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
004
:
RESERVE FUND
(Cite as: 8 V.S.A. § 4001)
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§ 4001. Assessments; accumulations; limitation
Domestic mutual fire insurance companies, in any year in which the assessments required
to pay losses and expenses would not equal five percent of the face of its premium
notes, may lay assessments not to exceed five percent and carry the amount not necessary
to pay losses and expenses of such year to a surplus account for the payment of future
fire losses and expenses. Such surplus shall at no time exceed 10 percent of the
face of the premium notes then in force.