Vermont § 3791r - Single state exemption
Full text of Vermont Vermont Statutes Online § 3791r — Single state exemption, with citation guidance and answers to common questions.
§ 3791r. Single state exemption
- (a) The Commissioner may exempt specific product forms or product lines of a domestic
company that is licensed and doing business only in Vermont from the requirements
of section 3791n of this subchapter provided: (1) the Commissioner has issued an exemption in writing to the company and has not subsequently
revoked the exemption in writing; and (2) the company computes reserves using assumptions and methods used prior to the operative
date of the Valuation Manual in addition to any requirements established by rule adopted
by the Commissioner. (b) For any company granted an exemption under this section, sections 3791c-3791m of this
subchapter shall be applicable. With respect to any company applying this exemption,
any reference to section 3791n found in sections 3791c-3791m of this subchapter shall
not be applicable. (Added 2015, No. 63, § 1, eff. June 17, 2015.)
Frequently Asked Questions About Vermont § 3791r
What does Vermont Statutes Online § 3791r cover?
Section 3791r ("Single state exemption") 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 § 3791r?
A common citation format is "Vermont Statutes Online § 3791r" (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 § 3791r 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.