Vermont § 5023 Surplus lines insurance; authorized

Vermont Statutes

§ 5023 — Surplus lines insurance; authorized

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 138 Chapter 138: Non-Admitted Insurers and Surplus Lines Insurance

Surplus lines insurance may be procured from non-admitted insurers, if:

(1)the insurance meets the conditions specified in section 5024 of this title;

(2)the insurance is placed through a licensed surplus lines broker;

(3)the insurer meets the conditions specified in section 5026 of this title; and

(4)all other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 19.)

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Surplus lines insurance may be procured from non-admitted insurers, if:
(1) the insurance meets the conditions specified in section 5024 of this title;
(2) the insurance is placed through a licensed surplus lines broker;
(3) the insurer meets the conditions specified in section 5026 of this title; and
(4) all other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 19.)

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