§ 4981 - Definitions - Vermont Statutes

§ 4981. Definitions

For the purposes of this chapter, unless the context otherwise requires:

(1) "Association" means a joint underwriting association established pursuant to this chapter;

(2) "Commissioner" means the commissioner of banking, insurance, securities, and health care administration or a designee;

(3) "Property and casualty insurance" means all insurance covered under chapter 128 of this title relating to property and casualty rate regulation;

(4) "Member" means an insurer which is a member of an association; and

(5) "Plan" means the plan of operation of the association approved or promulgated by the commissioner pursuant to this chapter. (Added 1985, No. 265 (Adj. Sess.), § 4, eff. June 4, 1986; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a).)