™Your Policy Risk Impact Agent
87 chapters · 1,508 sections in this title.
08 V.S.A. ch. 141, § 6034a Incorporated protected cells
4.0K chars
§ 6034a. Incorporated protected cells (a) A protected cell of a sponsored captive insurance company may be formed as an incorporated protected cell as defined in subdivision 6032(2) of this title. (b) Subject to the prior written approval of the sponsored captive insurance compan…
08 V.S.A. ch. 141, § 6034b Separate accounts of protected cells
3.0K chars
§ 6034b. Separate accounts of protected cells With the Commissioner’s prior written approval, a protected cell of a sponsored captive insurance company may establish one or more separate accounts and may allocate to them amounts to provide for the insurance of risks of one or mor…
08 V.S.A. ch. 141, § 6034c Protected cell conversion
3.8K chars
§ 6034c. Protected cell conversion (a)(1) Subject to the prior written approval of the Commissioner, on application of the sponsor and with the prior consent of each participant of the affected protected cells or as otherwise permitted pursuant to a participation agreement and th…
08 V.S.A. ch. 141, § 6034d Sale, transfer, or assignment of protected cells
1.8K chars
§ 6034d. Sale, transfer, or assignment of protected cells (a) Subject to the prior written approval of the Commissioner, on application of the sponsor and with the prior consent of each participant of the affected protected cell or as otherwise permitted pursuant to a participati…