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
014
:
CONFIDENTIALITY AND SECURITY OF INFORMATION
(Cite as: 27 V.S.A. § 1618)
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§ 1618. Indemnification for breach
(a) If a claim is made or action commenced arising out of an event described in subsection 1617(a) of this title relating to confidential information possessed by the Administrator’s agent, the
Administrator’s agent shall indemnify, defend, and hold harmless a holder and the
holder’s affiliates, officers, directors, employees, and agents as to:
(1) any claim or action; and
(2) a liability, obligation, loss, damage, cost, fee, penalty, fine, settlement, charge,
or other expense, including reasonable attorney’s fees and costs, established by the
claim or action.
(b) The Administrator shall require an Administrator’s agent that will receive confidential
information required under this chapter to maintain adequate insurance for indemnification
obligations of the Administrator’s agent under subsection (a) of this section. The
agent required to maintain the insurance shall provide evidence of the insurance to:
(1) the Administrator not less frequently than annually; and
(2) the holder on commencement of an examination and annually thereafter until all confidential
information is returned or destroyed under subsection 1406(e) of this title. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)