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.
Subchapter
004
:
SPECIAL PURPOSE FINANCIAL INSURANCE COMPANIES
(Cite as: 8 V.S.A. § 6048a)
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§ 6048a. Applicable law
(a) A special purpose financial insurance company shall be subject to the provisions of
this subchapter and to the provisions of subchapter 1 of this chapter. In the event
of any conflict between the provisions of this subchapter and the provisions of subchapter
1 of this chapter, the provisions of this subchapter shall control.
(b) A special purpose financial insurance company shall be subject to all applicable rules
adopted pursuant to section 6015 of this chapter that are in effect as of July 1,
2007 and that are adopted after July 1, 2007.
(c) The Commissioner may, by order, exempt a special purpose financial insurance company
from any provision of this chapter or from any rule adopted pursuant to section 6015
of this chapter if the Commissioner determines such provision to be inappropriate
based on the special purpose financial insurance company’s plan of operation. (Added 2007, No. 49, § 17; amended 2013, No. 29, § 52, eff. May 13, 2013.)