Vermont § 4838 - Power of attorney
Full text of Vermont Vermont Statutes Online § 4838 — Power of attorney, with citation guidance and answers to common questions.
§ 4838. Power of attorney
- (a) The rights and powers of the attorney of a reciprocal insurer shall be as provided
in the power of attorney given it by the subscribers. A valid power of attorney shall
be in writing, executed by the subscriber, and duly executed by the attorney-in-fact. (b) The power of attorney must set forth: (1) the powers of the attorney; (2) the general services to be performed by the attorney; (3) the maximum amount to be deducted from advance premiums or deposits to be paid to
the attorney and the general items of expense in addition to losses, to be paid by
the insurer; and (4) except as to nonassessable policies, a provision for a contingent several liability
of each subscriber in a specified amount. (c) The power of attorney may: (1) provide for the right of substitution of the attorney and revocation of the power
of attorney and rights thereunder; (2) impose such restrictions upon the exercise of the power as are agreed upon by the
subscribers; (3) provide for the exercise of any right reserved to the subscribers directly or through
their advisory committee; and (4) contain other lawful provisions deemed advisable. (d) The terms of any power of attorney or agreement collateral thereto shall be reasonable
and equitable, and no such power or agreement shall be used or be effective in this
State until approved by the Commissioner. (Added 1971, No. 31, § 1, eff. March 31, 1971; amended 2009, No. 137 (Adj. Sess.), § 16, eff. May 29, 2010; 2013, No. 29, § 45, eff. May 13, 2013.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4838
What does Vermont Statutes Online § 4838 cover?
Section 4838 ("Power of attorney") 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 § 4838?
A common citation format is "Vermont Statutes Online § 4838" (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 § 4838 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.