PocketLaw | Vermont Statutes | Non-admitted Insurers And Surplus Lines

Non-admitted Insurers And Surplus Lines Insurance

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

Non-Admitted Insurance Act; short title

Definitions

Surplus lines insurance; authorized

Domestic surplus lines insurer; authorized

Conditions for placement of insurance

Exceptions concerning placement of insurance with non-admitted insurers; records

Solvent insurers required

Evidence of the insurance; changes; penalty

Information required on contract

Surplus lines insurance valid

Liability of surplus lines insurer for losses and unearned premiums

Licensing of surplus lines brokers

Surplus lines broker may accept business from other producers

Records of surplus lines broker

Quarterly reports; summary of exported business

Surplus lines tax

Direct placement of insurance

Suspension, revocation, or refusal of surplus lines broker's license

Actions against insurer; service of process

Penalties

Separability of provisions