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
005
:
RESERVES; DEPOSITS; PENSIONS
(Cite as: 8 V.S.A. § 3502)
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§ 3502. Insurance—Other life insurance and annuities
For all policies of insurance other than life insurance and annuities, the insurer
shall maintain reserves that shall place a sound value on its liabilities under such
policies and that shall not be less than the reserves according to appropriate standards
set forth in regulations issued by the Commissioner and, in no event, less in the
aggregate than the pro rata gross unearned premium reserve for such policies. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 6, § 2).)