Vermont § 5029 - Surplus lines insurance valid
Full text of Vermont Vermont Statutes Online § 5029 — Surplus lines insurance valid, with citation guidance and answers to common questions.
§ 5029. Surplus lines insurance valid
- (a) Insurance contracts procured as surplus lines insurance from surplus lines insurers
in accordance with this chapter shall be valid and enforceable to the same extent
as insurance contracts procured from admitted insurers. (b) The insurance trade practices provisions of sections 4723 and 4724(1)-(7) and (9)-(18)
of this title, and the cancellation provisions of sections 3879-3883 (regarding fire
and casualty policies) and 4711-4715 (regarding commercial risk policies) of this
title shall apply to surplus lines insurers, both domestic and foreign. (c) Other provisions of this title not specifically applicable to surplus lines insurers
shall not apply. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 7; 2019, No. 57, § 10.)
Frequently Asked Questions About Vermont § 5029
What does Vermont Statutes Online § 5029 cover?
Section 5029 ("Surplus lines insurance valid") 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 § 5029?
A common citation format is "Vermont Statutes Online § 5029" (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 § 5029 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.