Vermont § 4845 - Financial condition; method of determining In determining the financial condition of a reciprocal insurer, the Commissioner shall apply the following rules:
Full text of Vermont Vermont Statutes Online § 4845 — Financial condition; method of determining In determining the financial condition of a reciprocal insurer, the Commissioner shall apply the following rules:, with citation guidance and answers to common questions.
§ 4845. Financial condition; method of determining In determining the financial condition of a reciprocal insurer, the Commissioner shall apply the following rules:
- (1) The Commissioner shall charge as liabilities the same reserves as are required of
incorporated insurers issuing nonassessable policies on a reserve basis. (2) The surplus deposits of subscribers shall be allowed as assets, except that any premium
deposit delinquent for 90 days shall first be charged against such surplus deposit. (3) The surplus deposits of subscribers shall not be charged as a liability. (4) All premium deposits delinquent less than 90 days shall be allowed as assets. (5) An assessment levied upon subscribers, and not collected, shall not be allowed as
an asset. (6) The contingent liability of subscribers shall not be allowed as an asset. (7) The computation of reserves shall be based upon premium deposits other than membership
fees and without any deduction for expenses and the compensation of the attorney. (Added 1971, No. 31, § 1, eff
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4845
What does Vermont Statutes Online § 4845 cover?
Section 4845 ("Financial condition; method of determining In determining the financial condition of a reciprocal insurer, the Commissioner shall apply the following rules:") 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 § 4845?
A common citation format is "Vermont Statutes Online § 4845" (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 § 4845 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.