§ 4831. Definitions
As used in this chapter, unless the context clearly requires otherwise:
(1) “Attorney” means the attorney-in-fact of a reciprocal insurer.
(2) “Reciprocal” insurance is that resulting from an interchange among persons, known as subscribers, of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.
(3) “Subscribers” are persons who enter into reciprocal insurance agreements under this chapter. (Added 1971, No. 31, § 1, eff. March 31, 1971.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 132 - Reciprocal Insurers
§ 4832. Scope of chapter; existing insurers
§ 4833. Insuring powers of reciprocals
§ 4836. Organization of reciprocal insurer
§ 4837. Certificate of authority
§ 4841. Deposit in lieu of bond
§ 4843. Services of process; judgment
§ 4844. Contributions to insurer
§ 4845. Financial condition; method of determining
§ 4847. Subscribers’ advisory committee
§ 4848. Subscribers’ liability
§ 4849. Subscribers’ liability on judgment
§ 4851. Time limit for assessments
§ 4853. Nonassessable policies