Vermont § 6048l - License suspension and revocation
Full text of Vermont Vermont Statutes Online § 6048l — License suspension and revocation, with citation guidance and answers to common questions.
§ 6048l. License suspension and revocation
- (a) The Commissioner shall notify a special purpose financial insurance company not less
than 30 days before suspending or revoking its license pursuant to section 6009 of
this chapter, which notice shall state the basis for such suspension or revocation.
The special purpose financial insurance company shall be afforded the opportunity
for a hearing pursuant to the provisions of the Vermont Administrative Procedure Act,
3 V.S.A. chapter 25. (b) Notwithstanding subsection (a) of this section and 3 V.S.A. § 814(c), no prior notice or hearing shall be required if the grounds for suspension or revocation
of a special purpose financial insurance company’s license pursuant to section 6009
of this chapter relate primarily to the financial condition or soundness of the special
purpose financial insurance company or to a deficiency in its assets. (c) For purposes of this subchapter, reference to section 6004 in subdivision 6009(a)(2) of this title shall be construed also as a reference to section 6048g of this subchapter. (Added 2007, No. 49, § 17; amended 2013, No. 29, § 63, eff. May 13, 2013.)
Frequently Asked Questions About Vermont § 6048l
What does Vermont Statutes Online § 6048l cover?
Section 6048l ("License suspension and revocation") 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 § 6048l?
A common citation format is "Vermont Statutes Online § 6048l" (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 § 6048l 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.