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. § 5032)
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§ 5032. Surplus lines broker may accept business from other producers
(a) A licensed surplus lines broker may originate surplus lines business himself or herself
or may accept such business from any other originating producer duly licensed as to
the kind or kinds of insurance involved and may compensate such producer therefor.
(b) No originating producer shall knowingly misrepresent to the surplus lines broker any
material fact involved in any such insurance transaction or in the eligibility of
the risk for placement with a surplus lines broker. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 9; 2001, No. 97 (Adj. Sess.), § 19.)