§ 4722 - Definitions - Vermont Statutes

§ 4722. Definitions

When used in this chapter:

(1) "Person" shall mean any individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds insurer, fraternal benefit society, and any other legal entity engaged in the business of insurance, including agents, brokers, appraisers and adjusters. Person shall also mean medical, dental, optometric, and hospital service plans as defined in this title. For the purposes of this title, medical, dental, optometric and hospital service plans shall be deemed to be engaged in the business of insurance.

(2) "Commissioner" shall mean the commissioner of banking, insurance, securities, and health care administration.

(3) "Insurance policy" or "insurance contract" shall mean any contract of insurance, indemnity, medical, dental, optometric, or hospital service, suretyship, or annuity issued, proposed for issuance, or intended for issuance by any person. (Amended 1973, No. 216 (Adj. Sess.), § 2, eff. May 1, 1974; 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a).)