Vermont § 4902 - Disclosure and public information

§ 4902. Disclosure and public information

• (a) The Commissioner shall make such rules as he or she considers necessary or desirable
  for the full, fair, and uniform disclosure and conveyance of useful information to
  consumers of insurance. (b) The rules may include requirements that for each or any insurance policy sold or offered
  for sale in this State an insurer shall prepare and provide or cause to be provided
  to the policyholder, buyer, or prospective buyer a disclosure statement containing: (1) a clear and concise outline summarizing and clarifying important features of the policy; (2) information on cost and on return to or on behalf of policyholders; (3) such other information that the Commissioner considers appropriate to further the
  purposes of or reduce violations of chapter 129 of this title; and (4) a statement that the outline is a summary of the policy or contract issued or applied
  for and that the policy or contract should be consulted to determine governing contractual
  provisions. (c) The Commissioner shall by rule establish standards for the format, content, and distribution
  of disclosure statements and any other informational materials he or she considers
  necessary or desirable to promote the purposes of this section. (Added 1975, No. 36.)