Vermont § 4807 - Surplus lines insurance broker

§ 4807. Surplus lines insurance broker

• (a) Every surplus lines insurance broker who solicits an application for insurance of
  any kind, in any controversy between the insured or his or her beneficiary and the
  insurer issuing any policy upon such application, shall be regarded as representing
  the insured and his or her beneficiary and not the insurer; except any insurer that
  directly or through its agents delivers in this State to any surplus lines insurance
  broker a policy or contract for insurance pursuant to the application or request of
  the surplus lines insurance broker, acting for an insured other than himself or herself,
  shall be deemed to have authorized the surplus lines insurance broker to receive on
  its behalf payment of any premium that is due on the policy or contract for insurance
  at the time of its issuance or delivery. (b) [Repealed.] (c) Notwithstanding any other provision of this title, a person licensed as a surplus
  lines insurance broker in his or her home state shall receive a nonresident surplus
  lines insurance broker license pursuant to section 4800 of this chapter. (d) Not later than July 1, 2012, the Commissioner shall participate in the national insurance
  producer database of the NAIC, or any other equivalent uniform national database,
  for the licensure of surplus lines brokers and the renewal of such licenses. (Added 1973, No. 217 (Adj. Sess.), § 17; amended 1981, No. 210 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 14; 2009, No. 137 (Adj. Sess.), § 9a; 2011, No. 49, § 12, eff. May 26, 2011.)