Vt. Stat. Ann. tit. 8, § 7119
Assuming company; Board; principal place of business; registered agent
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
No assuming company shall be a party to a legacy insurance transfer under this chapter unless:
No assuming company shall be a party to a legacy insurance transfer under this chapter unless:
(1) its board of directors or committee of managers holds at least one meeting each year in this State;
(1) its board of directors or committee of managers holds at least one meeting each year in this State;
(2) it maintains its principal place of business in this State; and
(2) it maintains its principal place of business in this State; and
(3) it appoints a registered agent to accept service of process and to otherwise act on its behalf in this State; provided that whenever such registered agent cannot with reasonable diligence be found at the registered office of the assuming company, the Secretary of State shall be an agent of such assuming company upon whom any process, notice, or demand may be served. Added 2013, No. 93 (Adj. Sess.), § 3, eff. Feb. 19, 2014.
(3) it appoints a registered agent to accept service of process and to otherwise act on its behalf in this State; provided that whenever such registered agent cannot with reasonable diligence be found at the registered office of the assuming company, the Secretary of State shall be an agent of such assuming company upon whom any process, notice, or demand may be served.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.