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
003
:
MERGERS, CONSOLIDATIONS, CONVERSIONS, MUTUALIZATIONS, BULK REINSURANCE, SUBSIDIARIES
(Cite as: 8 V.S.A. § 3438)
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§ 3438. Redomestication; conversion to foreign insurer
Any domestic insurer may, upon the approval of and compliance with such conditions
as may be imposed by the Commissioner, transfer its domicile, in accordance with the
laws thereof, to any other state or jurisdiction, and upon such a transfer shall cease
to be a domestic insurer, and its corporate or other legal existence in this State
shall cease upon the filing of proof of such redomestication with the Secretary of
State and upon payment to the Secretary of State of a filing fee in the amount of
$100.00. Such insurer shall be admitted to this State if qualified as a foreign or
alien insurer, upon compliance with the qualification requirements for foreign or
alien insurers to the extent not waived by the Commissioner. (Added 1991, No. 41, § 2.)