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. § 7119)
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§ 7119. Assuming company; Board; principal place of business; registered agent
No assuming company shall be a party to a legacy insurance transfer under this chapter
unless:
(1) its board of directors or committee of managers holds at least one meeting each year
in this State;
(2) it maintains its principal place of business in this State; and
(3) it appoints a registered agent to accept service of process and to otherwise act on
its behalf in this State, provided that whenever such registered agent cannot with
reasonable diligence be found at the registered office of the assuming company, the
Secretary of State shall be an agent of such assuming company upon whom any process,
notice, or demand may be served. (Added 2013, No. 93 (Adj. Sess.), § 3, eff. Feb. 19, 2014.)