§4981. Definitions

Link to law: http://legislature.vermont.gov/statutes/section/08/137/04981
Published: 2015

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Title

08

:
Banking and Insurance






Chapter

137

:
VERMONT JOINT UNDERWRITING ASSOCIATIONS











 

§

4981. Definitions

As used in this

chapter, unless the context otherwise requires:

(1)

"Association" means a joint underwriting association established

pursuant to this chapter.

(2)

"Commissioner" means the Commissioner of Financial Regulation or a designee.

(3)

"Property and casualty insurance" means all insurance covered under

chapter 128 of this title relating to property and casualty rate regulation.

(4)

"Member" means an insurer which is a member of an association.

(5)

"Plan" means the plan of operation of the association approved or

promulgated by the Commissioner pursuant to this chapter. (Added 1985, No. 265

(Adj. Sess.), § 4, eff. June 4, 1986; amended 1989, No. 225 (Adj. Sess.), §

25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2,

eff. April 2, 2012.)
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