Terms Used In Vermont Statutes Title 8 Sec. 3636

  • Contract: A legal written agreement that becomes binding when signed.
  • Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See

§ 3636. Reinsurance contract

In the event of the rehabilitation, receivership, or liquidation of a ceding insurer, no person shall have any rights against the reinsurer of such ceding insurer which are not specifically set forth in the contract of reinsurance or in a specific agreement between the reinsurer and the person. (Added 1985, No. 145 (Adj. Sess.), § 5.)

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