Vt. Stat. Ann. tit. 23, § 885

When evidence of insurance is offered to the Commissioner that a contract or policy of insurance issued by a liability insurance company or a surety bond has been procured in accordance with the provisions of section 881 of this title, the presentation of such proof shall include certification that the policy of insurance or bond includes or has appended a certificate waiving, as against injured persons, all defenses based on false representations or breach of warranties as set forth in the application for the policy of liability insurance or indemnity bond by the insured. Such contract or policy of insurance or surety bond shall be for the benefit of a person injured in person or property, to the amounts indicated, to satisfy the legal liability of the insured.