§ 4595. Change in control; material transactions; redomestication; establishment or acquisition of control of insurance company subsidiary
§ 4595. Change in control; material transactions; redomestication; establishment or acquisition of control of insurance company subsidiary (a)(1) No corporation permitted to engage in business under this chapter shall merge or consolidate with, sell, transfer, or exchange more than a 10 percent interest in the corporation or its assets to, or sell, transfer, or exchange […]
§ 4585a. Optometrists; visual services
§ 4585a. Optometrists; visual services Whenever any policy of insurance or any medical service plan or hospital service contract or hospital and medical service contract provides for reimbursement for any visual service which is within the lawful scope of practice of a duly licensed optometrist with qualifications as defined by 26 V.S.A. § 1691, the […]
§ 4586. Form and contents of contract
§ 4586. Form and contents of contract In every such contract made, issued, or delivered in this State: (1) all printed portions shall be plainly printed in type of which the face is not smaller than ten point; (2) there shall be a brief description of the contract on its first page and on its […]
§ 4587. Filing and approval of contracts
§ 4587. Filing and approval of contracts A medical service corporation that has received a permit from the Commissioner of Financial Regulation under section 4584 of this title shall not thereafter issue a contract to a subscriber or charge a rate that is different from copies of the contracts and rates originally filed with and […]
§ 4588. Annual report to Commissioner
§ 4588. Annual report to Commissioner Annually, on or before March 1, a medical service corporation shall file with the Commissioner of Financial Regulation a statement sworn to by the president and treasurer of the corporation showing its condition on December 31, which shall be in such form and contain such matters as the Commissioner […]
§ 4589. Investments
§ 4589. Investments Funds of a medical service corporation may be invested in any prudent investment as permitted for an insurance company formed under chapter 101 of this title. The corporation shall file and obtain the Commissioner’s prior approval of its investment guidelines. Any amendments to the investment guidelines must be approved by the Commissioner […]
§ 4590. Tax exemption
§ 4590. Tax exemption A medical service corporation shall be exempt from all forms of taxation except the health care claims tax assessed pursuant to 32 V.S.A. § 10402. (Amended 2003, No. 70 (Adj. Sess.), § 4, eff. March 1, 2004; 2019, No. 6, § 68, eff. April 22, 2019.)
§ 4591. Effect on liability under workers’ compensation law
§ 4591. Effect on liability under workers’ compensation law The provisions of this chapter or any contract for medical service shall in no way affect the liability of an employer under the provisions of the workers’ compensation law. (Amended 1981, No. 165 (Adj. Sess.), § 1.)
§ 4592. Exempt organizations
§ 4592. Exempt organizations Fraternal benefit societies and life or accident insurance companies are not affected by this chapter.
§ 4593. Reciprocal provisions
§ 4593. Reciprocal provisions A corporation organized under the laws of another state or country which, except as to state of organization, is a medical service corporation as defined by section 4583 of this title, and which the commissioner finds has fully complied with the laws of such other state or country, shall be entitled […]