(d) Demand and receive money due or claimed by the principal or on the principal’s behalf in the operation of the entity or business and control and disburse the money in the operation of the entity or business.
(8) Put additional capital into an entity or business in which the principal has an interest.
(9) Join in a plan of reorganization, consolidation, conversion, domestication, or merger of the entity or business.
(10) Sell or liquidate all or part of an entity or business.
(11) Establish the value of an entity or business under a buy−out agreement to which the principal is a party.
(12) Prepare, sign, file, and deliver reports, compilations of information, returns, or other papers with respect to an entity or business and make related payments.
(13) Pay, compromise, or contest taxes, assessments, fines, or penalties and perform any other act to protect the principal from illegal or unnecessary taxation, assessments, fines, or penalties, with respect to an entity or business, including attempts to recover, in any manner permitted by law, money paid before or after the execution of the power of attorney.
244.50 Insurance and annuities. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to do all of the following:
(1) Continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by or on behalf of the principal which insures or provides an annuity to either the principal or another person, whether or not the principal is a beneficiary under the contract.
(2) Procure new, different, and additional contracts of insurance and annuities for the principal and the principal’s spouse or domestic partner, children, and other dependents, and select the amount, type of insurance or annuity, and mode of payment.
(3) Pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract of insurance or annuity procured by the agent.
(4) Apply for and receive a loan secured by a contract of insurance or annuity.
(5) Surrender and receive the cash surrender value on a contract of insurance or annuity.
(6) Exercise an election.
(7) Exercise investment powers available under a contract of insurance or annuity.
(8) Change the manner of paying premiums on a contract of insurance or annuity.
(9) Change or convert the type of insurance or annuity with respect to which the principal has or claims to have authority described in this section.
(10) Apply for and procure a benefit or assistance under a statute, rule, or regulation to guarantee or pay premiums of a contract of insurance on the life of the principal.
(11) Collect, sell, assign, hypothecate, borrow against, or pledge the interest of the principal in a contract of insurance or annuity.
(12) Select the form and timing of the payment of proceeds from a contract of insurance or annuity.
(13) Pay, from proceeds or otherwise, compromise or contest, and apply for refunds in connection with, a tax or assessment levied by a taxing authority with respect to a contract of insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment.
244.51 Estates, trusts, and other beneficial interests.
(1) In this section, “estates, trusts, and other beneficial interests” means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be, entitled to a share or payment.