Vermont Statutes
Chapter 105 - Fire and Casualty Insurance
§ 3861. Discrimination and rebates prohibited

§ 3861. Discrimination and rebates prohibited
A fire or casualty insurance company doing business in the State shall not make or permit any distinction or discrimination in favor of individuals, between insureds of the same class, in the amount or payment of premiums, or rates charged for policies of insurance, or in the dividends or other benefits payable thereon, or in any of the terms and conditions of the contracts it makes; nor shall a fire or casualty insurance company doing business in this State or an agent thereof make a contract of insurance, or agreement as to such contract, other than as plainly expressed in the policy issued thereon; nor shall such company or agent pay or allow, or offer to pay or allow, and no person shall accept as an inducement to insurance, a rebate or premium payable on the policy, or a special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement not specified in the policy contract of insurance. A person who violates any of the provisions of this section shall be subject to an administrative penalty of not more than $2,000.00. (Amended 1995, No. 167 (Adj. Sess.), § 8.)

Structure Vermont Statutes

Vermont Statutes

Title 8 - Banking and Insurance

Chapter 105 - Fire and Casualty Insurance

§ 3861. Discrimination and rebates prohibited

§ 3862. Minimum capital stock

§ 3864. Penalty for violation of sections 3463 and 3862

§ 3865. Mill mutual; fees

§ 3866. Returns, rate of tax, exemption

§ 3867. Proof of loss

§ 3868. When loss due and payable

§ 3869. Contracts considered made in Vermont

§ 3879. Cancellation of fire and casualty insurance

§ 3880. Notice of cancellation

§ 3881. Notice of nonrenewal

§ 3882. Renewal policies

§ 3883. Notice requirements

§ 3884. Required renewals; continuation of agents’ contracts and brokers’ accounts

§ 3885. Penalties

§ 3911. Incorporators

§ 3912. Contents of declaration

§ 3913. Bylaws to be filed

§ 3914. Statement as to applications

§ 3915. Issuance of certificate of authority

§ 3916. Name, status and powers

§ 3920. Doing business as an assessment cooperative corporation or a nonassessment cooperative corporation

§ 3925. Bylaws; compulsory provisions

§ 3926. Policy provisions

§ 3927. Assessment cooperative insurance corporations

§ 3929. Loss payment

§ 3930. Nonassessment cooperative insurance corporations to commence business

§ 3931. Application of provisions

§ 3932. Definitions

§ 3961. Valuation of property

§ 3962. Application to Commissioner

§ 3963. Time and place for making valuation

§ 3964. Appointment of appraisers to determine valuation

§ 3965. Appraisers’ award and expenses

§ 3966. Duration of valuation fixed

§ 3967. Effect on rate

§ 3968. Penalty for violations

§ 4001. Assessments; accumulations; limitation

§ 4002. Use of fund