Vermont Statutes Title 8. Banking and Insurance, § 6048e. Changes in plan of operation; voluntary dissolution or cessation of business

(1) is undertaken to dissolve a special purpose financial insurance company; or

(2) results in the termination of all or any part of a special purpose financial insurance company's business; but no prior approval of the Commissioner shall be required for any transaction or series of transactions described in this subdivision (2) if such transaction or series of transactions is done in accordance with a document or agreement described in the special purpose financial insurance company's plan of operation and if the Commissioner is notified in advance of such transaction or series of transactions.