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. § 6054)
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§ 6054. Compulsory associations
(a) No risk retention group shall be required or permitted to join or contribute financially
to any insurance insolvency guaranty fund, or similar mechanism, in this State, nor
shall any risk retention group, or its insureds or claimants against its insureds,
receive any benefit from any such fund for claims arising under the insurance policies
issued by such risk retention group.
(b) When a purchasing group obtains insurance covering its members’ risks from an insurer
not authorized in this State or from a risk retention group, no such risks, wherever
resident or located, shall be covered by any insurance guaranty fund or similar mechanism
in this State.
(c) When a purchasing group obtains insurance covering its members’ risks from a licensed
insurer, only risks resident or located in this State shall be covered by the State
Guaranty Fund subject to chapter 112 of this title. (Added 1991, No. 249 (Adj. Sess.), § 23, eff. Dec. 31, 1992.)