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. § 3693)
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§ 3693. Judicial review
(a) Any person aggrieved by any act, determination, rule, regulation, or order or any
other action of the Commissioner pursuant to this subchapter may appeal therefrom
to the Superior Court. The Court shall conduct its review without a jury and by trial
de novo, except that if all parties, including the Commissioner, so stipulate, the
review shall be confined to the record. Portions of the record may be introduced
by stipulation into evidence in a trial de novo as to those parties so stipulating.
(b) The filing of an appeal pursuant to this section shall stay the application of any
such rule, regulation, order or other action of the Commissioner to the appealing
party unless the Court, after giving such party notice and an opportunity to be heard,
determines that such a stay would be detrimental to the interests of policyholders,
shareholders, creditors, or the public.
(c) Any person aggrieved by any failure of the Commissioner to act or make a determination
required by this subchapter may file a complaint in the Superior Court for an order
directing the Commissioner to act or make such determination forthwith. (Added 1971, No. 72, § 2; amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)