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Searching 2023-2024 Session

The Vermont Statutes Online

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.

Title 8 : Banking and Insurance

Chapter 132 : Reciprocal Insurers

(Cite as: 8 V.S.A. § 4831)
  • § 4831. Definitions

    As used in this chapter, unless the context clearly requires otherwise:

    (1) “Attorney” means the attorney-in-fact of a reciprocal insurer.

    (2) “Reciprocal” insurance is that resulting from an interchange among persons, known as subscribers, of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.

    (3) “Subscribers” are persons who enter into reciprocal insurance agreements under this chapter. (Added 1971, No. 31, § 1, eff. March 31, 1971.)