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
002
:
GENERAL ADMINISTRATION OF CHAPTER
(Cite as: 8 V.S.A. § 4705)
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§ 4705. Dividend plans
Nothing in this chapter shall be construed to prohibit or regulate the payment of
dividends, savings, or unabsorbed premium deposits allowed or returned by insurers
to their policyholders, members, or subscribers; provided, however, this provision
shall not contravene the provisions of chapter 145 of this title. A plan for the
payment of dividends, savings, or unabsorbed premium deposits allowed or returned
by insurers to their policyholders, members, or subscribers shall not be deemed a
rating plan or system nor be conditioned upon renewal of a policy. The Commissioner
is authorized to obtain information concerning dividends in such form or detail as
he or she deems appropriate. (Added 1983, No. 238 (Adj. Sess.), § 1; amended 1987, No. 185 (Adj. Sess.), § 6, eff. May 5, 1988.)