2011 Vermont Code
Title 08 Banking and Insurance
Chapter 132 RECIPROCAL INSURERS
§ 4844 Contributions to insurer
§ 4844. Contributions to insurer
The attorney or other parties may advance to a domestic reciprocal insurer upon reasonable terms such funds as it may require from time to time in its operations. Sums so advanced shall not be treated as a liability of the insurer, and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. No such withdrawal or repayment shall be made without the prior written approval of the commissioner. This section does not apply to bank loans, or to other loans made upon security. (Added 1971, No. 31, { 1, eff. March 31, 1971.)
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