Vt. Stat. Ann. tit. 8, § 4696
Mandatory market participation
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
If the Commissioner finds that there is no voluntary market in which buyers of any line of property and casualty insurance may obtain such insurance, the Commissioner may initiate proceedings to establish a joint underwriting association for that market under chapter 137 of this title.
If the Commissioner finds that there is no voluntary market in which buyers of any line of property and casualty insurance may obtain such insurance, the Commissioner may initiate proceedings to establish a joint underwriting association for that market under chapter 137 of this title.
Added 1985, No. 265 (Adj. Sess.), § 2, eff. June 4, 1986.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.