Vermont § 7123 - Definitions As used in this chapter:
Full text of Vermont Vermont Statutes Online § 7123 — Definitions As used in this chapter:, with citation guidance and answers to common questions.
§ 7123. Definitions As used in this chapter:
- (1) “Aggregator site” means a website that provides access to information regarding insurance
products from more than one insurer, including product and insurer information, for
use in comparison shopping. (2) “Blanket travel insurance” means a policy of travel insurance issued to any eligible
group providing coverage for specific classes of persons defined in the policy with
coverage provided to all members of the eligible group without a separate charge to
individual members of the eligible group. (3) “Cancellation fee waiver” means a contractual agreement between a supplier of travel
services and its customer to waive some or all of the nonrefundable cancellation fee
provisions of the supplier’s underlying travel contract with or without regard to
the reason for the cancellation or form of reimbursement. A cancellation fee waiver
is not insurance. (4) “Eligible group” means two or more persons who are engaged in a common enterprise,
or have an economic, educational, or social affinity or relationship, including any
of the following: (A) any entity engaged in the business of providing travel or travel services, including
a tour operator, lodging provider, vacation property owner, hotel or resort, travel
club, travel agency, property manager, cultural exchange program, or common carrier,
or the operator, owner, or lessor of a means of transportation of passengers, including
to an airline, cruise line, railroad, steamship company, or public bus carrier, wherein
with regard to any particular travel or type of travel or travelers, all members or
customers of the group have a common exposure to risk attendant to such travel; (B) any college, school, or other institution of learning, covering students, teachers,
employees, or volunteers; (C) any employer covering any group of employees, volunteers, contractors, board of directors,
dependents, or guests; (D) any sports team, camp, or sponsor thereof, covering participants, members, campers,
employees, officials, supervisors, or volunteers; (E) any religious, charitable, recreational, educational, or civic organization, or branch
thereof, covering any group of members, participants, or volunteers; (F) any financial institution or financial institution vendor, or parent holding company,
trustee, or agent of or designated by one or more financial institutions or financial
institution vendors, including accountholders, credit card holders, debtors, guarantors,
or purchasers; (G) any incorporated or unincorporated association, including a labor union, having a
common interest, constitution, and bylaws and organized and maintained in good faith
for purposes other than obtaining insurance for members or participants of such association
covering its members; (H) any trust or the trustees of a fund established, created, or maintained for the benefit
of and covering members, employees, or customers, subject to the Commissioner’s permitting
the use of a trust and the State’s premium tax provisions in section 7125 of this
chapter, of one or more associations meeting the requirements of subdivision (4)(G)
of this section; (I) any entertainment production company covering any group of participants, volunteers,
audience members, contestants, or workers; (J) any volunteer fire department, ambulance, rescue, police, court, or any first aid,
civil defense, or other such volunteer group; (K) any preschool, daycare institution for children or adults, or senior citizen club; (L) any automobile or truck rental or leasing company covering a group of individuals
who may become renters, lessees, or passengers defined by their travel status on the
rented or leased vehicles, provided that the common carrier, the operator, owner,
or lessor of a means of transportation or the automobile or truck rental or leasing
company is the policyholder under a policy to which this section applies; or (M) any other group where the Commissioner has determined that the members are engaged
in a common enterprise, or have an economic, educational, or social affinity or relationship,
and that issuance of the policy would not be contrary to the public interest. (5) “Fulfillment materials” means documentation sent to the purchaser of a travel protection
plan confirming the purchase and providing the travel protection plan’s coverage and
assistance details. (6) “Group travel insurance” means travel insurance issued to any eligible group. (7) “Limited lines travel insurance producer” means a: (A) licensed managing general agent or third-party administrator; (B) licensed insurance producer, including a limited lines producer, designated by an
insurer as the travel insurance supervising entity as set forth in subsection 7124
Frequently Asked Questions About Vermont § 7123
What does Vermont Statutes Online § 7123 cover?
Section 7123 ("Definitions As used in this chapter:") 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 § 7123?
A common citation format is "Vermont Statutes Online § 7123" (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 § 7123 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.