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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

132

:
RECIPROCAL INSURERS











 

§

4833. Insuring powers of reciprocals

(a) A reciprocal

insurer may, upon qualifying therefor as provided for by this title, transact

any kind or kinds of insurance defined by this title, other than life or title

insurances.

(b) Such an

insurer may purchase reinsurance upon the risk of any subscriber or

subscribers, and may assume or cede reinsurance as to any kind of insurance it

is authorized to transact direct. (Added 1971, No. 31, § 1, eff. March 31,

1971; amended 1997, No. 49, § 1, eff. June 26, 1997.)