The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
FORMATION
(Cite as: 8 V.S.A. § 3308a)
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§ 3308a. Reorganization formations
Notwithstanding sections 3302, 3303, 3304, 3307, 3308, and 3309 of this title, the Commissioner may permit the formation of an insurance company without capital
or surplus to be merged with or into or consolidated with an existing insurance company
authorized to do business under this chapter for the purpose of facilitating a reorganization
or acquisition transaction, including a triangular merger transaction, involving such
existing company. There shall be no more than one authorized insurance company surviving
reorganization under this section. (Added 1997, No. 54, § 1, eff. June 26, 1997.)