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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

123

:
NONPROFIT HOSPITAL SERVICE CORPORATIONS











 

§

4516. Annual report to commissioner

Annually, on or

before March 15, a hospital service corporation shall file with the

Commissioner of Financial Regulation a statement sworn to by the president and

treasurer of the corporation showing its condition on December 31. The

statement shall be in such form and contain such matters as the Commissioner

shall prescribe. To qualify for the tax exemption set forth in section 4518 of

this title, the statement shall include a certification that the hospital

service corporation operates on a nonprofit basis for the purpose of providing

an adequate hospital service plan to individuals of the State, both groups and

nongroups, without discrimination based on age, gender, geographic area,

industry, and medical history, except as allowed by subdivisions 4080a(h)(2)(B)

and 4080b(h)(2)(B) of this title. (Amended 1989, No. 225 (Adj. Sess.), § 25;

1991, No. 52, § 3, eff. June 6, 1991; 1995, No. 180 (Adj. Sess.), § 38; 2005,

No. 191 (Adj. Sess.), § 52; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2,

2012.)