Vermont § 7036 - Condition on release from delinquency proceedings An insurer subject to delinquency proceedings, whether formal or informal, shall not:
Full text of Vermont Vermont Statutes Online § 7036 — Condition on release from delinquency proceedings An insurer subject to delinquency proceedings, whether formal or informal, shall not:, with citation guidance and answers to common questions.
§ 7036. Condition on release from delinquency proceedings An insurer subject to delinquency proceedings, whether formal or informal, shall not:
- (1) be released from such proceeding, unless the proceeding is converted into a judicial
rehabilitation or liquidation proceeding; (2) be permitted to solicit or accept new business or request or accept the restoration
of any suspended or revoked license or certificate of authority; (3) be returned to the control of its shareholders or private management; or (4) have any of its assets returned to the control of its shareholders or private management
until all payments of or on account of the insurer’s contractual obligations by all
guaranty associations, along with all expenses thereof and interest on all such payments
and expenses, shall have been repaid to the guaranty associations or a plan of repayment
by the insurer shall have been approved by the guaranty association. (Added 1991, No. 45, § 2, eff
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 7036
What does Vermont Statutes Online § 7036 cover?
Section 7036 ("Condition on release from delinquency proceedings An insurer subject to delinquency proceedings, whether formal or informal, shall not:") 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 § 7036?
A common citation format is "Vermont Statutes Online § 7036" (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 § 7036 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.