Vermont § 8202 - Scope
Full text of Vermont Vermont Statutes Online § 8202 — Scope, with citation guidance and answers to common questions.
§ 8202. Scope
- (a) The requirements of this chapter apply to any insurer authorized to transact business
in this State who contracts to assume or transfer the obligations or risks on contracts
of insurance, including annuities, pursuant to an assumption reinsurance agreement. (b) This chapter does not apply to: (1) any reinsurance agreement or transaction in which the ceding insurer continues to
remain directly liable for insurance obligations or risks under the contracts of insurance
that are subject to the reinsurance agreement; (2) the substitution of one insurer for another upon the expiration of insurance coverage
pursuant to statutory or contractual requirements and the issuance of a new contract
of insurance by another insurer; (3) the transfer of contracts of insurance pursuant to a merger or consolidation of two
or more insurers to the extent that those transactions are regulated by statute; (4) any insurer subject to a judicial order of liquidation or rehabilitation; (5) any reinsurance agreement or transaction to which a state insurance guaranty association
is a party, provided that policyholders do not lose any rights or claims afforded
under their original policies pursuant to chapter 101, subchapter 9 or chapter 112
of this title; or (6) the transfer of liabilities from one insurer to another under a single group policy
upon the written request of the group policyholder. (Added 1993, No. 235 (Adj. Sess.), § 7.)
Frequently Asked Questions About Vermont § 8202
What does Vermont Statutes Online § 8202 cover?
Section 8202 ("Scope") 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 § 8202?
A common citation format is "Vermont Statutes Online § 8202" (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 § 8202 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.