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. § 4902)
-
§ 4902. Disclosure and public information
(a) The Commissioner shall make such rules as he or she considers necessary or desirable
for the full, fair, and uniform disclosure and conveyance of useful information to
consumers of insurance.
(b) The rules may include requirements that for each or any insurance policy sold or offered
for sale in this State an insurer shall prepare and provide or cause to be provided
to the policyholder, buyer, or prospective buyer a disclosure statement containing:
(1) a clear and concise outline summarizing and clarifying important features of the policy;
(2) information on cost and on return to or on behalf of policyholders;
(3) such other information that the Commissioner considers appropriate to further the
purposes of or reduce violations of chapter 129 of this title; and
(4) a statement that the outline is a summary of the policy or contract issued or applied
for and that the policy or contract should be consulted to determine governing contractual
provisions.
(c) The Commissioner shall by rule establish standards for the format, content, and distribution
of disclosure statements and any other informational materials he or she considers
necessary or desirable to promote the purposes of this section. (Added 1975, No. 36.)