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
006
:
INTERMUNICIPAL INSURANCE AGREEMENTS
(Cite as: 24 V.S.A. § 4942)
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§ 4942. Contents of agreement
Two or more municipalities, by resolution of their respective legislative bodies or
boards, may establish and enter into agreements for obtaining or effecting insurance
by self-insurance, for obtaining or effecting insurance from any insurer authorized
to transact business in this State as an admitted or surplus lines carrier, or for
obtaining and effecting insurance secured in accordance with any other method provided
by law, or by combination of the provisions of this section for obtaining and effecting
insurance. Agreements made pursuant to this section may provide for pooling of self-insurance
reserves, risks, claims and losses, and of administrative services and expenses associated
with the same, among municipalities. To accomplish the purposes of this subchapter,
two or more municipalities may form an association under the laws of this State to
develop and administer an intermunicipal risk management program, having as its purposes
reducing the risk of its members; safety engineering; distributing, sharing, and pooling
risks; acquiring insurance, excess loss insurance, or reinsurance; and processing,
paying, and defending claims against the members of such association. (Added 1985, No. 237 (Adj. Sess.), § 1, eff. June 3, 1986.)