§4207. Penalty for unauthorized alterations

Link to law: http://legislature.vermont.gov/statutes/section/08/113/04207
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

113

:
LIABILITY INSURANCE






Subchapter

001
:
POLICIES










 

§

4207. Penalty for unauthorized alterations

An alteration of

a written application for insurance by erasure, insertion, or otherwise, shall

not be made by a person other than the applicant without his or her written

consent, and a person making such alteration without the consent of the

applicant shall pay an administrative penalty of not more than $2,000.00. If

such alteration is made by an officer of the insurer, or by an employee of the

insurer with the insurer's knowledge or consent, such act shall be deemed to

have been performed by the insurer thereafter issuing the policy upon such

altered application. (Amended 1995, No. 167 (Adj. Sess.), § 13.)
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