For the purposes of this chapter, unless the context indicates otherwise: (1) “Directly procured insurance” means insurance procured under s. 618.42. (2) “Doing an insurance business” includes: (a) Soliciting, making, or proposing to make an insurance contract; (b) Taking or receiving an application for insurance; (c) Collecting or receiving, in full or in part, an insurance premium; (d) Issuing or delivering an insurance policy except as a messenger not employed by the insurer or by an insurance agent or broker; (e) Inspecting risks, setting rates, disseminating information or advising on risk management in connection with the solicitation, negotiating, procuring or effectuation of insurance coverage; (f) Investigating, settling, adjusting or litigating claims; (g) In any way representing or assisting any person to do an insurance business or to procure insurance; and (h) Any other act generally regarded as doing an insurance business. (3) “Doing an insurance business” does not include: (a) Acting as an attorney for a client; and (b) Acting as a full-time salaried employee of an insured in the capacity of an insurance buyer or manager.
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