2011 Vermont Code
Title 08 Banking and Insurance
Chapter 101 INSURANCE COMPANIES GENERALLY
§ 3502 Insurance-Other life insurance and annuities
§ 3502. Insurance-Other life insurance and annuities
For all policies of insurance other than life insurance and annuities the insurer shall maintain reserves which shall place a sound value on its liabilities under such policies and which shall not be less than the reserves according to appropriate standards set forth in regulations issued by the commissioner and, in no event, less in the aggregate than the pro rata gross unearned premium reserve for such policies. (1967, No. 344 (Adj. Sess.), { 1 (ch. 1, subch. 6, { 2).)
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