Vermont § 7072 - Recovery of premiums owed
Full text of Vermont Vermont Statutes Online § 7072 — Recovery of premiums owed, with citation guidance and answers to common questions.
§ 7072. Recovery of premiums owed
- (a)(1) An agent, broker, premium finance company, or any other person, other than the insured,
responsible for the payment of a premium shall be obligated to pay any unpaid premium
for the full policy term due the insurer at the time of the declaration of insolvency,
or the inception of the receivership, whichever is sooner, whether earned or unearned,
as shown on the records of the insurer. The liquidator shall also have the right
to recover from such person any part of an unearned premium that represents commission
of such person. Credits or setoffs, or both shall not be allowed to an agent, broker,
or premium finance company for any amounts advanced to the insurer by the agent, broker,
or premium finance company on behalf of, but in the absence of a payment by, the insured. (2) An insured shall be obligated to pay any unpaid earned premium due the insurer at
the time of the declaration of insolvency, or the inception of the receivership, whichever
is sooner, as shown on the records of the insurer.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 7072
What does Vermont Statutes Online § 7072 cover?
Section 7072 ("Recovery of premiums owed") 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 § 7072?
A common citation format is "Vermont Statutes Online § 7072" (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 § 7072 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.