Vermont § 3368a - Unauthorized and misleading transactions
Full text of Vermont Vermont Statutes Online § 3368a — Unauthorized and misleading transactions, with citation guidance and answers to common questions.
§ 3368a. Unauthorized and misleading transactions
- (a) No person shall transact insurance business in this State unless the Commissioner
has issued a license or certificate of authority to such person as required by section 3361 or 3368 of this title, or by chapters 123, 125, and 139 of this title. The provisions of this section shall
not apply to an insurer licensed in this State or in any foreign or alien jurisdiction
who is subject to section 3368 of this title. (b) No person shall act as an officer, director, or controlling person for a person who
is engaged in a violation of subsection (a) of this section. As used in this subsection,
“controlling” is defined by subdivision 3681(3) of this title. (c) No person shall directly or indirectly represent or aid a person in violating subsection
(a) of this section. (d)(1) No person shall use in its advertisements or other marketing materials or communications
the term “insurance” or any other term in a manner that could reasonably lead a person
into believing that the product marketed, offered, or issued is insurance, unless
such person is authorized under this title to transact the business of insurance. (2) No person shall use in its advertisements or other marketing materials or communications
the terms “health plan,” “coverage,” “co-pay,” “co-payments,” “deductible,” “preexisting
conditions,” “guaranteed issue,” “premium,” “enrollment,” “preferred provider organization,”
or any other term in a manner that could reasonably mislead an individual into believing
that the product marketed, offered, or issued is health insurance, unless such person
is authorized under this title to transact the business of health insurance. (e) In addition to any other remedies or penalties provided by law: (1) For each violation of the provisions of subsection (a), (b), or (c) of this section
a person shall be imprisoned not more than five years or fined not more than $10,000.00,
or both. (2) For each violation of the provisions of subsection (d) of this section a person shall
be imprisoned not more than two years or fined not more than $5,000.00, or both. (Added 2007, No. 178 (Adj. Sess.), § 6.)
Frequently Asked Questions About Vermont § 3368a
What does Vermont Statutes Online § 3368a cover?
Section 3368a ("Unauthorized and misleading transactions") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 3368a?
A common citation format is "Vermont Statutes Online § 3368a" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3368a apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.