Vermont Statutes Annotated

Vt. Stat. Ann. tit. 08, § 3361 (2026)

Requirements for license

✓ current as of May 2026

Find cases: SyfertCases citing this section VT-LEGlegislature.vermont.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

Subchapter 002 : FOREIGN AND ALIEN COMPANIES LICENSING AND REGULATION

(Cite as: 8 V.S.A. § 3361)

§ 3361. Requirements for license

(a) A foreign or alien insurer shall not transact business in this State unless it first obtains from the Commissioner a license authorizing it to do so. Before receiving a license, it shall file with the Commissioner a certified copy of its charter and bylaws, a statement under oath of its president and secretary, showing its financial condition, and any other statements required by the Commissioner.

(b) An insurer making an application or reapplication for an original license to transact business in this State shall pay to the Commissioner a nonrefundable fee of $200.00 for examining, investigating, and processing the application. In addition, each insurer shall pay a license fee for the year of registration and a renewal fee for each year thereafter of $300.00 not including fees for producers licenses and renewals thereof. The annual renewal fee of $300.00 shall be paid on or before March 1.

(c) If the Commissioner is satisfied with the copies and statements that such insurer has complied with the provisions of this part, he or she may grant a license authorizing it to do insurance business by lawfully constituted and licensed agents only, until April 1 thereafter, which license may be renewed. In granting or renewing such license to do business, the Commissioner shall consider the criteria established for the approval and certification of domestic insurers hereinabove set forth, within the context of the stated legislative policy. Notwithstanding the provisions of Title 11A, any insurer licensed by the Commissioner under this section may transact insurance business in this State. Such corporations shall not be required to make any annual report except as provided in this title. This section shall not be construed to prohibit residents of this State from procuring insurance at the home office of a foreign insurer. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 2, § 1); amended 1977, No. 148 (Adj. Sess.), § 1, eff. date, see note set out below; 1981, No. 42, § 1; 1993, No. 235 (Adj. Sess.), § 9b, eff. June 21, 1994; 2001, No. 71, § 4, eff. June 16, 2001; 2005, No. 122 (Adj. Sess.), § 8.)

Notes of Decisions

Cited in 3 cases, 2015–2015 · leading case: Cincinnati Specialty Underwriters Ins. v. Energy Wise Homes, Inc., 120 A.3d 1160 (Vt. 2015).

Sort: Relevance Newest Treatment

Cincinnati Specialty Underwriters Ins. v. Energy Wise Homes, Inc., 120 A.3d 1160 (Vt. 2015). “§ 5022(b)(1) (defining “admitted insurer” as “an insurer possessing a certificate of authority to transact business in [Vermont] issued by the Commissioner [of Financial Regulation] pursuant to [8 V.S.A. § 3361]”). ¶ 3. In late 2010, Energy Wise installed spray-foam insulation…”

Cincinnati Specialty Underwriters Ins. Co. v. Energy Wise Homes, Inc., Uhler & Poulos Ins., Inc., 199 Vt. 104 (Vt. 2015). “§ 5022(b)(1) (defining “admitted insurer” as “an insurer possessing a certificate of authority to transact business in [Vermont] issued by the Commissioner [of Financial Regulation] pursuant to [8 V.S.A. § 3361]”). ¶ 3. In late 2010, Energy Wise installed spray-foam insulation…”

Cincinnati Specialty Underwriters Ins. Co. v. Energy Wise Homes, Inc., Uhler & Poulos Ins., Inc., 199 Vt. 104 (Vt. 2015). “§ 5022(b )( 1) (defining “admitted insurer” as “an insurer possessing a certificate of authority to transact business in [Vermont] issued by the Commissioner [of Financial Regulation] pursuant to [8 V.S.A. § 3361]”). ¶ 3. In late 2010, Energy Wise installed spray-foam insulation…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.