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. § 8554)
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§ 8554. Deductions
In determining the amount of taxes to be assessed under the provisions of sections
8551 and 8552 of this title, there shall be deducted from the full amount of such premiums and assessments all
sums paid for return premiums on cancelled policies upon risk located in this State
and dividends actually paid or allowed to policyholders residing therein. Nothing
in this section shall be construed to allow dividends in scrip, in stock, mutual or
mixed companies, or surrender values for life policies to be considered return premiums.