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Searching 2023-2024 Session

The Vermont Statutes Online

The Statutes below include the actions of the 2024 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.

Title 8 : Banking and Insurance

Chapter 132 : Reciprocal Insurers

(Cite as: 8 V.S.A. § 4841)
  • § 4841. Deposit in lieu of bond

    In lieu of the bond required under section 4840 of this title, the attorney may maintain on deposit in the office of the Commissioner, subject to the same conditions as the bond, a like amount in:

    (1) cash;

    (2) securities qualified as insurer investments; or

    (3) a letter of credit issued for the benefit of and acceptable to the Commissioner. (Added 1971, No. 31, § 1, eff. March 31, 1971; amended 1997, No. 49, § 5, eff. June 26, 1997; 2003, No. 55, § 3.)