Vermont Statutes Title 8 Sec. 4843
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Vermont Statutes Title 8 Sec. 4843
- Attorney: means the attorney-in-fact of a reciprocal insurer. See
- Domestic: when applied to a corporation, company, association, or copartnership shall mean organized under the laws of this State; "foreign" when so applied, shall mean organized under the laws of another state, government, or country. See
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Service of process: The service of writs or summonses to the appropriate party.
§ 4843. Services of process; judgment
(a) Legal process shall be served upon a domestic reciprocal insurer by serving the insurer’s attorney at his or her principal office.
(b) Any judgment based upon legal process so served shall be binding upon each of the insurer’s subscribers as their respective interests may appear, but in an amount not exceeding their respective contingent liabilities, if any, the same as though personal service of process was had upon each such subscriber. (Added 1971, No. 31, § 1, eff. March 31, 1971.)