§ 5025.
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/vt/title-8/chapter-138/5025A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5025. Exceptions concerning placement of insurance with non-admitted insurers; records
The provisions of this chapter controlling the placement of insurance with non-admitted insurers shall not apply to life insurance, health insurance, annuities, or reinsurance, nor to the following insurance when so placed by any licensed producer in this State:
(1)insurance on subjects whose home state is other than Vermont;
(2)insurance on the property or operations of aircraft or railroads engaged in transportation in interstate and foreign commerce; or
(3)insurance of vessels, crafts or hulls, cargoes, marine builder’s risks, marine protection and indemnity, or other risks, including strikes and war risks commonly insured under ocean or wet marine forms of policy. (Added 1979, No. 50, § 2; amended 2001, No. 97 (Adj. Sess.), § 19; 2011, No. 49, § 4, eff. May 26, 2011.)