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
004
:
INVESTMENTS AND LOANS
(Cite as: 8 V.S.A. § 3467)
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§ 3467. Qualification of investments
(a) Any restriction, exclusion, or provision appearing in any section of this chapter
shall apply only with respect to the authorization of the particular section in which
it appears and shall not be applicable to any other section. The qualification or
disqualification of an investment under one section shall not prevent its qualification
in whole or in part under another section, and an investment authorized by more than
one section may be held under whatever authorizing section the insurer elects. An
investment may be transferred from time to time at the election of the insurer to
the authority of any section under which it qualifies whether originally qualifying
thereunder or not.
(b) The qualification of an investment under a particular section of this chapter shall
be determined as of the date of its acquisition by the insurer or as of the date on
which the insurer becomes legally obligated to acquire the same as the case may be.
(c) As used herein, the word “section” shall include any subsections or specific provisions
authorizing a particular kind or class of investments.
(d) An investment instrument not specifically qualified under this subchapter shall be
deemed to qualify under this subchapter, based on the underlying nature of the actual
securities that comprise such investment instrument subject to the prior written permission
of the Commissioner. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 5, art. 3, § 3); amended 1999, No. 84 (Adj. Sess.), § 8, eff. April 19, 2000.)