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2025 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 113 - Liability Insurance and Service Contract Companies
§ 4209. Penalties
Universal Citation:
8 VT Stats § 4209
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§ 4209. Penalties
A company, corporation, association, society, or other insurer or any officer or agent thereof that issues or delivers to a person in this State a policy in willful violation of the provisions of this chapter shall pay an administrative penalty of not more than $2,000.00 for each offense. The Commissioner may revoke the license of a company, corporation, association, society, or other insurer of another state or country, or of the agent thereof, that willfully violates such provisions. (Amended 1995, No. 167 (Adj. Sess.), § 14; 2021, No. 105 (Adj. Sess.), § 171, eff. July 1, 2022.)
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