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Current as of January 01, 2024 | Updated by Findlaw Staff
The provisions of this chapter controlling the placement of insurance with non-admitted insurers shall not apply to life insurance, health insurance, annuities, or reinsurance, nor to the following insurance when so placed by any licensed producer in this State:
(1) insurance on subjects whose home state is other than Vermont;
(2) insurance on the property or operations of aircraft or railroads engaged in transportation in interstate and foreign commerce; or
(3) insurance of vessels, crafts or hulls, cargoes, marine builder's risks, marine protection and indemnity, or other risks, including strikes and war risks commonly insured under ocean or wet marine forms of policy.
Cite this article: FindLaw.com - Vermont Statutes Title 8. Banking and Insurance, § 5025. Exceptions concerning placement of insurance with non-admitted insurers; records - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-8-banking-and-insurance/vt-st-tit-8-sect-5025/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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