Wisconsin Code § 601.55

Nondomestic insurers; additional requirements
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If another state or a foreign country requires domestic
insurers doing business in that state or foreign country to deposit
security, to pay a fee or tax not included in the computation under
s. 76.66, to pay a fine or penalty or to comply with an obligation,
prohibition or restriction that is in addition to or greater than requirements imposed by this state on nondomestic insurers doing a
similar business in this state, this state may, as a condition for issuing a license to an insurer domiciled in that state or foreign
country, impose a similar security requirement, fee, tax, fine,
penalty, obligation, prohibition or restriction.

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