Vermont § 6048j - Disposition of assets; investments
Full text of Vermont Vermont Statutes Online § 6048j — Disposition of assets; investments, with citation guidance and answers to common questions.
§ 6048j. Disposition of assets; investments
- (a) The assets of a special purpose financial insurance company shall be preserved and
administered by or on behalf of the special purpose financial insurance company to
satisfy the liabilities and obligations of the special purpose financial insurance
company incident to the reinsurance contract, the insurance securitization, and other
related agreements. (b) In the special purpose financial insurance company securitization, the security offering
memorandum or other document issued to prospective investors regarding the offer and
sale of a surplus note or other security shall include a disclosure that all or part
of the proceeds of such insurance securitization will be used to fund the special
purpose financial insurance company’s obligations to the ceding insurer. (c) A special purpose financial insurance company shall not be subject to any restriction
on investments other than the following: (1) a special purpose financial insurance company shall not make a loan to any person
other than as permitted under its plan of operation or as otherwise approved in advance
by the Commissioner; and (2) the Commissioner may prohibit or limit any investment that threatens the solvency
or liquidity of the special purpose financial insurance company unless the investment
is otherwise approved in its plan of operation or in an order issued to the special
purpose financial insurance company pursuant to subsection 6048d(b) of this chapter,
as either is amended from time to time. (Added 2007, No. 49, § 17; amended 2013, No. 29, § 61, eff. May 13, 2013.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 6048j
What does Vermont Statutes Online § 6048j cover?
Section 6048j ("Disposition of assets; investments") 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 § 6048j?
A common citation format is "Vermont Statutes Online § 6048j" (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 § 6048j 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.