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Vermont Statutes · § 4849 — Subscribers’ liability on judgment

4849. Subscribers’ liability on judgment

(a) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.

(b) Any such judgment shall be binding upon each subscriber only in such proportion as his or her interests may appear and in amount not exceeding his or her contingent liability, if any.

Source notes
History and annotations

(Added 1971, No. 31, § 1, eff. March 31, 1971.)

Official source for this version

Source captured 2026-09-25. Open the official source.

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