§4201. Filing and approval of policies; review

Link to law: http://legislature.vermont.gov/statutes/section/08/113/04201
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

113

:
LIABILITY INSURANCE






Subchapter

001
:
POLICIES










 

§

4201. Filing and approval of policies; review

A policy of

insurance covering against loss or damage resulting from accident to, or injury

suffered by an employee or other person, and for which the insured is liable,

shall not be issued or delivered to a person, firm, or corporation resident of,

or doing business in this State, until a copy of the form thereof has been

filed with the Commissioner; and it shall not be issued or delivered unless

approved by him or her. If he or she adjudges that such form does not comply

with the requirements of law, he or she shall forthwith give written notice to

the insurer who filed such form, specifying the reasons for his or her action,

and it shall be unlawful thereafter for such insurer to issue a policy in such

form. The action of the Commissioner in this regard shall be subject to review

by writ of certiorari.
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