§3623. Recognition of assessments in rates

Link to law: http://legislature.vermont.gov/statutes/section/08/101/03623
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

101

:
INSURANCE COMPANIES GENERALLY






Subchapter

009
:
PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION










 

§

3623. Recognition of assessments in rates

The rates and

premiums charged for insurance policies to which this subchapter applies shall

include amounts sufficient to recoup a sum equal to the amounts paid to the

association by the member insurer less any amounts returned to the member

insurer by the association and such rates shall not be deemed excessive because

they contain an amount reasonably calculated to recoup assessments paid by the

member insurer. (1969, No. 279 (Adj. Sess.), § 15.)
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