§ 4241. Vermont Automobile Insurance Plan All insurers licensed to transact business in this State, for the issuance of automobile insurance against bodily injury, property damage, medical payments, or other loss, including what are commonly known as “liability,” “collision,” “comprehensive,” or “uninsured motorist” coverages, and every advisory or service organization operating in this State under […]
§ 4242. General provisions of Plan The Plan shall provide: (1) reasonable rules for the distribution of risks on an equitable basis under either a pooled or assigned plan; (2) rates applicable to, and based upon, that class of risks as described in section 4241 of this title to which the Plan applies; (3) limits […]
§ 4243. Submission and approval of Plan (a) A plan conforming to the standards of section 4242 of this title shall be submitted to the Commissioner within 90 days of July 1, 1969. Each insurer and advisory or service organization described in section 4241 of this title shall file with the Commissioner within 90 days […]
§ 4244. Commissioner to formulate Plan (a) If no Plan conforming to the standards of section 4242 of this title is submitted to the Commissioner within 90 days of July 1, 1969 or within the time provided for in any order of disapproval, the Commissioner shall prepare and promulgate a Plan conforming to the requirements […]
§ 4245. Insurers to participate in plan After approval of, or preparation and promulgation of the Plan, every insurer licensed to transact business in this State, shall participate in the Plan according to its provisions as described in section 4241 of this title. (1969, No. 63, § 6.)
§ 4246. Insurer or rating organization; conduct of If the Commissioner finds that the conduct of any insurer or advisory or service organization is not in conformity with the Plan, he or she may, after hearing, order the cessation of the conduct complained of. Further conduct in violation of the order is subject to the […]
