# Wis. Stat. § 632.10: Definitions applicable to property insurance escrow

> Wisconsin · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.10

## Section

- **Citation:** Wis. Stat. § 632.10
- **Heading:** Definitions applicable to property insurance escrow
- **Jurisdiction:** Wisconsin
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WI Code / Chapter 632 / Section 632.10

## Text

In ss. 632.10 to 632.104 :

(1) “Building and safety standards” means the requirements of chs. 101 and 145 and of any rule promulgated by the department of safety and professional services under ch. 101 or 145 , and standards of a 1st class city relating to the health and safety of occupants of buildings.

(2) “Deliver” means delivery in person, or delivery by deposit with the U.S. postal service of certified or 1st class mail addressed to the recipient at the recipient’s last-known address.

(3) “Final settlement” means the amount that an insurer owes under a property insurance policy to the named insured and other interests named in the policy for loss to any insured building or other structure affixed to land that is caused by fire or explosion, excluding any amount payable for loss to contents or other personal property, for loss of use or business interruption and any amount payable under liability coverage under the policy, and that is determined by any of the following means:

(a) Acceptance of a proof of loss by the insurer.

(b) Execution of a release by the named insured.

(c) Acceptance of an arbitration award by the insurer and named insured.

(d) Judgment of a court of competent jurisdiction.

History: 1989 a. 347 ; 1995 a. 27 ss. 7041 , 9116 (5) ; 2011 a. 32 .

## Nearby sections

- [Wis. Stat. § 632.05 Indemnity amounts.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.05.md)
- [Wis. Stat. § 632.07 Prohibiting requiring property insurance in excess of replacement value.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.07.md)
- [Wis. Stat. § 632.08 Mortgage clause.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.08.md)
- [Wis. Stat. § 632.09 Choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.09.md)
- [Wis. Stat. § 632.10 Definitions applicable to property insurance escrow.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.10.md)
- [Wis. Stat. § 632.11 Residential contractors and postloss assignment of rights or benefits.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.11.md)
- [Wis. Stat. § 632.14 Bonds need not be under seal.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.14.md)
- [Wis. Stat. § 632.17 Validity of surety bonds.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.17.md)
- [Wis. Stat. § 632.18 Rustproofing warranties insurance.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.18.md)
- [Wis. Stat. § 632.22 Required provisions of liability insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.22.md)
- [Wis. Stat. § 632.23 Prohibited exclusions in aircraft insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.23.md)
- [Wis. Stat. § 632.24 Direct action against insurer.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.24.md)
- [Wis. Stat. § 632.25 Limited effect of conditions in employer’s liability policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.25.md)
- [Wis. Stat. § 632.26 Notice provisions.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.26.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.10. Check the current official text before relying on it. Not legal advice.