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
007
:
INSURANCE COMPANIES
(Cite as: 32 V.S.A. § 8551)
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§ 8551. Imposition, rate, and basis of tax
A domestic or foreign insurance company, association, or society, other than life,
or a surety or guaranty company, doing business in this State, shall pay a tax to
the State, which is hereby assessed at the rate of two percent per annum on the gross
amount of premiums and assessments written on its business in this State, but not
including premiums received for reinsurance. A domestic or foreign life insurance
company doing business in this State shall pay a tax to the State, which is hereby
assessed at the rate of two percent per annum on the gross amount of premiums and
assessments collected on its business in this State, but not including premiums received
for reinsurance.