Vermont § 8508 - Product filing and approval
Full text of Vermont Vermont Statutes Online § 8508 — Product filing and approval, with citation guidance and answers to common questions.
§ 8508. Product filing and approval
- (a) Insurers and third-party filers seeking to have a product approved by the Commission
shall file the product with, and pay applicable filing fees to, the Commission. Nothing
in this chapter shall be construed to restrict or otherwise prevent an insurer from
filing its product with the insurance department in any state where the insurer is
licensed to conduct the business of insurance, and such filing shall be subject to
the laws of the states where filed. (b) The Commission shall establish appropriate filing and review processes and procedures
pursuant to Commission rules and operating procedures. Notwithstanding any provision
of this chapter to the contrary, the Commission shall adopt rules to establish conditions
and procedures under which the Commission will provide public access to product filing
information. In establishing such rules, the Commission shall consider the interests
of the public in having access to such information, as well as protection of personal
medical and financial information and trade secrets, that may be contained in a product
filing or supporting information. (c) Any product approved by the Commission may be sold or otherwise issued in those compacting
states for which the insurer is legally authorized to do business. (Added 2005, No. 70, § 2; amended 2021, No. 105 (Adj. Sess.), § 276, eff. July 1, 2022.)
Frequently Asked Questions About Vermont § 8508
What does Vermont Statutes Online § 8508 cover?
Section 8508 ("Product filing and approval") 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 § 8508?
A common citation format is "Vermont Statutes Online § 8508" (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 § 8508 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.