Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
The Commissioner may suspend, revoke, or refuse to renew the license of a surplus lines broker after notice and hearing as provided under 3 V.S.A. chapter 25, upon any one or more of the following grounds:
(1) failure to make accounts and records relating to domestic risks from this State available to the Commissioner during the period when such accounts and records are required to be maintained under section 5033 of this title;
(2) closing of the surplus lines broker's office for a period of more than 30 consecutive days, unless permission is granted by the Commissioner;
(3) failure to make and file required quarterly reports;
(4) failure to transmit required tax on surplus lines premiums;
(5) suspension, revocation, or refusal to renew any other license issued by the Commissioner;
(6) lack of qualifications as for an original surplus lines broker's license;
(7) material violation of any provision of this chapter; or
(8) for any other cause for which a license could be denied, revoked, suspended, or renewal refused under section 4804 of this title.
Cite this article: FindLaw.com - Vermont Statutes Title 8. Banking and Insurance, § 5037. Suspension, revocation, or refusal of surplus lines broker's license - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-8-banking-and-insurance/vt-st-tit-8-sect-5037/
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.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)