Vermont § 3581 - Purpose; scope; intent
Full text of Vermont Vermont Statutes Online § 3581 — Purpose; scope; intent, with citation guidance and answers to common questions.
§ 3581. Purpose; scope; intent
- (a) The purpose of this subchapter is to provide the requirements for maintaining a risk
management framework and completing an Own Risk and Solvency Assessment (ORSA) and
provide guidance and instructions for filing an ORSA Summary Report with the Commissioner. (b) The requirements of this subchapter shall apply to all insurers domiciled in this
State unless exempt under section 3586 of this subchapter. (c) The General Assembly finds and declares that the ORSA Summary Report will contain
confidential and sensitive information related to an insurer’s or insurance group’s
identification of risks material and relevant to the insurer or insurance group filing
the report. This information will include proprietary and trade secret information
that has the potential for harm and competitive disadvantage to the insurer or insurance
group if the information is made public. It is the intent of the General Assembly
that the summary report required under this subchapter shall be a confidential document
filed with the Commissioner, that it shall be shared only as stated in this subchapter
and to assist the Commissioner in the performance of his or her duties, and that in
no event shall the summary report be subject to public inspection and copying under
the Public Records Act. (Added 2013, No. 29, § 44, eff. Jan. 1, 2015.)
Frequently Asked Questions About Vermont § 3581
What does Vermont Statutes Online § 3581 cover?
Section 3581 ("Purpose; scope; intent") 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 § 3581?
A common citation format is "Vermont Statutes Online § 3581" (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 § 3581 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.