™Your Policy Risk Impact Agent
87 chapters · 1,498 sections in this title.
08 V.S.A. ch. 142A, § 6070 Application of chapter
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§ 6070. Application of chapter (a) This chapter applies to risk retention groups domiciled in this State operating under the provisions of chapters 141 and 142 of this title and to persons serving as managing general agents for such risk retention groups. (b) The provisions of ch…
08 V.S.A. ch. 142A, § 6071 Definitions
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§ 6071. Definitions As used in this chapter: (1)(A) “Managing general agent” means any person who: (i) manages all or part of the insurance business of a risk retention group and acts as an agent for such risk retention group, and, who, either separately or together with affiliat…
08 V.S.A. ch. 142A, § 6072 Licensure
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§ 6072. Licensure (a) A person shall not act in the capacity of managing general agent as defined in subdivision 6071(1)(A) of this title for a risk retention group unless such person is licensed under the provisions of this chapter. A person shall not act in the capacity of mana…
08 V.S.A. ch. 142A, § 6073 Contract required
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§ 6073. Contract required (a) No risk retention group shall enter into a managing general agent relationship unless there is in force a written contract between the parties that sets forth the respective responsibilities of each party. (b) The contract shall contain the following…