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. § 5030)
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§ 5030. Liability of surplus lines insurer for losses and unearned premiums
If a surplus lines insurer has assumed a surplus lines coverage through the intervention
of a licensed surplus lines broker of this State, and if the premium for that coverage
has been received by that broker, then in all questions thereafter arising under the
coverage as between the insurer and the insured, the insurer shall be deemed to have
received that premium and the insurer shall be liable to the insured for losses covered
by such insurance and for any return premiums due on that insurance to the insured
whether or not the broker is indebted to the insurer for such insurance or for any
other cause. (Added 1979, No. 50, § 2; amended 2019, No. 57, § 11.)