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
003
:
FIRE INSURANCE VALUATIONS
(Cite as: 8 V.S.A. § 3968)
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§ 3968. Penalty for violations
If an insurance company violates a provision of sections 3961-3967 of this title or if the Commissioner is satisfied, after a hearing, that a company declines or
refuses to write insurance on any building because of the requirement that the value
of such building shall be agreed upon as provided in section 3964 of this title, the Commissioner shall suspend its authority to do business in this State for such
period, not exceeding one year, as he or she may deem advisable.