Vermont § 804 - Method of proof

§ 804. Method of proof

• (a) Proof of financial responsibility shall be furnished by an insurance company authorized
  to do business in this State, in a form satisfactory to the Commissioner and shall
  be evidence of the insuring of such person against claims and judgments for personal
  injury and property damage in the amounts specified in section 801 of this title, provided the policy of insurance shall be noncancellable except after 15 days’ notice
  to the Commissioner; or such proof may be the bond of a surety company, authorized
  to transact business in this State, which bond shall be conditioned for the payment
  of such amounts. An insurance company or surety company issuing such policy or bond
  shall immediately furnish, for filing with the Commissioner, a satisfactory certificate
  certifying that such policy or bond has been issued. Instead of the certificate, proof
  may be furnished by any computer-generated means approved by the Commissioner. Once
  proof furnished in this manner is accepted by the Commissioner, the insurance company
  or surety company shall be bound in the same manner as if a certificate had been furnished
  for filing. (b) An insurance or surety company shall bear responsibility for its errors, including
  failure to file in a timely manner, in connection with the filing of the certificate
  referred to in subsection (a) of this section. All costs and expenses incurred by
  insureds and the Commissioner of Motor Vehicles as a consequence of the failure to
  file a properly executed certificate shall be paid by the insurance or surety company. (c) The Commissioner may require that an insurance or surety company appoint an in-state
  representative having authority to execute certificates on its behalf when an insurer
  fails to submit properly executed certificates. (d) If an insurer is not authorized to do business in this State, the Commissioner may
  accept a written certificate, provided that the certificate issued on behalf of an
  operator who is a nonresident of this State otherwise conforms with the provisions
  of this chapter and the insurer complies with the following conditions with respect
  to the policies certified: (1) the insurer executes a power of attorney authorizing the Commissioner to accept service
  on its behalf of notice or process in any action arising out of a motor vehicle crash
  in this State; and (2) the insurer agrees in writing that these policies shall be deemed to conform with
  the laws of this State. (e) If an insurer not authorized to transact business in this State but qualified to furnish
  proof defaults in any undertakings or agreements, the Commissioner shall not accept
  as proof any certificate of the insurer so long as the default continues. (Amended 1983, No. 101 (Adj. Sess.); 1987, No. 192 (Adj. Sess.), § 1; 1995, No. 67 (Adj. Sess.), § 3; 1997, No. 117 (Adj. Sess.), § 36, eff. Jan. 1, 1999.)