Vermont § 4520 Reciprocal provisions

Vermont Statutes

§ 4520 — Reciprocal provisions

Vermont § 4520

Title 8Title 8: Banking and Insurance

Ch. 123Chapter 123: Nonprofit Hospital Service Corporations

This text of Vermont § 4520 (Reciprocal provisions) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 4520 (2026).

Text

A corporation organized under the laws of another state or country that, except as to state of organization, is a hospital service corporation as defined by section 4511 of this title, and that the Commissioner finds has fully complied with the laws of such other state or country, shall be entitled to do business within this State, subject to the provisions of this chapter, after obtaining a license as provided by section 4513 of this title. But such corporation organized under the laws of another state or country shall not be entitled to such license or to do business in this State unless such other state or country grants substantially similar rights and privileges to hospital service corporations organized under the laws of this State. The Commissioner shall determine whether rights and

Free access — add to your briefcase to read the full text and ask questions with AI

A corporation organized under the laws of another state or country that, except as to state of organization, is a hospital service corporation as defined by section 4511 of this title, and that the Commissioner finds has fully complied with the laws of such other state or country, shall be entitled to do business within this State, subject to the provisions of this chapter, after obtaining a license as provided by section 4513 of this title. But such corporation organized under the laws of another state or country shall not be entitled to such license or to do business in this State unless such other state or country grants substantially similar rights and privileges to hospital service corporations organized under the laws of this State. The Commissioner shall determine whether rights and privileges granted by other states or countries are substantially similar to those granted by this State, and his or her determination shall be final.