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
001
:
GENERALLY
(Cite as: 8 V.S.A. § 3864)
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§ 3864. Penalty for violation of sections 3463 and 3862
Such an insurance company failing to comply with the requirements of sections 3463 and 3862 of this title, within 60 days after notice from the Commissioner, shall reinsure its outstanding
risks and proceed to liquidate its affairs, or the Commissioner may apply to the Superior
Court for an injunction against such company and its officers. Subsequent proceedings
shall be had in accordance with the general provisions of law relating to insurance
companies.