Vermont Statutes Title 8 Sec. 5038
Terms Used In Vermont Statutes Title 8 Sec. 5038
- Contract: A legal written agreement that becomes binding when signed.
- Service of process: The service of writs or summonses to the appropriate party.
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- Surplus lines broker: means an individual licensed under this chapter and chapter 131 of this title. See
- Surplus lines insurance: means coverage not procurable from admitted insurers. See
- Surplus lines insurer: means a non-admitted insurer with which insurance coverage may be placed under this chapter. See
§ 5038. Actions against insurer; service of process
(a) A non-admitted insurer may be sued upon any cause of action arising in this State under any surplus lines insurance contract made by it or certificate, cover note, or other confirmation of such insurance issued or delivered by the surplus lines broker pursuant to the procedure provided in chapter 101, subchapter 2 of this title.
(b) Each surplus lines insurer that assumes a surplus lines coverage shall be deemed thereby to have subjected itself to this chapter.
(c) The remedies provided in this chapter are in addition to any other methods provided by law for service of process upon insurers. (Added 1979, No. 50, § 2; amended 2019, No. 57, § 14.)