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
002
:
UNDERGROUND STORAGE TANK ASSISTANCE PROGRAM
(Cite as: 10 V.S.A. § 1939)
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§ 1939. Risk retention pool
The owners and operators of underground storage tanks may obtain the advice of the
Commissioner of Financial Regulation, and may establish an insurance pool. The Commissioner
shall adopt rules to assist in the formation of such pools and to expedite approval
of any plan of operation. The Commissioner shall also adopt rules relating to the
administration and operation of such pools in order to provide for the fiscal integrity
of agreements entered into and to provide that trade, market, and claim practices
engaged in are equitable, fair, and consistent. The establishment of such a pool
shall conform to all requirements of the Commissioner of Financial Regulation and
applicable State and federal laws, rules, and regulation. (Added 1987, No. 85, § 2, eff. June 9, 1987; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)