Vermont § 5025 Exceptions concerning placement of insurance with non-admitted insurers; records

Vermont Statutes

§ 5025 — Exceptions concerning placement of insurance with non-admitted insurers; records

Vermont § 5025

Title 8Title 8: Banking and Insurance

Ch. 138Chapter 138: Non-Admitted Insurers and Surplus Lines Insurance

This text of Vermont § 5025 (Exceptions concerning placement of insurance with non-admitted insurers; records) 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, § 5025 (2026).

Text

The provisions of this chapter controlling the placement of insurance with non-admitted insurers shall not apply to life insurance, health insurance, annuities, or reinsurance, nor to the following insurance when so placed by any licensed producer in this State:

(1)insurance on subjects whose home state is other than Vermont;

(2)insurance on the property or operations of aircraft or railroads engaged in transportation in interstate and foreign commerce; or

(3)insurance of vessels, crafts or hulls, cargoes, marine builder’s risks, marine protection and indemnity, or other risks, including strikes and war risks commonly insured under ocean or wet marine forms of policy. (Added 1979, No. 50, § 2; amended 2001, No. 97 (Adj. Sess.), § 19; 2011, No. 49, § 4, eff. May 26, 2011.)

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The provisions of this chapter controlling the placement of insurance with non-admitted insurers shall not apply to life insurance, health insurance, annuities, or reinsurance, nor to the following insurance when so placed by any licensed producer in this State:
(1) insurance on subjects whose home state is other than Vermont;
(2) insurance on the property or operations of aircraft or railroads engaged in transportation in interstate and foreign commerce; or
(3) insurance of vessels, crafts or hulls, cargoes, marine builder’s risks, marine protection and indemnity, or other risks, including strikes and war risks commonly insured under ocean or wet marine forms of policy. (Added 1979, No. 50, § 2; amended 2001, No. 97 (Adj. Sess.), § 19; 2011, No. 49, § 4, eff. May 26, 2011.)