (Del. Ch. 2025). “The State Page Key lists West Virginia as having 6 State UILA IRLMA IRMA WI Wis. Stat. § 645.01 WY Wyo. Stat. Ann. § 26-28-119 adopted a previous version of the NAIC model act, which appears to refer to the IRLMA.”
— Wis. Stat. § 645.01(4) — 2 cases
Isermann v. MBL Life Assurance Corp., 605 N.W.2d 210 (Wis. Ct. App. 1999). “4 Section 645.01(4), STATS., states the following purposes of Wisconsin's Insurers Rehabilitation and Liquidation Act: (a) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures, neither unduly harsh nor…”
McNamee v. James F. Jackson & Assocs., Inc., 484 F. Supp. 623 (E.D. Wis. 1980). “; title to the insurance company’s assets vests in him and not in the State of Wisconsin, § 645.42(1), Wis.Stats.; and he functions at least in part for the protection of the creditors of the insured and not merely for the protection of the public generally, § 645.”
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