Vermont Statutes
§ 4842 — Action on bond
Action on the attorney’s bond or to recover against any such deposit made in lieu thereof may be brought at any time by one or more subscribers suffering loss through a violation of its conditions, or by a receiver or liquidator of the insurer. Amounts recovered on the bond shall be deposited in and become part of the insurer’s funds. The total aggregate liability of the surety shall be limited to the amount of the penalty of such bond.
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Legislative History
(Added 1971, No. 31, § 1, eff. March 31, 1971.)
Nearby Sections
15
§ 4831
Definitions§ 4834
Name; suits§ 4835
Attorney§ 4837
Certificate of authority§ 4838
Power of attorney§ 4839
Modifications§ 4840
Attorney’s bond§ 4841
Deposit in lieu of bond§ 4842
Action on bond§ 4844
Contributions to insurer