PocketLaw | Vermont Statutes | Insurance Companies Generally

Insurance Companies Generally

Checkout our iOS App for a better way to browser and research.

Purposes

Insurance defined

Plan of organization; incorporators

Mutual companies; directors, charter provisions as to

Capital and surplus requirements

Petition; hearing

Duties of Secretary of State, records

Consideration for stock

List of stockholders; certificate to transact business; liability of president and directors

Reorganization formations

Mutual insurers to commence business; when

Amendment of charter

Quorum

Construction with other laws

Proxies

Annual financial statements; reports; filing fee

Coordinated regulation

Corporate governance; disclosure

Requirements for license

Authority to transact various kinds of insurance business

Revocation of license

Authorization for investment purposes only

Plan of organization

Assets of companies

Retaliatory provisions

Transacting business without certificate of authority prohibited

Unauthorized and misleading transactions

Commissioner may enjoin unauthorized insurer

Service of process upon unauthorized insurer by director

Limits of risk

Legislative purpose and policy

Acts which constitute Secretary of State agent for service of process

Service upon the Secretary of State notice to defendant

Service upon other agents; notice to defendant

Repealed. 1971, No. 185 (Adj. Sess.), § 237, eff. March 29, 1972.

Effect on other modes of service

Prerequisites to defense of action

Postponements

Motion to quash for improper service

Attorney's fees

Mutualization of stock insurer

Mutual insurers-Prohibitions

Converting mutual insurer or mutual insurance holding company

Procedure for merger

Procedure for consolidation

Effective date of merger or consolidation

Voting

Rights of dissenting shareholders

Rights of dissenting members or policyholders

Effect of merger or consolidation

Merger or consolidation between domestic and foreign insurers-Requirements

Transfer of deposits

Certificates of fees and commissions paid

Fees-Penalty for receiving

Repealed. 1993, No. 235 (Adj. Sess.), § 11.

Repealed. 1999, No. 84 (Adj. Sess.), § 7, eff. April 19, 2000.

Redomestication; approval as a domestic insurer

Redomestication; conversion to foreign insurer

Effects of redomestication

Redomestication; fees

Formation of a mutual insurance holding company

Merger of mutual insurance company into an existing mutual insurance holding company; merger and acquisition by mutual insurance holding company or subsidiary of mutual insurance holding company

Regulated as an insurance company

Demutualization of a mutual insurance holding company

Membership interest not a security

Filing of amended charters

Definitions

General limitations and diversification requirements for property and casualty, financial guaranty and mortgage guaranty insurers

General limitations and diversification requirements for life and health insurers

Rated credit investments

Registration or filing exemption

Investments-Foreign insurers

Domestic insurers

Valuation of investments

Repealed. 1981, No. 15, § 3.

Exemption from investment limitations

Repealed. 1999, No. 84 (Adj. Sess.), § 7, eff. April 19, 2000.

Qualification of investments

Investments qualified under prior law

Loans to directors and officers-Restrictions

Mortgage loans to minors

Mortgages on real and personal property as liens; priorities

Earnings statements and income ratios-Special situations

Life insurance and annuities

Insurance-Other life insurance and annuities

Deposits of domestic insurer doing foreign business

Pension system

Filing and approval of forms

Grounds for disapproval

Existing forms and filings

Repealed. 2007, No. 49, § 6.

Fees assessed by the National Association of Insurance Commissioners

Sections
3553-3560 [Reserved for future use.]

3553-3560 [Reserved for future use.].

Annual statement

Time reports due

Examination of companies; fees

Examination of foreign insurers; expenses

Examination of officers and books

Penalty for refusal

Liquor liability insurance records

Preservation of records

National Association of Insurance Commissioners filing requirements

Immunity

Confidentiality

Revocation of certificate of authority

Conduct of examinations

Examination reports

Conflict of interest

Immunity from liability

Requirements for actuarial opinions

Repealed. 2013, No. 29, § 24, eff. May 13, 2013.

Annual financial reporting

Qualified accountants

Purpose; scope; intent

Definitions

Risk management framework

ORSA requirement

Summary report

Exemption

Contents of ORSA summary report

Confidentiality

Sanctions

Sections
3591-3603 Repealed

1991, No. 45, § 3, eff. May 29, 1991.

Offset [Section 3604 repealed by 1991, No 45, {/n 3;.]

Scope of subchapter; short title

Definitions

Creation of Association

Board of Directors

Powers and duties of Association

Plan of operation

Powers and duties of Commissioner

Effect of paid claims

Nonduplication of recovery

Prevention of insolvencies

Examination of Association

Tax exemption

Recognition of assessments in rates

Immunity

Stay of proceedings; reopening of default judgment

Prohibition against advertising of membership in Association

Sections
3631-3633 Repealed

1985, No. 145 (Adj. Sess.), § 4.

Repealed. 1991, No. 249 (Adj. Sess.), § 12.

Credit for reinsurance

Insolvency of ceding company

Reinsurance contract

Claims, rights, title, and interests of nonresidents

Liability for payments to nonresidents

Cease and desist powers; prosecutions and penalties

Nonpayment of judgment; penalty

Minimum limitation on actions; void policy provisions

Forms; filing proof of loss and other documents, waiver of filing

Timely payment of claims; interest; damages

Rules; methods of notice

Disclosure of information

Immunity

Penalty for noncompliance

Definitions

Subsidiaries of insurers

Acquisition of control of or merger with domestic insurer

Acquisitions involving insurers not otherwise covered

Registration of insurers

Standards and management of an insurer within an insurance holding company system

Examination

Confidential treatment

Rules and regulations

Injunctions; prohibitions against voting securities; sequestration of voting securities

Sanctions

Receivership

Revocation, suspension, or nonrenewal of insurer's license

Judicial review

Recovery

Supervisory colleges

Groupwide supervisor; internationally active insurance group