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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 8 : Banking and Insurance

Chapter 101 : INSURANCE COMPANIES GENERALLY

Subchapter 006 : Filing of Policy Forms

(Cite as: 8 V.S.A. § 3542)
  • § 3542. Grounds for disapproval

    The Commissioner shall disapprove any form filed under this subchapter or withdraw any previous approval thereof, only on one or more of the following grounds:

    (1) if it is in any respect in violation of or does not comply with this act;

    (2) if it contains or incorporates by reference, where such incorporation is otherwise permissible, any inconsistent, ambiguous, or misleading clauses, or exceptions and conditions which deceptively affect the risk purported to be assumed in the general coverage of the contract;

    (3) if it has any title, heading, or other indication of its provisions which is misleading;

    (4) if it is printed or otherwise reproduced in such manner as to render any provision of the form substantially illegible. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 8, § 2).)