Vermont § 8309 Supplemental provisions

Vermont Statutes

§ 8309 — Supplemental provisions

Vermont § 8309

Title 8Title 8: Banking and Insurance

Ch. 159Chapter 159: Risk-Based Capital for Insurers

This text of Vermont § 8309 (Supplemental 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, § 8309 (2026).

Text

(a)The provisions of this chapter are in addition to any other provisions of the laws of this State and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including chapter 145 of this title.

(b)The Commissioner may adopt rules necessary for the implementation of this chapter.

(c)The Commissioner may exempt from the application of this chapter any domestic property and casualty insurer that:

(1)writes direct business only in this State;

(2)writes direct annual premiums of $2,000,000.00 or less; and

(3)assumes no reinsurance in excess of five percent of direct premium written. (Added 1993, No. 235 (Adj. Sess.), § 8, eff. June 21, 1994; amended 2013, No. 29, § 41, eff. May 13, 2013.)

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(a) The provisions of this chapter are in addition to any other provisions of the laws of this State and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including chapter 145 of this title.
(b) The Commissioner may adopt rules necessary for the implementation of this chapter.
(c) The Commissioner may exempt from the application of this chapter any domestic property and casualty insurer that:
(1) writes direct business only in this State;
(2) writes direct annual premiums of $2,000,000.00 or less; and
(3) assumes no reinsurance in excess of five percent of direct premium written. (Added 1993, No. 235 (Adj. Sess.), § 8, eff. June 21, 1994; amended 2013, No. 29, § 41, eff. May 13, 2013.)