Vermont Statutes
§ 4981 — Definitions
Vermont·Title 8 Title 8: Banking and Insurance·Ch. 137 Chapter 137: Vermont Joint Underwriting Associations
As used in this chapter, unless the context otherwise requires:
(1)“Association” means a joint underwriting association established pursuant to this chapter.
(2)“Commissioner” means the Commissioner of Financial Regulation or a designee.
(3)“Property and casualty insurance” means all insurance covered under chapter 128 of this title relating to property and casualty rate regulation.
(4)“Member” means an insurer that is a member of an association.
(5)“Plan” means the plan of operation of the association approved or proposed by the Commissioner pursuant to this chapter. (Added 1985, No. 265 (Adj. Sess.), § 4, eff. June 4, 1986; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012; 2021, No. 105 (Adj. Sess.),
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Nearby Sections
12
§ 4981
Definitions§ 4983
Board of directors§ 4984
Plan of operation§ 4985
Policy forms and rates§ 4986
Deficits§ 4987
Annual statements§ 4988
Examination§ 4989
Immunity§ 4990
Rules; enforcement§ 4991
Appeal§ 4992
Termination