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The Vermont Statutes Online
Title
07
:
Alcoholic Beverages
Chapter
009
:
LICENSING
§
240. Proof of financial responsibility
(a) Any first,
second or third class liquor licensee whose license is suspended by the local
control commissioners or suspended or revoked by the liquor control board for
selling or furnishing intoxicating liquor to a minor, to a person apparently
under the influence of intoxicating liquor, to a person after legal serving
hours, or to a person whom it would be reasonable to expect would be
intoxicated as a result of the amount of liquor served to that person, shall be
required to furnish to the liquor control department a certificate of financial
responsibility within 60 days of the commencement of the suspension or
revocation or at the time of reinstatement of the license, whichever is later.
Financial responsibility may be established by any one or a combination of the
following: insurance, surety bond or letter of credit. Coverage shall be
maintained at not less than $25,000.00 per occurrence and $50,000.00 aggregate
per occurrence. Proof of financial responsibility shall be required for license
renewal for the three years following the suspension or revocation.
(b) Proof of
financial responsibility and completion of the licensee education program
established in section 239 of this title shall be conditions to resume
operation after a suspension or revocation for any of the reasons in subsection
(a) of this section; however, at the discretion of the suspending or revoking
authority, the licensee may receive a provisional license prior to the time
these conditions are met in order to allow for compliance with the education
requirement or to obtain the certificate of financial responsibility. A
provisional license may not be issued for a period exceeding 60 days. (Added
1987, No. 103, § 3.)