§3929. Loss payment (United States)

§3929. Loss payment

Published: 2015

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The Vermont Statutes Online

Title

08

:
Banking and Insurance

Chapter

105

:
FIRE AND CASUALTY INSURANCE

Subchapter

002
:
COOPERATIVE FIRE INSURANCE CORPORATIONS

§

3929. Loss payment

A nonassessment

cooperative insurance corporation may borrow on the credit of the corporation

sufficient funds to pay any loss. (Amended 1981, No. 6, § 10.)