The purposes of chs. 611 to 616 are: (1) To provide an orderly procedure by which insurers may be created, governed and dissolved; (2) To provide for procedures to merge, consolidate or convert various kinds of insurers; (3) To provide for structure and management that will maximize democratic participation in the operation of insurers; and (4) To prevent or control self-dealing by management in order to protect the interests of shareholders, policyholders, members, subscribers and the public.
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