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
004A
:
STANDARD VALUATION LAW
(Cite as: 8 V.S.A. § 3791r)
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§ 3791r. Single state exemption
(a) The Commissioner may exempt specific product forms or product lines of a domestic
company that is licensed and doing business only in Vermont from the requirements
of section 3791n of this subchapter provided:
(1) the Commissioner has issued an exemption in writing to the company and has not subsequently
revoked the exemption in writing; and
(2) the company computes reserves using assumptions and methods used prior to the operative
date of the Valuation Manual in addition to any requirements established by rule adopted
by the Commissioner.
(b) For any company granted an exemption under this section, sections 3791c-3791m of this
subchapter shall be applicable. With respect to any company applying this exemption,
any reference to section 3791n found in sections 3791c-3791m of this subchapter shall
not be applicable. (Added 2015, No. 63, § 1, eff. June 17, 2015.)