Vermont Statutes
§ 3864 — Penalty for violation of sections 3463 and 3862
Such an insurance company failing to comply with the requirements of sections 3463 and 3862 of this title, within 60 days after notice from the Commissioner, shall reinsure its outstanding risks and proceed to liquidate its affairs, or the Commissioner may apply to the Superior Court for an injunction against such company and its officers. Subsequent proceedings shall be had in accordance with the general provisions of law relating to insurance companies.
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Nearby Sections
15
§ 3862
Minimum capital stock§ 3865
Mill mutual; fees§ 3867
Proof of loss§ 3870-3878
Repealed. 1973, No. 217 (Adj. Sess.), § 23.§ 3880
Notice of cancellation§ 3881
Notice of nonrenewal§ 3882
Renewal policies§ 3883
Notice requirements