§4852. Aggregate liability

Link to law: http://legislature.vermont.gov/statutes/section/08/132/04852
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

132

:
RECIPROCAL INSURERS











 

§

4852. Aggregate liability

No one policy or

subscriber as to a policy shall be assessed or charged with an aggregate of

contingent liability as to obligations incurred by a domestic reciprocal

insurer in any one calendar year, in excess of the amount provided for in the

power of attorney or in the subscribers' agreement, computed solely upon

premium earned on such policy during that year. (Added 1971, No. 31, § 1, eff.

March 31, 1971.)
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