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.
(Cite as: 8 V.S.A. § 4485)
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§ 4485. Foreign or alien society; admission
(a) No foreign or alien society may transact business in this State without a license
issued by the Commissioner of Financial Regulation. Any such society may be licensed
to transact business in this State upon filing with the Commissioner of Financial
Regulation:
(1) a duly certified copy of its charter or articles of incorporation;
(2) a copy of its constitution and laws, certified by its secretary or corresponding officer;
(3) a power of attorney to the Secretary of State as prescribed in section 4489 of this title;
(4) a statement of its business under oath of its president and secretary or corresponding
officers in a form prescribed by the Commissioner of Financial Regulation, duly verified
by an examination made by the supervising insurance official of its home state or
other state, territory, province, or country, satisfactory to the Secretary of State
of this State;
(5) a certificate from the proper official of its home state, territory, province, or
country that the society is legally incorporated and licensed to transact business
therein;
(6) copies of its certificate forms; and
(7) such other information as he or she may deem necessary; and upon a showing that its
assets are invested in accordance with the provisions of this chapter.
(b) Any foreign or alien society desiring admission to this State shall have the qualifications
required of domestic societies organized under this chapter. (Added 1959, No. 197, § 25, eff. Nov. 22, 1959; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)