Vermont § 4848 - Subscribers’ liability
Full text of Vermont Vermont Statutes Online § 4848 — Subscribers’ liability, with citation guidance and answers to common questions.
§ 4848. Subscribers’ liability
- (a) The liability of each subscriber, other than as to a nonassessable policy, for the
obligations of the reciprocal insurer shall be an individual, several and proportionate
liability, and not joint. (b) Except as to a nonassessable policy, each subscriber shall have a contingent assessment
liability, in the amount provided for in the power of attorney or in the subscribers’
agreement, for payment of actual losses and expenses incurred while his or her policy
was in force. (c) Each assessable policy issued by the insurer shall contain a statement of the contingent
liability, set in type of the same prominence as the insuring clause. (Added 1971, No. 31, § 1, eff. March 31, 1971; amended 2013, No. 29, § 46, eff. May 13, 2013.)
Frequently Asked Questions About Vermont § 4848
What does Vermont Statutes Online § 4848 cover?
Section 4848 ("Subscribers’ liability") 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 § 4848?
A common citation format is "Vermont Statutes Online § 4848" (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 § 4848 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.