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
009
:
PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
(Cite as: 8 V.S.A. § 3619)
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§ 3619. Nonduplication of recovery
(a) Any person having a claim against an insurer under any provision in an insurance policy
other than policy of an insolvent insurer that is also a covered claim, shall be required
to exhaust first his or her right under such policy. Any amount payable on a covered
claim under this subchapter shall be reduced by the amount of any recovery under such
insurance policy.
(b) Any person having a claim that may be recovered from more than one insurance guaranty
association or its equivalent shall seek recovery first from the Association of the
place of residence of the insured except that if it is a first party claim for damage
to property with a permanent location, he or she shall seek recovery first from the
association of the location of the property, and if it is a workers’ compensation
claim, he or she shall seek recovery first from the association of the residence of
the claimant. Any recovery under this subchapter shall be reduced by the amount of
recovery from any other insurance guaranty association or its equivalent. (Added 1969, No. 279 (Adj. Sess.), § 11; amended 1979, No. 18, § 16; 1981, No. 165 (Adj. Sess.), § 1.)