Terms Used In Vermont Statutes Title 8 Sec. 3611

  • Association: means the Vermont Property and Casualty Insurance Guaranty Association created under section 3613 of this title. See
  • Direct: when used in connection with "obligation" means that a designated obligor shall be primarily liable on the instrument representing the obligation. See
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

§ 3611. Scope of subchapter; short title

This subchapter shall apply to all kinds of direct insurance, except life, title, surety, health, credit, mortgage guaranty, and ocean marine insurance. This subchapter shall be known as the Vermont Property and Casualty Insurance Guaranty Association Act. (Added 1969, No. 279 (Adj. Sess.), § 2; amended 1979, No. 18, § 6.)