2011 Vermont Code
Title 08 Banking and Insurance
Chapter 132 RECIPROCAL INSURERS
§ 4849 Subscribers' liability on judgment
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TITLE 8
Banking and Insurance
PART III
Insurance
CHAPTER 132. RECIPROCAL INSURERS
§ 4849. Subscribers' liability on judgment
(a) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.
(b) Any such judgment shall be binding upon each subscriber only in such proportion as his interests may appear and in amount not exceeding his contingent liability, if any. (Added 1971, No. 31, { 1, eff. March 31, 1971.)
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