Vermont § 1401 Purchase of insurance

Vermont Statutes

§ 1401 — Purchase of insurance

Vermont § 1401

Title 29Title 29: Public Property and Supplies

Ch. 55Chapter 055: State Insurance

This text of Vermont § 1401 (Purchase of insurance) 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. 29, § 1401 (2026).

Text

The Secretary of Administration shall secure insurance coverage for the benefit of the State and its employees while performing official duties, in fire and casualty companies authorized to do business in this State in such amounts and such coverages as deemed for the best interests of the State. Insurance policies covering the State shall provide that loss, if any, shall be payable to the State. All policies shall be filed and kept in the office of the Secretary of Administration. The cost of all insurance purchased and the cost of managing such purchases shall be borne by the department or board for whose benefit it is purchased. (Added 1959, No. 328 (Adj. Sess.), § 14; amended 1985, No. 242 (Adj. Sess.), § 306; 1995, No. 148 (Adj. Sess.), § 4(a), eff. May 6, 1996; 2013, No. 50, § E.101.

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The Secretary of Administration shall secure insurance coverage for the benefit of the State and its employees while performing official duties, in fire and casualty companies authorized to do business in this State in such amounts and such coverages as deemed for the best interests of the State. Insurance policies covering the State shall provide that loss, if any, shall be payable to the State. All policies shall be filed and kept in the office of the Secretary of Administration. The cost of all insurance purchased and the cost of managing such purchases shall be borne by the department or board for whose benefit it is purchased. (Added 1959, No. 328 (Adj. Sess.), § 14; amended 1985, No. 242 (Adj. Sess.), § 306; 1995, No. 148 (Adj. Sess.), § 4(a), eff. May 6, 1996; 2013, No. 50, § E.101.)