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
013
:
HOLDING COMPANIES AND SUBSIDIARIES
(Cite as: 8 V.S.A. § 3691)
-
§ 3691. Receivership
Whenever it appears to the Commissioner that any person has committed a violation
of this subchapter that so impairs the financial condition of a domestic insurer as
to threaten insolvency or make the further transaction of business by it hazardous
to its policyholders, creditors, shareholders, or the public, then the Commissioner
may proceed as provided in chapter 145 of this title. (Added 1971, No. 72, § 2; amended 1993, No. 12, § 7, eff. April 26, 1993.)