Surplus lines insurance; authorized

  1. Law
  2. Vermont Statutes
  3. Banking and Insurance
  4. Non-admitted Insurers And Surplus Lines Insurance
  5. Surplus lines insurance; authorized

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§ 5023. Surplus lines insurance; authorized

Surplus lines insurance may be procured from non-admitted insurers, if:

(1) The insurance meets the conditions specified in section 5024 of this title;

(2) The insurance is placed through a licensed surplus lines broker;

(3) The insurer meets the conditions specified in section 5026 of this title; and

(4) All other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; amended 2001, No. 97 (Adj. Sess.), § 19.)


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