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Vermont Statutes · § 4981 — Definitions

4981. Definitions

As used in this chapter, unless the context otherwise requires:

(1) “Association” means a joint underwriting association established pursuant to this chapter.

(2) “Commissioner” means the Commissioner of Financial Regulation or a designee.

(3) “Property and casualty insurance” means all insurance covered under chapter 128 of this title relating to property and casualty rate regulation.

(4) “Member” means an insurer that is a member of an association.

(5) “Plan” means the plan of operation of the association approved or proposed by the Commissioner pursuant to this chapter.

Source notes
History and annotations

(Added 1985, No. 265 (Adj. Sess.), § 4, eff. June 4, 1986; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012; 2021, No. 105 (Adj. Sess.), § 236, eff. July 1, 2022.)

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