§ 5023. Surplus lines insurance; authorized
Surplus lines insurance may be procured from non-admitted insurers, if:
(1) The insurance meets the conditions specified in section 5024 of this title;
(2) The insurance is placed through a licensed surplus lines broker;
(3) The insurer meets the conditions specified in section 5026 of this title; and
(4) All other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 19.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 138 - Non-Admitted Insurers and Surplus Lines Insurance
§ 5021. Non-Admitted Insurance Act; short title
§ 5023. Surplus lines insurance; authorized
§ 5023a. Domestic surplus lines insurer; authorized
§ 5024. Conditions for placement of insurance
§ 5025. Exceptions concerning placement of insurance with non-admitted insurers; records
§ 5026. Solvent insurers required
§ 5027. Evidence of the insurance; changes; penalty
§ 5028. Information required on contract
§ 5029. Surplus lines insurance valid
§ 5030. Liability of surplus lines insurer for losses and unearned premiums
§ 5031. Licensing of surplus lines brokers
§ 5032. Surplus lines broker may accept business from other producers
§ 5033. Records of surplus lines broker
§ 5034. Quarterly reports; summary of exported business
§ 5036. Direct placement of insurance
§ 5037. Suspension, revocation, or refusal of surplus lines broker’s license