Vermont § 5037 Suspension, revocation, or refusal of surplus lines broker’s license

Vermont Statutes

§ 5037 — Suspension, revocation, or refusal of surplus lines broker’s license

Vermont § 5037

Title 8Title 8: Banking and Insurance

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

This text of Vermont § 5037 (Suspension, revocation, or refusal of surplus lines broker’s license) 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, § 5037 (2026).

Text

The Commissioner may suspend, revoke, or refuse to renew the license of a surplus lines broker after notice and hearing as provided under 3 V.S.A. chapter 25, upon any one or more of the following grounds:

(1)failure to make accounts and records relating to domestic risks from this State available to the Commissioner during the period when such accounts and records are required to be maintained under section 5033 of this title;

(2)closing of the surplus lines broker’s office for a period of more than 30 consecutive days, unless permission is granted by the Commissioner;

(3)failure to make and file required quarterly reports;

(4)failure to transmit required tax on surplus lines premiums;

(5)suspension, revocation, or refusal to renew any other license issued by the Commissioner;

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The Commissioner may suspend, revoke, or refuse to renew the license of a surplus lines broker after notice and hearing as provided under 3 V.S.A. chapter 25, upon any one or more of the following grounds:
(1) failure to make accounts and records relating to domestic risks from this State available to the Commissioner during the period when such accounts and records are required to be maintained under section 5033 of this title;
(2) closing of the surplus lines broker’s office for a period of more than 30 consecutive days, unless permission is granted by the Commissioner;
(3) failure to make and file required quarterly reports;
(4) failure to transmit required tax on surplus lines premiums;
(5) suspension, revocation, or refusal to renew any other license issued by the Commissioner;
(6) lack of qualifications as for an original surplus lines broker’s license;
(7) material violation of any provision of this chapter; or
(8) for any other cause for which a license could be denied, revoked, suspended, or renewal refused under section 4804 of this title. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 12; 2001, No. 97 (Adj. Sess.), § 19; 2011, No. 49, § 11, eff. May 26, 2011.)