Vermont Statutes Title 8. Banking and Insurance, § 4795. Controlled business

(1) Insurance written on the interests of the licensee or those of his or her immediate family or of his or her employer; or

(2) Insurance covering himself or herself or members of his or her immediate family or a corporation, association, or partnership, or the officers, directors, substantial stockholders, partners, employees of the corporation, association, or partnership, of which he or she or a member of his or her immediate family is an officer, director, substantial stockholder, partner, associate, or employee. Provided, however, that nothing in this subdivision shall apply to insurance written in connection with credit transactions.