Vermont § 4172 - Purpose The purpose of this chapter is to protect, subject to certain limitations, the persons specified in subsection 4173
Full text of Vermont Vermont Statutes Online § 4172 — Purpose The purpose of this chapter is to protect, subject to certain limitations, the persons specified in subsection 4173, with citation guidance and answers to common questions.
§ 4172. Purpose The purpose of this chapter is to protect, subject to certain limitations, the persons specified in subsection 4173
- (a) of this chapter against failure in the performance
of contractual obligations under life, health, and annuity policies, plans, and contracts
specified in subsection 4173(b) of this chapter, due to the impairment or insolvency
of the member insurer that issued such policies, plans, or contracts. To provide this
protection: (1) an association of member insurers is created to enable the guaranty of payment of
benefits and of continuation of coverages; (2) members of the Association are subject to assessment to provide funds to carry out
the purpose of this chapter; and (3) the Association is authorized to assist the Commissioner, in the prescribed manner,
in the detection and prevention of insurer impairment or insolvency. (Added 2023, No. 32, § 9, eff. July 1, 2023.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4172
What does Vermont Statutes Online § 4172 cover?
Section 4172 ("Purpose The purpose of this chapter is to protect, subject to certain limitations, the persons specified in subsection 4173") 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 § 4172?
A common citation format is "Vermont Statutes Online § 4172" (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 § 4172 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.