Vermont § 3920 - Doing business as an assessment cooperative corporation or a nonassessment cooperative corporation
Full text of Vermont Vermont Statutes Online § 3920 — Doing business as an assessment cooperative corporation or a nonassessment cooperative corporation, with citation guidance and answers to common questions.
§ 3920. Doing business as an assessment cooperative corporation or a nonassessment cooperative corporation
- (a) An assessment cooperative corporation shall not be authorized or permitted to begin
or do business until it has bona fide applications for insurance on property whose
total aggregate dollar exposure value at risk amounts to not less than $2,500,000.00. (b) A nonassessment cooperative insurance corporation is one that has received approval
of the Commissioner and has met the requirements of subsections 3930(a) and (b) of
this title. (Amended 1981, No. 6, § 5.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3920
What does Vermont Statutes Online § 3920 cover?
Section 3920 ("Doing business as an assessment cooperative corporation or a nonassessment cooperative corporation") 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 § 3920?
A common citation format is "Vermont Statutes Online § 3920" (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 § 3920 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.