§ 5023.
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/vt/title-8/chapter-138/5023A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5023. Surplus lines insurance; authorized
Surplus lines insurance may be procured from non-admitted insurers, if:
(1)the insurance meets the conditions specified in section 5024 of this title;
(2)the insurance is placed through a licensed surplus lines broker;
(3)the insurer meets the conditions specified in section 5026 of this title; and
(4)all other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 19.)