Vermont § 6031 - Formation
Full text of Vermont Vermont Statutes Online § 6031 — Formation, with citation guidance and answers to common questions.
§ 6031. Formation
- (a) One or more sponsors may form a sponsored captive insurance company under this chapter.
In addition to the general provisions of this chapter, the provisions of this subchapter
shall apply to sponsored captive insurance companies. (b) Subject to the approval of the Commissioner, a sponsored captive insurance company
may be formed as any type of entity permissible under Vermont law. (Added 2003, No. 55, § 9; amended 2005, No. 122 (Adj. Sess.), § 5; 2009, No. 137 (Adj. Sess.), § 23, eff. May 29, 2010; 2019, No. 3, § 5, eff. April 18, 2019.)
Frequently Asked Questions About Vermont § 6031
What does Vermont Statutes Online § 6031 cover?
Section 6031 ("Formation") 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 § 6031?
A common citation format is "Vermont Statutes Online § 6031" (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 § 6031 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.