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. § 5029)
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§ 5029. Surplus lines insurance valid
(a) Insurance contracts procured as surplus lines insurance from surplus lines insurers
in accordance with this chapter shall be valid and enforceable to the same extent
as insurance contracts procured from admitted insurers.
(b) The insurance trade practices provisions of sections 4723 and 4724(1)-(7) and (9)-(18)
of this title, and the cancellation provisions of sections 3879-3883 (regarding fire
and casualty policies) and 4711-4715 (regarding commercial risk policies) of this
title shall apply to surplus lines insurers, both domestic and foreign.
(c) Other provisions of this title not specifically applicable to surplus lines insurers
shall not apply. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 7; 2019, No. 57, § 10.)