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. § 4851)
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§ 4851. Time limit for assessments
Every subscriber of a domestic reciprocal insurer having contingent liability shall
be liable for, and shall pay his or her share of, any assessment, as computed and
limited in accordance with this chapter, if:
(1) while his or her policy is in force or within one year after its termination, he or
she is notified by either the attorney or the Commissioner of his or her intentions
to levy such assessment; or
(2) if an order to show cause why a receiver, conservator, rehabilitator, or liquidator
of the insurer should not be appointed is issued while his or her policy is in force
or within one year after its termination. (Added 1971, No. 31, § 1, eff. March 31, 1971.)