Vermont Statutes
Chapter 113 - Liability Insurance and Service Contract Companies
§ 4242. General provisions of Plan

§ 4242. General provisions of Plan
The Plan shall provide:
(1) reasonable rules for the distribution of risks on an equitable basis under either a pooled or assigned plan;
(2) rates applicable to, and based upon, that class of risks as described in section 4241 of this title to which the Plan applies;
(3) limits of liability and coverages as described in section 4241 of this title which shall be not less favorable to the insured than is provided in 23 V.S.A. chapter 11, where that chapter is applicable to the insured;
(4) a method whereby applicants, insureds, and insurers are entitled to a hearing before the Commissioner of Financial Regulation, for the settlement of grievances. (Added 1969, No. 63, § 3; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)

Structure Vermont Statutes

Vermont Statutes

Title 8 - Banking and Insurance

Chapter 113 - Liability Insurance and Service Contract Companies

§ 4201. Filing and approval of policies; review

§ 4201a. Filing fees

§ 4202. Form and contents of policy

§ 4203. Required conditions

§ 4204. Illegal provisions

§ 4205. Effect of false statement in application

§ 4206. Acts not constituting waivers

§ 4207. Penalty for unauthorized alterations

§ 4208. Construction of illegal policies

§ 4209. Penalties

§ 4210. Cost of examinations

§ 4211. Volunteer drivers

§ 4222. Definitions

§ 4223. Cancellation of automobile insurance

§ 4224. Notice of cancellation

§ 4225. Notice of nonrenewal

§ 4225a. Renewal policies

§ 4226. Notice requirements

§ 4227. Notice of eligibility

§ 4228. Required renewals; continuation of agents’ contracts and brokers’ accounts

§ 4229. Penalties

§ 4241. Vermont Automobile Insurance Plan

§ 4242. General provisions of Plan

§ 4243. Submission and approval of Plan

§ 4244. Commissioner to formulate Plan

§ 4245. Insurers to participate in plan

§ 4246. Insurer or rating organization; conduct of

§ 4247. Definitions

§ 4248. Registration required

§ 4249. Proof of financial stability

§ 4250. Examinations

§ 4251. Consumer disclosure requirements

§ 4252. Obligations of providers and insurers

§ 4253. Prohibited acts

§ 4254. Prohibited terms

§ 4255. Penalties; enforcement

§ 4256. Exemption for certain delivery service maintenance and repair contracts