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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 8 : Banking and Insurance

Chapter 101 : INSURANCE COMPANIES GENERALLY

Subchapter 009 : Property and Casualty Insurance Guaranty Association

(Cite as: 8 V.S.A. § 3623)
  • § 3623. Recognition of assessments in rates

    The rates and premiums charged for insurance policies to which this subchapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member insurer less any amounts returned to the member insurer by the Association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer. (Added 1969, No. 279 (Adj. Sess.), § 15.)